Royal Bank of Canada (RY)
Royal Bank of Canada Beneish M-Score: -3.256
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RY Beneish M-Score Rankings
| Overall | 81st percentile | 705 of 3771 |
| Sector | 38th percentile | 416 of 676 in Financial |
| Industry | 23rd percentile | 16 of 21 in Money Center Banks |
RY Beneish M-Score Range, Past 5 Years
| Minimum | -3.936 | Oct 2009 |
| Maximum | -2.782 | Oct 2007 |
| Average | -3.356 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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RY News
$RIMM for sale? BlackBerry maker says it hired $JPM & $RY to assist in reviewing business and financial performance. Let the jokes begin.
about 3 days ago by lamonicabuzz
about 3 days ago by lamonicabuzz
A buying opportunity has emerged in RBC, contends Desjardins' analyst $RY $RY.CA http://stks.co/40LR
about 4 days ago by eyeonequities
about 4 days ago by eyeonequities
$RY i would be a buyer of canadian banks before us banks, but still looks bad,watching 45/volume
about 5 days ago by roadkingtrdr
about 5 days ago by roadkingtrdr
Barclays Lowers PT and Estimates on Royal Bank of Canada (RY); Coming Off The Bandwagon
May 25, 12:23PM Street Insider
May 25, 12:23PM Street Insider
RT @michaelbabad Why David Rosenberg is keen on Canada's banks http://stks.co/3zTn $NA.CA $RY $RY.CA $TD $BMO $BMO.CA $CM $CM.CA $BNS
about 7 days ago by eyeonequities
about 7 days ago by eyeonequities
UPDATE: Credit Suisse Cuts PT to C$56 on Royal Bank of Canada on Slight Quarterly Miss
May 25, 10:00AM Benzinga
May 25, 10:00AM Benzinga
Top business news so far http://stks.co/3yIj $RY $RY.CA $TD $TD.CA #eurozone #greece
about 8 days ago by michaelbabad
about 8 days ago by michaelbabad
Where things stand before North American #markets open http://stks.co/3y8K $RY $RY.CA $TD $TD.CA #eurozone #greece
about 8 days ago by michaelbabad
about 8 days ago by michaelbabad
Royal Bank of Canada posts 7% dip in profit. Globe and Mail's Grant Robertson reports. http://stks.co/3y4M $RY $RY.CA
about 8 days ago by michaelbabad
about 8 days ago by michaelbabad
RT @ScottAdams_Edit Canadian banks: Don't rush to buy them http://stks.co/3xRw $BMO.CA $CM.CA $RY.CA $TD.CA $BNS.CA $BMO $CM $TD $RY $BNS
about 9 days ago by eyeonequities
about 9 days ago by eyeonequities
RT @Higreg $RY..$TD... When us banks in trouble...look towards Canadian banks for financials
about 21 days ago by tsxstocks
about 21 days ago by tsxstocks
RT @Iamfree4Lunch Canadians Dominate World’s 10 Strongest Banks http://stks.co/3eSO via @BloombergMrkts $FXC; $CM; $TD; $RY; $BNS; $BMO
about 29 days ago by tsxstocks
about 29 days ago by tsxstocks
Stocks trading ex-dividend one week from today: http://stks.co/3MHw $LOW $CLX $LEN $MCS $RY $CALM $CASC
about 46 days ago by DynamicDividend
about 46 days ago by DynamicDividend
Today's top business news http://stks.co/3CwX $AVP $RY $RY.CA $TAP #cdnecon #fed #tech
about 58 days ago by michaelbabad
about 58 days ago by michaelbabad
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RY | 49.75 | +0.59 | +1.20% | 70.79B |
| RXL | 68.20 | -0.12 | -0.18% | |
| RXI | 54.14 | -0.18 | -0.33% | |
| RXD | 17.70 | +0.00 | +0.00% | |
| RWT | 12.11 | +0.04 | +0.33% | 947.98M |
| RWM | 28.13 | +0.07 | +0.25% | |
| RWJ | 32.51 | -0.07 | -0.21% | |
| RWC | 1.632 | -0.01 | -0.51% | 22.21M |
| RVBD | 16.40 | +0.10 | +0.61% | 2.568B |
| RUTH | 6.56 | +0.00 | +0.00% | 231.11M |
