Market capitalization of Royal Bank of Canada 2014-2023
The market capitalization of Royal Bank of Canada (RBC) increased markedly between 2020 and 2023, despite a downward trend between 2020 and 2023. RBC's market cap had dropped down to around 132.5 billion Canadian dollars in 2020 but increased up to around 183.5 billion Canadian dollars in 2021. The drop in market cap in 2020 was not unique for RBC - all major banks globally saw a drop in their market cap in 2020 due to the coronavirus pandemic. In 2023, the market capitalization of RBC was approximately 155.12 billion Canadian dollars.