TSE:RY

Royal Bank (RY.TO)

283.09
-1.98 (0.69%)
as of Sep 29, 2026, 4:56:28 pm Market Open.
1480 watching
0
BUY
He thinks there is probably a lot of upside on the banks here. There is reasonable earnings growth. There is probably good dividend growth. RY had a great turnaround on wholesale and retail numbers. You could buy it right here.
WEAK BUY
The lesson is to buy banks in the penalty box. It is a hold for them and is their third favourite. It is more expensive here than he would like. Nothing wrong with it.
BUY
Canadian Banks: Have all just finished reporting, few increasing in dividends that were unexpected. 8-10% upside potential plus dividends. Would prefer banks to pipelines or telecoms. RY in particular is a bank they like. BMO, TD also held.
COMMENT
(Market Call Minute.) At these price levels, all the banks are starting to look pretty rich. Dividend yields are not bad but don't expect to see tremendous earnings growth or dividend growth above 4%-5%.
PAST TOP PICK
(Top Pick Mar 3/11, Down 7.73%) Continues to like it. Thought they were going to address some of the problem in the US, which they did and should benefit going forward.
DON'T BUY
Not his favourite. Lost a little of their old panache. None of the banks have given much in the way of performance. Yields are okay, but are not spectacular. Banking business is tough right now. Spreads are terrible.
BUY
A lot of the concern that was expressed was well overdone. He is not concerned about any of the chartered banks. Has the largest dividend in Canada and is a pretty well run bank. He considers banks core stocks. They suffered from what has been happening south of the border but they were not affected. It’s a good sign that people are coming back in to the banks.
PAST TOP PICK
(Top Pick Jan 19/11, Up 1.28%)
BUY
Core holding. Has had a descent run. 50% of business is retail and you can only cut costs to increase profits. He is comfortable with it vs. insurance companies.
PAST TOP PICK
(A Top Pick Dec 20/10. Up 8.41%.) Still likes.
DON'T BUY
Why has it taken off so suddenly and what do you think will happen if European financials go down the drain? His model price is $50.28 giving it a negative of 4%-5%. People in US and Canada are looking for yield now so all banks will have some sort of lift because of that. Regarding Europe, we have already seen the results.
HOLD
Seasonal trends tend to be favorable this time of the year. A downtrend was broken. You will probably not get much resistance until $55 so it is a reasonable hold.
PAST TOP PICK
(A Top Pick Jan 6/11. Up 5.54%.) At the time, it had come off and looked quite cheap. Reported a good quarter shortly after and ran but, like all the banks, has pulled back. Good dividend.
BUY
For a long-term hold? Canadian banks have been the best-performing bank stocks globally and this one is our leader. Went through a tough period in 2011. Was in the doghouse most of the year and is now starting to come out. Their US situation is now behind them, rather than ahead of them.
SELL
Done very well the last little while. It is in the period of seasonal strength that us end of October to today. Take profits Tuesday morning.
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