Royal Bank Of Canada Stock Falls On Unusually High Volume (RY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Royal Bank Of Canada (NYSE: RY) is trading at unusually high volume Thursday with 1.3 million shares changing hands. It is currently at two times its average daily volume and trading down $2.04 (-3.5%) at $57.01 as of 3:20 p.m. ET.

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Royal Bank Of Canada has a market cap of $86.55 billion and is part of the financial sector and banking industry. Shares are down 2.1% year to date as of the close of trading on Wednesday.

Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Royal Bank Of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Royal Bank Of Canada Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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