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
DON'T BUY
Ranks 140 in his models. Earnings for their core business was down about 8%. Loan growth has been week. All banks will be challenged between now and the end of the year.
TOP PICK
Wait until we see earnings on Friday. Shed it’s US subsidiary, took a write down, but not a bad one. It was a millstone around the banks neck. It is cheap and dividend (4%) is good. As long as earnings don’t have nasty surprises.
DON'T BUY
There are other banks that are better value at this time. Revenues are very highly leveraged to the capital market so not as stable as you might get in other banks.
HOLD
Not super enthused about the banks right now. There is better yield elsewhere. They are economy stocks and the economy is slowing here. A 2 year horizon is pretty good on this one.
COMMENT
Have had particular issues in their US operations, which has helped weaken stock prices. They've now shed most of that but caused a drag on their Canadian operations side. Not expensive, but he would rather be in other banks.
COMMENT
Convertible preferred? He would be kind of negative on preferreds. This bank is “best in class” along with Toronto dominion (TD-T). Got out of the US retail and are now focusing on wealth management. Not a bad time for purchase of the common shares.
BUY
Generally hasn’t owned or liked Canadian banks, but with the recent pullback, they are starting to represent interesting values here. (He recently bought TD (TD-T).) This one has not had the success in the US like the TD has. With 4% dividend yield, it represents pretty interesting value.
BUY
Has been the laggard in the banking sector because of lack of US exposure. They are abandoning the US market. Has a cloud over it from the perspective of global investment banking. Probably not a bad idea to buy the one that has under performed.
PAST TOP PICK
(A Top Pick July 26/10. Up 0.17%.) Brought along with a lot of financial stocks. Sold off its US retail business, which is good. Yields about 4.2%. Still a Buy.
HOLD
Looking to buy asset managers. This has become quite a profit centre for some of the banks but it also has its volatile aspects. There is a lot of competition in this area. Prefers a domestic business instead, like Toronto Dominion (TD-T) has.
DON'T BUY
Last quarter was a big mess relative to all the other banks, which were basically in line. Relied very heavily on wholesale banking and trading. All volumes were very low, so she doesn't expect it to do well this quarter either. Not an exciting strategy.
DON'T BUY
Banks are generally not acting that well here. This one made a big mistake moving into the US. Their timing was exceedingly poor and where they bought was not very good. It has cost them a lot and has hurt their balance sheet.
COMMENT
Canadian banks have come under a little bit of pressure lately. Have been a safe place to be in the last year or so. Earnings growth is clearly slowing down. Safe and a decent dividend but the earnings are not going to grow. He is probably half of his normal weighting in banks.
PAST TOP PICK
(A Top Pick July 6/10. Up 7.3%.)
DON'T BUY
Don’t worry about the lawsuit in the news recently. They have had some difficulty in the US. They have a spectacular Canadian business. We don’t know where they are going to invest their cash flow in the business now that they aren’t investing in the US.
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