Royal Bank of Canada sees raised earnings estimates and upcoming CEO appearance

Analysts at Erste Group Bank have raised their fiscal year 2026 earnings per share (EPS) estimates for the Royal Bank of Canada (RBC) to $17.84, up from a previous forecast of $16.08. The bank also has a consensus full-year earnings estimate of $12.35 per share.

Several other financial institutions have recently adjusted their outlooks for the company. National Bank Financial, Desjardins, Barclays, and Canaccord Genuity Group have all increased their price targets for RBC shares. TD Bank slightly decreased its price target while maintaining a “buy” rating. The current market consensus for the stock is a “Moderate Buy” with an average price target of C$293.43.

Separately, RBC President and CEO Dave McKay is scheduled to speak at the Scotiabank Financial Summit in Toronto on September 9, 2026. The presentation will be broadcast live via the bank’s investor relations website.