TSE:RY
Royal Bank (RY.TO)
288.70
+1.14 (0.40%)
as of Nov 11, 2026, 3:09:06 pm Market Open.
1478 watching
Financials 
Technical Analysis 0
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly This bell weather Canadian chartered bank is a TOP PICK. This is the gold standard of assets during periods of uncertainty. The bank has been building reserves to protect against possible loan losses as the economy has slowed. However, its operating margins are improving, which lead to recent earnings beating analyst expectations. It trades at 11x earnings and under 2x book value. It pays a good dividend, backed by a payout ratio under 45% of earnings. We recommend placing a stop loss at $110, looking to achieve $145 -- upside potential over 15%. Yield 4.1% (Analysts’ price target is $143.27)
banks
HOLD
Has a big capital markets operation, as well as strong Canadian wealth management business. Owns and likes this and TD. But he is pausing a few months to see how the consumer does in Q4.
Ryan BushellOwned
banks
PAST TOP PICK
(A Top Pick Jul 20/21, Up 8%) Good to hold in the unstable environment we're in. Diversified earnings profile. Well managed. Yield slightly less than others, a bit under 4%. He'd hold. Not his first choice to buy today. He tends to be a long-term holder of the banks, unless there's a compelling reason to sell.
Michael SprungOwned
banks
TOP PICK
Fantastic compounder. 7th largest bank in the world. Formidable grower, both domestically and overseas. Big capital markets franchise. Dominant wealth and asset management franchise in Canada. Dividend has grown around 8% compound pace over a decade. Digital sophistication. Buy today comfortably. Yield is 4.16%. (Analysts’ price target is $144.04)
Brian MaddenOwned
banks
TOP PICK
Biggest, diversified, capital markets. Well managed. Asset management, which increasingly is the steady-eddy of cashflow. Could go back to its highs without difficulty. Yield is 4.02%. (Analysts’ price target is $144.02)
Rick StuchberryOwned
banks
BUY ON WEAKNESS
Core holding, though sometimes you want more or less exposure. In an economic slowdown, as he expects this year, you want to pare back. He owns RY, TD, BMO, and BAM.A. Each has unique aspects that make for good diversification within the sector. Pullbacks provide an opportune chance to buy, put them away, and collect some income. Strong, sustainable, competitive advantages. Strong compounders over time.
Brian MaddenOwned
banks
TOP PICK
Pays a 4% yield and banks are attractive for income. Banks are good for long term. They bought a small wealth management business from the UK. They raised their dividend 7% last quarter. They still have reserves they've built over time. There is talk of rising rates pressuring the housing market, but there remains a housing shortage in Canada and immigration flow into Canada will also fuel housing demand. So, the banks are well-positioned. Oil and base metals are thriving this year and are another tailwind for the Canadian ecnomy and banks (Analysts’ price target is $144.02)
Christine PooleOwned
banks
PAST TOP PICK
(A Top Pick Apr 15/21, Up 19%) Likes the scale and diversity across its different businesses. One of her favourite banks. Nice core holding for income.
Christine PooleOwned
banks
BUY ON WEAKNESS
RY vs. BNS Broadly, Canadian banks are all driven by the consumer and mortgage market. RY is the premier name in Canada, he owns it at full weight, no plans to sell, not buying for new clients until there's a pullback. Canadian franchise is solid, great capital markets business, good long-term. Forays into US appear solid. One of the lower dividend yields in the space. BNS has one of the highest yields, more focused in Latin America, recent Chilean acquisition still TBD. He owns a small position. His other preference is TD. He's not adding to any of the banks, waiting to see how market digests rate increases and hoping for a market pullback.
Ryan BushellOwned
banks
BUY
Canadian banks exposure to Russian financial system is low.
Company is well positioned for rising interest rates.
One of his largest holdings.
Pays an attractive dividend yield.
Good investment opportunity,
Michael SprungOwned
banks
BUY
Canadian banking in general is good for the long term. Great businesses. One of the best retail franchises in Canada. Large investment banking division that's probably in the top 10 of global investment banks, which adds volatility to earnings. Big spend on asset management globally. At 1.9x earnings, more expensive than the others. He's buying it here. Yield is 3.4%.
Paul Harris, CFAOwned
banks
WEAK BUY
He prefers TD and NA. Banks are flip-flopping right now, based on interest rates and uncertainties about the global banking system. Terrific performance this year. Well run. Lots of capital, so he expects more share buybacks, dividend hikes, and surprise acquisitions.
Barry SchwartzOwned
banks
HOLD
Really likes, but not buying right now as bank valuations have come up significantly. Be patient. The group trades about 12x earnings, which is reasonable. Great income stock. Don't sell if you own it. Reasonable growth profile. Releasing excess capital and buying back shares.
Chris BlumasOwned
banks
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