TSE:RY

Royal Bank (RY.TO)

283.28
-1.79 (0.63%)
as of Sep 29, 2026, 8:00:00 pm Market Open.
1480 watching
0
TOP PICK
Market penalized because of earnings. Traditionally traded at a premium to the group but is now trading more in line. Strong franchise in both consumer/wholesale markets. 3rd quarter trading revenues very depressed at $200 million, compared to prior quarters of $1-$1.5 billion. Management guided that $3-$4 billion is more reasonable.
BUY
Has suffered relative to a couple of other banks. Canadian banks are in fantastic shape. Expect to see dividend increases in early 2011.
TOP PICK
Dominant player in retail banking and wealth management. Multiples are reasonable compared to its peers. Will address the problems with their US operations. 3.7% yield.
BUY
Markets are going to be interesting over the next 3 years. When investors are looking at total returns, income is going to play a far more common part in those returns. With the potential of dividend increases, this will be a good support for banks’ prices and there will be some decent gains.
HOLD
Perpetuals that are approaching the purchase price. If rates continue to go up so that yields fall, should they sell? He feels they won't get called. Nice yield that should run for a very long time.
PAST TOP PICK
(A Top Pick Aug 28/09. Up 8.27%.) 6.1% Series AX Bond yielding 5.5%.
TOP PICK
Down from $62-$63 because of negative earnings surprises in the last 2 quarters primarily on their capital market side through acquisition in US and Europe. Has potential to move back up.
SELL
Has not done as well as other banks. Broke below the 200 day moving average and the 200 day moving average turned down, a unique thing among the banks. Wouldn't stay with this one for now.
COMMENT
“In the money” covered calls versus “out of the money” covered calls? On “out of the money” he first all takes a look at X dividend date to see how much dividend he will collect. Looks to pick up 6%-8% over 6 to 8 months. Normally goes out 6 months. Rarely uses “in the money”.
STRONG BUY
His 3rd favourite Canadian bank after National (NA-T) and Bank of Nova Scotia (BNS-T). Looks quite attractive. Good results in retail, commercial and lending. Expects earnings will increase from here. Cheapest of the big 5. Has a $65 target and a dividend increase. 3.8% yield.
COMMENT
2 concerns. They are most highly levered to capital markets but he can live with that. His biggest concern is that they're losing money on their US retail side. This needs some fixing. (See Top Picks.)
TOP PICK
Likes their core business and have owned them for years. Buying below $49. Loan loss provisions are coming down and the key banking part is good.
PAST TOP PICK
(A Top Pick Dec 3/09. Down 8%.) Got this one wrong but still likes. Good dividend.
BUY
(Market Call Minute.) Good time to buy this one. Great company.
TOP PICK
Has under performed and is the only one that is down year to date. Good last year. The stock was over bought when it got up and has now corrected. Is trading in line with the group instead of at a premium, which it used to.
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