the stock would be worth $123/share today – nearly equal to the current stock price. In this scenario, Royal Bank of Canada’s NOPAT grows just 1% compounded annually from fiscal 2025 – fiscal 2034. For reference, Royal Bank of Canada has grown NOPAT by 4% compounded annually over the last decade.

Shares of Royal Bank of Canada RY rallied 2.68% to C$170.98 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.06% to 25,393.45.