Royal Bank of Canada (RY) Returning Value by Repurchasing 35 Million Common Shares

Neha Gupta

Mon, Jun 16, 2025, 9:50 AM 1 min read

Royal Bank of Canada (NYSE:RY) is one of the most undervalued financial stocks to buy, according to analysts. On June 10, the Canadian bank announced plans to repurchase 35 million of its common shares, reflecting efforts to enhance shareholder value.

A cheerful investor telling their financial advisor they are ready to invest in alternative assets.

The repurchase is to commence on June 12. The bank plans to limit daily repurchases to 1,144,201 common shares, representing 25% of average daily trading volume. Royal Bank of Canada began repurchasing shares on June 12, 2024, with plans to have repurchased 30 million shares as of June 11, 2025.

As of May 30, 2025, it had repurchased 6.57 million shares at a volume-weighted average price of about $166.26. Most of the repurchases have been made on the open market through the Toronto Stock Exchange and the New York Stock Exchange facilities.

Royal Bank of Canada (NYSE:RY) is a financial institution providing various financial services to individuals, businesses, and institutions. It offers personal and commercial banking, wealth management, insurance, investor services, and capital markets products.

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