ROYAL BANK OF CANADA (RY) Form 6-K — Jun 10, 2026
Royal Bank of Canada announced a new normal course issuer bid to repurchase up to 45 million common shares for cancellation, approved by the TSX and OSFI. The bid represents approximately 3.24% of the bank’s 1.39 billion outstanding shares and will run from June 12, 2026, to June 11, 2027. Purchases will be made at prevailing market prices through the TSX, NYSE, and other designated exchanges, with a daily limit of 886,352 shares on the TSX. The bank will also establish an automatic share purchase plan with RBC Dominion Securities Inc.
Key figures
- Shares Offered
- 45000000
- Shares Outstanding
- 1389738870
- Avg Daily Volume
- 3545411
- Daily Trading Limit
- 886352
- Previous Bid Shares
- 35000000
- Previous Bid Avg Price
- 215.85
- Previous Bid Shares Repurchased
- 19168210
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.