Royal Bank (RY.TO)

Would recommend buying if stock has a pullback. Chart indicating base strength. Would recommend investing with lower interest rates. 

Best bank in Canada. Not dirt cheap, but that's not necessarily what he looks for. Looks for businesses that are building out with smart moves, such as HSBC purchase. Cashflow is one metric he looks at. Will continue to compound earnings. A buy, even though it's run up.

They lack company-specific problems of other banks, which helps performance. Canadian banks will do okay, because they are an oligopoly. RY's capital business is doing well with high returns. Aren't doing acquisitions, so are not paying for mistakes (like its peers). The smart M&A growth rate is paying. Buy on pullbacks. Is a hold at this price. At 15x PE, the upside is limited.

He rarely sees bank stocks trade at 13 1/2 times this year's expected earnings and Royal bank is trading at this level. It is hard to see earnings grow much higher so it could be time to take some profits. It could do a split since banks don't like to see their stock prices get too high.

Continues to be outstanding by line of business and geographic exposure. Grows dividend at high single-digit pace. Yield close to 4% plus growth at 7-9% gives you good line of sight to grow shareholder returns at a double-digit pace through the cycle.

One of her top bank holdings and a top bank performer in Canada. Pays over a 4% yield. Trades at a premium to peers. Likes their HSBC takeover, which they just absorbed. Good. On track to achieve synergies of $740 million over 2 years; HSBC exposes them to higher-wealth clients.

Her favourite among the Canadian banks. Steady dividend yield of almost 4%. Ranks 8/10.

Yes, a good bank, and recent acquisitions were smart, but they trade at a valuation. He prefers a cheaper one among Canadian banks, like BNS.

HSBC acquisition seemed to go really well. More of a global bank from an investment management point of view, less from domestic retail. Stick with it. You can own more than 1 Canadian bank; at certain times you may just want to own less or more of one or the other.

The breakout around $140 was pretty good news. Want to see it keep making higher highs and higher lows. Could absolutely pull back and probably will. Nothing wrong with this picture, you can continue being in love.

Great company, best bank in Canada and the most diversified. Valuation reflects that, well deserved. Largest weight in his Canadian dividend portfolio for a reason. Canadian banks live and die based on the health of the Canadian consumer. This name has the lowest correlation to that theme, which gives them degrees of freedom that other banks with more consumer-oriented earnings don't have. 

Own it. Should be the first Canadian bank you buy and the last one you sell.

An amazing powerhouse. Doesn't think it will ever give up its #1 spot. Many have tried, all have failed.

Opportunity in Canadian banks, and this is her favoured pick. More revenue coming for all banks in Q4 and 2025 with mortgage renewals. Ranks 8/10 fundamentally, 8/10 on value. Leader among Canadian banks. When it gets too big a position, she takes some profits off the table, and then lets the rest ride.

She owns both. RY has far outperformed TD. RY remains her top Canadian bank. Likes the HSBC acquisition and its wealthy client base, integration has gone well. Though it's outperformed, still her preference.

We don't yet know what ultimate penalties in US will be for TD, its capital base can handle it. There may be a cap imposed on growth. Trading below 9x forward PE, lagged YOY. Stock price already reflecting the bad news. She'll continue to own. Substantial operations in Canada and outside US. Targeting immigration to Canada.

If he was going to own national banks, he'd most likely own RY or NA. And if not, then the ZWB strategy is a good one; covered calls give you more upside; yield's around 7.5%; pretty good income stream.

Not a ton of growth in the Canadian market, and not a ton of growth in Canadian banks. Own them for the income more than upside growth.