RBC Teams Up with Cohere For GenAI Financial Solutions: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
0mins
Source: Benzinga
Partnership Announcement: Royal Bank of Canada has partnered with Cohere to develop a generative AI solution called North for Banking, aimed at enhancing security and risk management in financial services.
Investor Day Plans: RBC will host an Investor Day on March 27, 2025, featuring presentations from CEO Dave McKay and other executives, while its stock recently saw a slight increase.
Analyst Views on RY
Wall Street analysts forecast RY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RY is 168.73 USD with a low forecast of 158.37 USD and a high forecast of 177.08 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 168.860
Low
158.37
Averages
168.73
High
177.08
Current: 168.860
Low
158.37
Averages
168.73
High
177.08
About RY
Royal Bank of Canada (RBC) is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Capital Markets, and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and the United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions for businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines: corporate and investment banking and global markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, as well as creditor and business insurance services to individual, business and group clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
