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
WAIT
Would not be that comfortable with the financials. The first stop point is not too far away from where we are here.
DON'T BUY
We had a mixed bag of earnings. Banks were doing well in retail. Wholesale did not have a lot of IPOs. On a long-term basis. They are all selling on about 11 times forward earnings. Would prefer a different bank right now.
SELL ON STRENGTH
Usually it is strong from end of January until end of May. This year technicals are not so good. Technical breakdown caused it to break through support level. It is so over sold now that it is now due for a bit of a bounce over the next week or two. Next strength period is typically end of September to end of November.
WAIT
Very strong retail franchise and didn't get into too much trouble with regards to US businesses. Took advantage of opportunistic purchases in the US. Long-term, a good place to be. A little concerned about Cdn real estate market and would wait for a lower entry point.
HOLD
Preferred A perpetual shares. Preferreds are looking relatively cheap. Perpetual is tough as he thinks rates are going to rise. Have already fallen off when long bonds haven't. 6% yield equals an 8% tax equivalent.
BUY
Short term, stock may go lower because Canadian banks in general have been on such a great run and making key US acquisitions may slow their earnings growth. For a long-term Buy there aren't too many companies globally that are better run.
PAST TOP PICK
(A Top Pick May 12/09. Up 40.87%.) His favourite. Number of compelling reasons to own banks right now. Good dividend yields and you have a better option of getting better earnings/growth over the next few years.
HOLD
Some of the downside risks could be increased because of regulatory rules and changes on how they operate. This one has a great balance sheet. Chart shows at doing extremely well but wonders if there will be a bit of a pause in some of the banks.
COMMENT
Trades at about 13X earnings and 2X Book. Fully priced at this time. Expecting dividend increases this fall.
PAST TOP PICK
(A Top Pick April 3/09. Up 54%.) Wouldn't chase this one at this price.
PAST TOP PICK
(A Top Pick March 2/09. Up about 10%.) 4.58% Bond callable 2012. If he still owned it, he would be looking to get out of it now.
BUY
Expect banks to move higher over the long term. In the short term there could be backing and filling. Fantastic domestic franchise.
HOLD
Banks normally sell mortgages to the CMHC. Terrific bank. Number 3 on his list due to valuation. CIBC would be number 1 for new money.
HOLD
(Market Call Minute.) Like all the other major banks, you should hold this one forever.
BUY
Likes the banks. This one looks really good and is very close to its all-time record highs of the $60 level. Getting near to this again. $60 will be a bit of the resistance point but there should be a couple of dollars left in this. Would be surprised to see a drop below $56.
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