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****) maintained its position as Canada's most valuable bank by market capitalization, reaching * billion U.S. dollars as of July 22, 2026. * held the second position with a market cap of * billion U.S. dollars, substantially lower than RBC but still significantly ahead of the third-ranked Bank of Montreal. Beyond its market value leadership, RBC also led Canadian banks in terms of total assets.

What is market capitalization?

Market capitalization provides a key metric for estimating a company's value, calculated by multiplying the share price by the total number of outstanding shares. This measure reflects investor sentiment: when investors perceive a company as undervalued, their buying activity drives up both share prices and market capitalization. However, prudent investors don't rely solely on market cap; they conduct thorough analysis of fundamental metrics, including balance sheet data and other financial indicators, to make informed investment decisions. In 2026, investor confidence in the Royal Bank of Canada was particularly evident, as RBC's share price reached unprecedented levels, setting new historical highs.

Key banking metrics

Banking institutions can be evaluated through multiple important measures, each offering distinct insights into their operations and market position. Total assets, analogous to a retailer's sales volume, provides a meaningful indicator of a bank's operational scale and market influence through the volume of funds under management. Revenue serves as a more direct measure of a bank's financial performance, reflecting its ability to generate income from its various banking activities. Customer base, perhaps the most straightforward metric, reveals a bank's market penetration and public reach. By this measure, both TD Bank and RBC emerged as Canada's dominant banking institutions, with the largest number of primary banking relationships.