BUY
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

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BUY
Consistent performance, US exposure, fewer leadership risks. He'd choose this over BNS or CM.
banks
PAST TOP PICK
(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
(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
TOP PICK
Banks will be somewhat sensitive to higher rates, but RY has a very diversified earnings base. Management's investing heavily in maintaining lead market share. Though not the best yield in the bunch, dividend very safe, and he expects increases. Safety in this market. Yield is 4.04%. (Analysts’ price target is $139.19)
banks
STRONG BUY
Well-run. The banks bottom out before a recession. RY now trades at an attractive PE. All banks hold a lot of capital because they were building reserves, which will limit the downside. They're in a great position to absorb credit losses.
banks
HOLD
Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.
banks
PAST TOP PICK
(A Top Pick Jul 07/22, Up 1%) He sold down in January, but added over the summer. If the market wants to give us a sale, he takes the sale.
banks
COMMENT
The question was on banks. Recent reports from Canadian banks were mixed but they are good blue chip stocks. Royal Bank has room to go higher next year. The Bank of Nova Scotia has better growth due to their exposure to emerging and Latin American markets which should have a better outlook for the second half of 2023.
banks
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly This bell weather Canadian chartered bank is a TOP PICK. This is the gold standard of assets during periods of uncertainty. The bank has been building reserves to protect against possible loan losses as the economy has slowed. However, its operating margins are improving, which lead to recent earnings beating analyst expectations. It trades at 11x earnings and under 2x book value. It pays a good dividend, backed by a payout ratio under 45% of earnings. We recommend placing a stop loss at $110, looking to achieve $145 -- upside potential over 15%. Yield 4.1% (Analysts’ price target is $143.27)
banks
HOLD
Has a big capital markets operation, as well as strong Canadian wealth management business. Owns and likes this and TD. But he is pausing a few months to see how the consumer does in Q4.
banks
PAST TOP PICK
(A Top Pick Jul 20/21, Up 8%) Good to hold in the unstable environment we're in. Diversified earnings profile. Well managed. Yield slightly less than others, a bit under 4%. He'd hold. Not his first choice to buy today. He tends to be a long-term holder of the banks, unless there's a compelling reason to sell.
banks
TOP PICK
Fantastic compounder. 7th largest bank in the world. Formidable grower, both domestically and overseas. Big capital markets franchise. Dominant wealth and asset management franchise in Canada. Dividend has grown around 8% compound pace over a decade. Digital sophistication. Buy today comfortably. Yield is 4.16%. (Analysts’ price target is $144.04)
banks
TOP PICK
Biggest, diversified, capital markets. Well managed. Asset management, which increasingly is the steady-eddy of cashflow. Could go back to its highs without difficulty. Yield is 4.02%. (Analysts’ price target is $144.02)
banks
BUY on WEAKNESS
Core holding, though sometimes you want more or less exposure. In an economic slowdown, as he expects this year, you want to pare back. He owns RY, TD, BMO, and BAM.A. Each has unique aspects that make for good diversification within the sector. Pullbacks provide an opportune chance to buy, put them away, and collect some income. Strong, sustainable, competitive advantages. Strong compounders over time.
banks
Showing 1 to 15 of 1,443 entries

Royal Bank(RY-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 20

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, 20 stock analysts published opinions about RY-T. 15 analysts recommended to BUY the stock. 0 analysts 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?

20 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 2022-12-02, Royal Bank (RY-T) stock closed at a price of $134.21.