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Royal Bank

The support level is at $119 which would be a good buying opportunity. It should get back to the mid $120's by the end of the year. Set your stop loss at $113. CIBC and TD are his big bank holdings. Prices will be affected by positive inflation and interest rate news.

banks
TOP PICK
Royal Bank

Banks are reflecting lots of bad news in the Canadian economy. Likes the HSBC acquisition, should add to long-term growth. Diversified. Attractive multiple around 10.5x earnings, 1.4x book. Loan loss provisions will climb a bit, but manageable. Banks report next week. Highly regulated industry. Hopes City National in US to stabilize soon. Yield is 4.52%.

(Analysts’ price target is $133.85)
banks
BUY ON WEAKNESS
Royal Bank

An excellent company and buying pullbacks is a fine strategy. They're diversified geographically, in business (personal and commercial banking here and the US), dominant wealth management franchise in Canada, and have grown their dividend 7% compounded over the last decade. Now pays under 5%. You're paid to wait. Expect a double-digit return over a cycle.

banks
TOP PICK
Royal Bank

The price per book is just over 1.5 down from an average of 1.8 over the past 10 years. The book value has increased for 29 years in a row, It is rare to be able to buy it at less than 10X earnings where it is now.     Buy 10  Hold 6  Sell 1

(Analysts’ price target is $134.83)
banks
BUY
Royal Bank

Try RY for wealth management, or TD for US retail banking. His preferences in the space, and he owns both.

banks
BUY
Royal Bank
Outperformed its peers over 5 years

Hands-down is the best Canadian bank.

banks
WAIT
Royal Bank

Trades at a premium. More growth for 2024 than the others. Benefit of HSBC transaction. Great wealth builder over time, but there are better opportunities in the market right now. He'd step in at 5-10% lower.

banks
PAST TOP PICK
Royal Bank
(A Top Pick Dec 15/22, Down 5%)

"Baby with bathwater." Net interest margin compression, credit provisions picking up. Credit cycles follow interest cycles like night follows day. Nothing likely to derail the dividend, verging on 5% and growing at 7-8%. HSBC acquisition will cement leading position further in Canadian banking.

banks
BUY
Royal Bank

He's no trader, but a long-term investor. Perhaps the best of the Canadian banks, which are hated now because bonds are safer and pay high yields. This will change. Eventually, people will see that banks offer growth and pay dividends. 

banks
BUY
Royal Bank

Banks have performed poorly this year. Great dividend yield. Fears of recession are real, but won't be hurt too badly in mortgage market. Not expecting a big increase in non-performing loans. Loan books are in great shape, as regulations result in bigger risks shifting to non-bank lenders.

banks
BUY
Royal Bank

Still likes Canadian banks, even with the pullback. Positioned well defensively. Great dividends that aren't going anywhere, even as the stock price fluctuates. A preference for her in the space, based on valuation and potential upside. Over the long run, more consistent and less volatile. 

banks
TOP PICK
Royal Bank

Canada's top bank, leading in digital adoption like AI to drive growth.  Pays a 4.5% dividend, growing 7% compounded over the past decade. He forecasts a double-digit return in the coming decade. RY has outperformed the TSX in the last 19 of 25 years.

(Analysts’ price target is $138.52)

banks
TOP PICK
Royal Bank

Good time to purchase shares with price down.
Recently beat analyst expectations on quarterly report.
Able to grow loan book last 1-2 years despite interest rate hikes.
Gaining market share in GIC market.
HSBC acquisition hoping to close in 2024 - good for business.
Will benefit from inflow of immigration into Canada. 

banks
BUY
Royal Bank

Least volatile of them all. Spits out its dividend, stock's always going up. Good time to buy. Not hugely risky, but make sure it stays above $118 or start reducing. Downside potential is $108-109, so size your position according to that.

banks
HOLD
Royal Bank

Owns shares in Canadian Dividend fund.
Cream of the crop in Canadian banks.
Trading at higher valuation.
Not concerned about interest rates (will charge higher fees if rates go up).
Strong franchise value.
Growing Canadian population will fuel business. 

banks
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Royal Bank(RY-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 19

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 26

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, 26 stock analysts published opinions about RY-T. 19 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?

26 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 2023-12-06, Royal Bank (RY-T) stock closed at a price of $123.83.