BUY
Royal Bank

Dividend yield is pretty good at 4.1%, and it's grown at an 8% compound pace over the last 10 years. Leading personal and commercial banking franchise in Canada. Big presence in US. Should benefit from skittish deposits in Silicon Valley. Top 10 global e-capital markets business. 12% compounded shareholder return over a decade, sees more ahead.

banks
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Royal Bank
(A Top Pick Dec 29/22, Up 1.7%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with RY has triggered its stop at $131.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous buy recommendation, this will result in a net investment gain of 3%.  

banks
HOLD
Royal Bank

800-pound gorilla, dominant bank in Canada. Until today, it's share price has held up the best. It will come back, but it's up to you whether you want to catch the falling knife today. Canadian banks are a protected species. He's not sure there are going to be the anticipated loan losses. 

banks
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Royal Bank
(A Top Pick Dec 29/22, Up 9.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with RY is progressing well.  To remain disciplined, we recommend trailing up the stop to $131 at this time.

banks
DON'T BUY
Royal Bank

Doesn't own any Canadian banks. Scale advantage, favourable regulatory environment. Further competition in the space erodes their moat. If he were to own any banks, the two that stood out when he reviewed their financials 3 years ago were TD and RY.

banks
HOLD
Royal Bank
Canadian banks are in a tough space right now, with slowing economy and housing. RY and TD are the gold standards of banks in Canada, and they trade at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality.
banks
BUY
Royal Bank
Results were pretty good, but then it surprised with HSBC acquisition. Stick with the banks that continue to knock it out of the park. Happy to continue buying. He doesn't foresee a really bad recession in Canada in 2023. Banks can offset a lot of their mortgages. They do have exposure, but it's not as huge as you think. Live and die with wealth management and investment banking operations, so they need the economy to improve.
banks
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Royal Bank
Stockchase Research Editor: Michael O'Reilly We reiterate this Canadian chartered bank as a TOP PICK. If interest rates stay here or go higher, they stand to improve on profitability. If deflation occurs with a slowing economy this is still a good investment based on their longevity and ability to pay good dividends (which were just raised another 3%). Recently reported earnings beat expectations and support a ROE of 15%. We recommend trailing up the stop-loss (from $110) to $123, looking to achieve $145 -- upside over 12%. Yield 4.1% (Analysts’ price target is $144.92)
banks
HOLD
Royal Bank
He still owns. Banking industry is in very good shape in this country. Great dividend yield, trading at reasonable book value. Trouble is that net interest income is being offset by investment banking and such that are doing poorly. Longer term, will do well. Lots of capital to increase dividends or buy back shares. He's comfortable owning at these levels. May have seen a bit of weakness due to the HSBC purchase.
banks
TOP PICK
Royal Bank
Investing in company with recent selloff in the market. Diverse business mix with wealth management, loan growth, commercial banking etc. Recent acquisitions working out well. Current valuation a historical discount (P/E etc.). Loan provisions and capital ratios very strong. Strong dividend with room for growth.
banks
TOP PICK
Royal Bank
7th largest bank in the world, will get bigger with pending acquisition of HSBC Canada. This will up its market share in Canada and increase opportunities for cross-selling internationally. Biggest wealth management player in Canada. Well diversified by line of business and geographically. Dividend grows by high single digits, contributing to good line of sight to low double-digit growth over a cycle. Yield is 4.12%. (Analysts’ price target is $142.34)
banks
BUY
Royal Bank
Wonderful company. Diversified, and they manage all the pieces very well. Strong brand, one of the strongest in the country. HSBC acquisition has mixed reviews, they paid a high multiple but it gives them an advantage over peers. He's not worried the deal won't proceed. Multiple is lower than the market, while the dividend yield is higher. Long term, banks tend to outperform.
banks
BUY
Royal Bank
Consistent performance, US exposure, fewer leadership risks. He'd choose this over BNS or CM.
banks
PAST TOP PICK
Royal Bank
(A Top Pick Nov 16/21, Up 4%) Continues to hold stock (4% dividend yield). Stock has outperformed market relative to peers in segment. Diverse business with wealth management business etc. Expecting dividend to increase slowly. Will continue to hold shares.
banks
PAST TOP PICK
Royal Bank
(A Top Pick Nov 03/21, Up 1%) Dividends are an important part of total return. Though it has a big footprint in the US, better positioned than big US money-centre banks to weather a credit cycle. Dominant wealth management will propel it to outperform Canadian peers in a downturn. Continues to buy.
banks
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Royal Bank(RY-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 24

Stockchase rating for Royal Bank is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Royal Bank(RY-T) Frequently Asked Questions

What is Royal Bank stock symbol?

Royal Bank is a Canadian stock, trading under the symbol RY-T on the Toronto Stock Exchange (RY-CT). It is usually referred to as TSX:RY or RY-T

Is Royal Bank a buy or a sell?

In the last year, 24 stock analysts published opinions about RY-T. 17 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Royal Bank.

Is Royal Bank a good investment or a top pick?

Royal Bank was recommended as a Top Pick by on . Read the latest stock experts ratings for Royal Bank.

Why is Royal Bank stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Royal Bank worth watching?

24 stock analysts on Stockchase covered Royal Bank In the last year. It is a trending stock that is worth watching.

What is Royal Bank stock price?

On 2023-03-29, Royal Bank (RY-T) stock closed at a price of $128.12.