TSE:RY

Royal Bank (RY.TO)

290.32
+2.76 (0.96%)
as of Nov 11, 2026, 8:05:09 pm Market Open.
1478 watching
0
BUY
Believes this stock will split soon. Also due for a dividend increase. This stock had been oversold and never deserved to be under $60. Might be a little bit overbought right now. Expecting pretty good earnings.
WEAK BUY
No longer a mispriced asset. The model price is $79.63. Would prefer Toronto Dominion (TD-T), National Bank (NA-T) or Bank of Montreal (BMO-T) because there are wider differentials between the stock prices and his model prices.
HOLD
Probably a split coming. Feels the stock is a little overpriced. Yield is now below that of the other banks. A premier bank and one of the best run in North America. US operation is showing some improvement.
DON'T BUY
In the last couple of year, was a poor absolute and relative performer to the other banks. Last quarter was good. Stock jumped up and has now been sideways/up a little bit and people are wondering if there is follow through to that. Would trade it in for another bank stock such as National (NA-T) Bank of Montreal (BMO-T) or a life insurance company.
BUY
Top 3 choices in banks for the long term would be Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T). Where this could be wrong is if the Bank of Montreal (BMO-T) gets taken over at some point and it would be thw big winner. Canadian Imperial Bank of Commerce (CM-T) is not particularily cheap right now.
BUY
Had a pop a few months ago because they started to post some better profit growth again. Was the weak sister of the banks over '01 & '02. Has a very high ROE level at 18%. Recent growth rate is very strong which means it is probably going to deliver some positive earnings surprises.
BUY
Canadian banks continue to offer good value on a medium time frame. If we were to see a rapid ratcheting up of interest rates, they would be vulnerable, but this is not expected. The banks offer reasonable value here.
BUY
Banks are the cheapest in the financial area based on 12.2 to 12.8 X price earnings.
BUY
Likes Bank of Nova Scotia (BNS-T), National Bank (NA-T) and Royal (RY-T) better than CIBC (CM-T) which has chronically one of the worse performing of the Canadian banks. They are more profitable, better organized and more efficient.
DON'T BUY
What happens in the US ultimately works its way into the Canadian market. US banks are having a very difficult time and are down about 7% year to date. Canadian banks have had good yield support, but they really are not making a lot of headway. They are basically trading sideways.
DON'T BUY
Bank stocks are starting to top which is not surprising. The bull market started in 2002 and we are 2 1/2 years into the bull market. That's usually the time bank stocks start to move down.
DON'T BUY
Doesn't like the banks. They have just come off 52 week highs. Historically they always give you a chance to buy at some point and he is going to wait with his hands open at prices he is willing to pay. Wait until they get ugly.
BUY
Using P/E ratios, banks are among the cheapest in the financials. Bank of Montreal (BMO-T) and Bank of Nova Scotia (BNS-T) are the cheapest followed by Toronto Dominion (TD-T) then by Royal (RY-T) and CIBC (CM-T). His favourite is Toronto Dominion. Michael Sprung, of his firm, likes Bank of Nova Scotia and CIBC.
BUY
Prefers Toronto Dominion (TD-T) which has made a lot of good strategic moves with their amalgamation of Canada Trust and acquisition of Bank North in the US. Royal looks like it has finally turned around and was under owned.
PAST TOP PICK
(A Top Pick Jan 4/05. Up 14.5%.) Happened quicker than he expected. Now it's averaged value and you need follow through. Not trading at a premium yet, and doesn't deserve it. Can probably see high $70's in a year.
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