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Based on the reviews above, the consensus seems to be that Royal Bank (RY-T) is a stable and sound long-term investment in the Canadian banking sector. It is seen as a strong and diversified bank with potential for international expansion and cross-selling. The acquisition of HSBC is viewed as attractive and is expected to generate profits. The dividend yield of around 4% is considered safe and reliable, making RY a good choice for long-term investors.
Currently selling at premium to other banks in the market, but valuation is justified. RBC offers stability for investors in case markets fall. Very strong balance sheet and steady stream of earnings. Dividend ~4% is safe and reliable. Compliance issues behind company. Recent closing of HSBC Canada will generate profits going forward. Offers good value for long term investors.
If you're going to buy in the space, BMO and RY are the two to consider. Accretion from acquisitions is working for both. BMO is 2 points cheaper. Still, he'd rather go with insurance -- MFC first, IFC second.
Banks are good to own for the long term. They did reduce their holdings 1 1/2 years ago. He wants to see how the digestion of its mortgage business runs through the financial system. Banks are getting the benefit of higher interest rates but the bulk of refinancing mortgages at higher rates is still to come over the next one to 1 1/2 years. He wouldn't add at this time.
Both are the right ones to look at. Slight preference at the moment is towards TD on valuation. Bit more negative sentiment on TD due to regulatory scrutiny. Typical cycle of what happens to all the large banks, but no skeletons lurking. Both are buys today. Valuations are fairly attractive. Outlook for dividend growth isn't as strong given current environment, but still good dividend vehicles.
RY is the 800-pound gorilla, with the ability to maneuver the banking sector any way it wants. He's long this one in his core strategy.
He'd never say sell RY. Great to hold long term. If we're going to get granular, hit a bit of a lull around $135. Probably will see interest again around $126. Hold. If you don't own any, the best one to buy a starter position in today.
He owns RY and TD in the space. More stable and diversified than the others.
Stick with it. The banks offer stability and pretty good value. RY has regained its premium valuation. Their yield is still above 4%. They remain the top bank in Canada and are prominent internationally. The big question with the banks is what will happen with the loan books. All the banks have made aggressive moves in loan loss provisions, though.
If interest rates decline as he expects, the banks will absorb any losses that arise, but that loss ratio will be a lot of lower if rates normalize. He likes the whole group, but you're safer with RY. TD offers a lower PE, true. RY is a steady producer, is the highest-quality Canadian bank.
Banks will do better next year, with rates coming down or remaining stable at the very least. Issue with RY is integrating its approved takeover of HSBC. Low expectations going into Q1. Will be higher than it is today.
Core bank holding. Consistent, great credit culture. Layoffs should improve productivity ratios. HSBC will be a great acquisition, providing a way to increase wealth management plus gain access to immigrant customer base.
Not a fundamental analyst, but banks are quality companies. Chart looking mediocre. Would wait to buy once shares start to rise. Rally probably based on "dovish" announcements from US Fed.
Good risk management company. High quality management team with excellent franchise value. Does not think interest rates will fall as quickly as expected. Credit losses will not be as high as predicted. Good long term investment.
The support level is at $119 which would be a good buying opportunity. It should get back to the mid $120's by the end of the year. Set your stop loss at $113. CIBC and TD are his big bank holdings. Prices will be affected by positive inflation and interest rate news.
Royal Bank is a Canadian stock, trading under the symbol RY-T on the Toronto Stock Exchange (RY-CT). It is usually referred to as TSX:RY or RY-T
In the last year, 30 stock analysts published opinions about RY-T. 24 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Royal Bank.
Royal Bank was recommended as a Top Pick by on . Read the latest stock experts ratings for Royal Bank.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
30 stock analysts on Stockchase covered Royal Bank In the last year. It is a trending stock that is worth watching.
On 2024-04-18, Royal Bank (RY-T) stock closed at a price of $133.52.
Always one of her top holdings. In general, Canadian banking sector is a sound, long-term investment. Diversified geographically and operationally. HSBC acquisition is very attractive, synergies, opens door to international expansion and cross-selling.