Christine Poole Royal Bank RY-T PAST TOP PICK Dec 16, 2024

Excellent bank with international presence. Will continue to own shares. Brand value very strong in Canada. Will continue to buy whenever the share price dips. Balance sheet excellent. Not exposed to the threat of tariffs from the USA. 

Her favourite Canadian bank. Well positioned domestically, US operations will benefit from capital markets activity. HSBC acquisition should increase potential domestically. 

The best Canadian bank.

In his opinion, the only quality banks in Canada are RY and NA. Best run for decades. He's not a huge bull on the Canadian banks, but this is one of the two names he'd buy.

Will benefit from any passive flows given its huge weight in ETFs. A quality company. Is not overly concerned with credit losses.

Value scores 8/10, fundamentals 8/10. King of capital, resilience, and diversified lending. Steady, consistent beats compared to the other Canadian banks. Strong Q1, shrugging off a lot of the rate cut noise. Still sees upside in wealth management and US expansion. Rock-solid balance sheet that can weather any storm.

Slowing mortgage growth, which could continue if Canadian housing slows and tariffs ramp up. Core hold for her on reliability and growth.

The gold standard. Paying a premium valuation for a premium asset. Good opportunity to buy if it came off a bit. Because of its premium status, it's come off less than the others.

Likes the big 5 Canadian banks; all have wealth management, retail, and commercial banking in Canada. This one is among the cream of the crop, over-capitalized, best performer. Rock-solid dividend yield ~4%. Nothing not to like about it. Best in wealth management. Steady dividend growth.

His least-favourite Canadian bank, the most over-valued. Prefers TD because it was beaten up, and BNS for better value. If it's new money, wait till $130-140, though you could buy a small tranche yere.

His big position in Canada. Leader in wealth management. Great capital markets business. Great balance sheet. Very well managed. When you get into a sloppy market, you want to own the best. Thinks you could buy this here, but he's not adding any new positions in anything at all right now.