Royal Bank of Canada vs T Rowe Price Group Inc — how do they compare? Royal Bank of Canada trades at $210.37 (market cap $289.51B), while T Rowe Price Group Inc trades at $115.59 (market cap $25.14B). The key difference: Royal Bank of Canada is far larger — about 11.5× T Rowe Price Group Inc's market cap, and T Rowe Price Group Inc pays the higher dividend (4.43%). Which is the better fit depends on your goals.
| RY | TROW | |
|---|---|---|
Market Cap | $289.51B | $25.14B |
Sector | Financials | Financials |
52-Week High | $217.87 | $120.16 |
52-Week Low | $128.46 | $86.19 |
Dividend Yield | 2.42% | 4.43% |
Enterprise Value | — | $21.85B |
Trailing returns across standard periods
Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.
Read more on RY →T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of August 2022, the firm had $1.339 trillion in managed assets, composed of equity (54%), balanced (30%), fixed-income (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just under 10% of its AUM from overseas.
Read more on TROW →