TSE:RY

Royal Bank (RY.TO)

290.00
+2.44 (0.85%)
as of Nov 11, 2026, 9:00:00 pm Market Closed.
1478 watching
0
HOLD
(Market Call Minute.) Not so hot. You have various criticisms and banks are a little difficult. Would prefer others.
TOP PICK
People over reacted to missing earnings by a penny. Thinks it will make $5.30 next year which makes it 10x earnings. You get a nice dividend. Has all the things he likes. Reasonable growth prospects, good dividend and balance sheet.
PAST TOP PICK
(Top Pick Jun 20/11, Down 2.95%) He would be a buyer at today’s level. They have a larger exposure to Europe than the other Canadian banks do. Dominate franchise. Underlying value is quite significant. Almost 5% yield.
TOP PICK
Picked because of how it has acted since earnings came out. It is an over reaction. It’s not all macro. When you get a poor quarter it always tends to the mean. You should buy it now on it’s weakness.
COMMENT
(A Market Call Minute.) Above 5% of his portfolio and he is sticking with it.
WAIT
Banks tend to be a little bit soft over the summer from a seasonal perspective. Support level was broken and looks like it might get into $42-$43 range. It might be a Buy later on in the season.
BUY
Good dividend growth over time, but for very long term you could take more risk.
PAST TOP PICK
(A Top Pick June 20/11. Up 2.59%.) Likes banks in general. Their trading in capital markets is a little hard to forecast. Likes that they are in wealth management, which is less sensitive to the capital markets. Increasing their dividends.
BUY
(Market Call Minute.)
DON'T BUY
Fairly staid bank and have corrected nicely. Pays around 4% dividend. Conservative play and not a bad place to be but he would wait before getting in.
HOLD
He likes this bank the best. Has one of the better franchises. Good growth opportunities going forward. 4% dividend looks very well covered and there are opportunities for it to go up.
COMMENT
Preferred Series T maturing in Aug/14? These are a part of the new rate reset preferred shares that came out during the 2008-2009 crises. This one has a 6.25% dividend yield and is trading at a premium. The yield to reset is only around 3%.
WEAK BUY
Has had a healthy recovery from where it was and has come back to being a good performer. He feels Canadian banks are expensive at this time. He’d rather own US banks where the upside potential is better.
TOP PICK
Pretty good valuation. Likes the banks as a group. Royal is the one that can grow the most from a normalizing world. Their wholesale earnings had improved a great deal and hopefully it will repeat going forward. Recent acquisition will be accretive and they got it a really good price.
COMMENT
Preferred Series T bonds maturing Aug/14? They don't actually mature on that date. This is actually a reset date. At that date, they have the right to Call them or reset the dividend at a spread over Canada's. With recent changes in bank regulations, he expects they will be called on that date. Trading at a premium. This will disappear over time. He likes them.
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