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
TOP PICK
This and Toronto Dominion (TD-T) (See Past Top Picks) are the 2 best managed Canadian banks. At this time, this one is the better pick because of the diversification of its assets and the strong management.
COMMENT
Blew the doors off with their last quarter's earnings. If you own and have doubled, consider taking some profits. Very impressed with this bank. Fair value right now and there is room for the dividend to rise.
TOP PICK
6.1% Series AX Bond yielding 5.5%. Rate reset bond that if the bank or insurance company does not call it back in 5 years, they will either go on for the next 5 years at either a fixed or floating rate, your option. One of Canada's top banks. With the drop in yield, the price should go up.
PAST TOP PICK
(A Top Pick May 5/09. Up 4.25%.) Callable Bond due in 2018 which should be called out in 2013.
BUY ON WEAKNESS
A little bit overvalued and banks could correct here. Overall he doesn't see any significant overall catalyst that is going to bring it down so wouldn't recommend a short position on it.
HOLD
(Market Call Minute) Best of the lot in it’s market place. Sees no calamitis events but tough time moving higher.
BUY ON WEAKNESS
(Market Call Minute.) Prefers the other banks.
BUY
Banks have had a good run. He views them as core holdings and wouldn't be afraid to own them here. Trading at reasonable multiples. There are signs of slowly but surely improvement in the economy. Solid yield.
COMMENT
Canadian banks will make a lot of money on their underwriting. This one has a little bit too much exposure in the US for him. Expecting a reasonably good quarter. Pretty much fully priced. If you own Hold but if not, every portfolio should have a Canadian bank.
BUY ON WEAKNESS
He is under weighted the financials because Canadian banks that are US exposed might be exposed to more bad debt than is thought. If the price gets close to $40 you can buy but don't go roaring after them.
HOLD
Canadian banks have been managing through the cycle considerably better than other global banks. This is the premier, highest-quality bank in Canada. He views Canadian banks as having run too far, too fast and he doesn't find great value in them right now. For a longer-term time horizon you should continue to Hold. Dividends are safe.
PARTIAL SELL
Would take some profits but would keep a little bit in the case of a rebound. Wait for a pullback before buying. If they have bad earnings numbers that would be an opportune time to get in. Good tangible common equity ratio.
PARTIAL SELL
Canadian banks were a screaming buy back in early March when they had yields of 6% plus. They are now up 40%-50%. If you own, consider taking some profits.
DON'T BUY
(Market Call Minute.) This would not be his first choice. There are a couple of others that would have a better valuation.
TOP PICK
Dividend yield of 4% plus. A year from now, the economy is going to be better and we won't be talking about housing prices and loan losses. Earnings are going to start growing. This bank’s wholesale business doesn't get enough credit. Very good upside in the next couple of years.
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