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
Financials 
Technical Analysis 0
DON'T BUY
A number of things that have driven earnings gains in the past are probably not there going forward. Banks became very over owned and never will likely be a multiple contraction going forward. He has very limited holdings in financials.
David BurrowsOwned
banks
HOLD
His 2 picks in Canadian banks would be Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T). The issue he has with them is that the charts show them right up against the long-term trend. Things are not getting a lot better out there and he doesn't know how they are going to make a lot of money. Will probably be a sideways trade for some time. 4.3% yield.
SELL
Would consider taking profits as the banks have gone up on declining volume. Charts of Canadian banks shows volumes were highest at the bottom of the stocks. As the stocks have been going up, the volumes have been going down. Also big US exposure and commercial loan exposure is there. Credit card debt could be a problem.
banks
BUY ON WEAKNESS
With the latest run he sold part of his holdings. Best in class company but would wait for a 10% drop.
Paul Gardner, CFAOwned
banks
BUY
(Market Call Minute.) One of his 3 favourite banks. The other 2 are Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T).
Gavin GrahamOwned
banks
BUY ON WEAKNESS
(Market Call Minute.) Thinks the banks are going to trade in a trading range so would wait for a pullback closer to $40.
Rick StuchberryOwned
banks
BUY ON WEAKNESS
COMMENT
He bought about a month ago and has been selling over the last 2 weeks. Financials had a pretty good run off the bottom. 2nd quarter earnings are coming up in the next couple of weeks and he wants to stand back and let the normal seasonal effects take hold.
Sandy McIntyreOwned
banks
TOP PICK
TOP PICK
Callable Bond due in 2018 which should be called out in 2013. If it doesn't get called out, it will float. Great hedge against inflation. Yields close to 4%.
Randy LeClairOwned
banks
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