Barclays Sees Stronger Q3 Results, Raises Price Target for Royal Bank of Canada (RY)

Royal Bank of Canada (NYSE:RY) ranks among the best diversified bank stocks to invest in right now. On August 14, Barclays maintained its Overweight rating on Royal Bank of Canada (NYSE:RY) shares and increased its price target from C$182 to C$190. Given a decrease in losses on performing loans and an increase in net interest income, the firm estimates that Canadian banks will post better sequential results in Q3.

The firm also predicts that worries about tariffs and mortgage renewals will continue, irrespective of the banks restating their 2025 outlooks.

The Royal Bank of Canada (NYSE:RY), one of Canada’s largest banks by assets, is a multinational financial services company that provides corporate banking, wealth management, insurance, capital markets, and personal and commercial banking. The bank is mostly focused on Canada, while it also operates in the United States and other nations.

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