Royal Bank

RY-T

TSE:RY

106.55
0.40 (0.38%)
The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 16 million clients and has 80,000 employees worldwide.
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Analysis and Opinions about RY-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 14, 2020
RY still gained 10% last year despite a sluggish year for Canadian banks. Not bad. They're well positioned in the US (23% of their revenues). Trades at 11x forward PE, a discount from their 10-year average. JPM trades at a higher multiple than RY. RY's earnings growth will be 5%, based on slow, moderate Canadian growth (though she doesn't see a Canadian recession). RY will continue to raise its dividend. (Analysts’ price target is $111.25)
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Royal Bank (RY-T)
January 14, 2020
RY still gained 10% last year despite a sluggish year for Canadian banks. Not bad. They're well positioned in the US (23% of their revenues). Trades at 11x forward PE, a discount from their 10-year average. JPM trades at a higher multiple than RY. RY's earnings growth will be 5%, based on slow, moderate Canadian growth (though she doesn't see a Canadian recession). RY will continue to raise its dividend. (Analysts’ price target is $111.25)
COMMENT
COMMENT
January 8, 2020

CDN Bank shares or ETF? As a porfolio manager, he prefers to use his expertise to pick individual stocks. An ETF gives you the group and no ability to outperform. Canadian banks are favorable over US counterparts he thinks, including the higher yield. He likes BNS and RY. He does not hold much in TD at the moment. He holds about 20% of his portfolio in banks.

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Royal Bank (RY-T)
January 8, 2020

CDN Bank shares or ETF? As a porfolio manager, he prefers to use his expertise to pick individual stocks. An ETF gives you the group and no ability to outperform. Canadian banks are favorable over US counterparts he thinks, including the higher yield. He likes BNS and RY. He does not hold much in TD at the moment. He holds about 20% of his portfolio in banks.

PARTIAL BUY
PARTIAL BUY
January 3, 2020
Time to take profit? It would be beneficial to the banks if interest rates went higher. Canadian banks dealt with higher loan losses last year and M&A activity was down. If that does not materialize again this year, this would be a good entry point.
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Royal Bank (RY-T)
January 3, 2020
Time to take profit? It would be beneficial to the banks if interest rates went higher. Canadian banks dealt with higher loan losses last year and M&A activity was down. If that does not materialize again this year, this would be a good entry point.
BUY
BUY
December 16, 2019

He's still bullish the Canadian banks, though capital appreciation will be tougher based on a weaker earnings outlook. Consumers have borrowed enough with net interest margins tightening. The banks are still good for income investors. RY pays a 4% yield and trades at an 11x PE, and pays a 2-3% earnings growth. Total return over 3-5 years he guesses around 68%. good dividend. Growth is slow, but he sees the banks as inexpensive utilities. BNS, then TD and RY offer the best value.

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Royal Bank (RY-T)
December 16, 2019

He's still bullish the Canadian banks, though capital appreciation will be tougher based on a weaker earnings outlook. Consumers have borrowed enough with net interest margins tightening. The banks are still good for income investors. RY pays a 4% yield and trades at an 11x PE, and pays a 2-3% earnings growth. Total return over 3-5 years he guesses around 68%. good dividend. Growth is slow, but he sees the banks as inexpensive utilities. BNS, then TD and RY offer the best value.

TOP PICK
TOP PICK
December 16, 2019
The big five banks have had their weakest year in terms of earnings since 2016. It is weakening of the credit environment, net contraction of interest margins, especially in the US. The capital markets business has been weak for the banks also. RY-T has an opportunity to come back, if banks do, in a greater way than the others. (Analysts’ price target is $111.31)
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Royal Bank (RY-T)
December 16, 2019
The big five banks have had their weakest year in terms of earnings since 2016. It is weakening of the credit environment, net contraction of interest margins, especially in the US. The capital markets business has been weak for the banks also. RY-T has an opportunity to come back, if banks do, in a greater way than the others. (Analysts’ price target is $111.31)
BUY
BUY
December 4, 2019
Banks are typically sold off this time of year, regardless of earnings reports. Dec.16-March 25 is RY's seasonality. Moving averages are still moving higher. $103 is a key level.
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Royal Bank (RY-T)
December 4, 2019
Banks are typically sold off this time of year, regardless of earnings reports. Dec.16-March 25 is RY's seasonality. Moving averages are still moving higher. $103 is a key level.
Jon Vialoux

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Price
$107.180
Owned
Unknown
COMMENT
COMMENT
December 3, 2019

Will it ever split? Splitting is not a big factor for him. Over the years, the banks tend to split above $100. There's long been talk of CIBC splitting, but they haven't. He'd rather look at the company fundamentals. RY reports tomorrow.

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Royal Bank (RY-T)
December 3, 2019

Will it ever split? Splitting is not a big factor for him. Over the years, the banks tend to split above $100. There's long been talk of CIBC splitting, but they haven't. He'd rather look at the company fundamentals. RY reports tomorrow.

BUY
BUY
December 3, 2019

RY vs. TD He owns more TD, like its American footprint and are getting out of online brokerages which has shrinking margins, so that was a good deal. Both are solid, but we'll see what their earnings are like. RY has 12x forward earnings, while the S&P is 17x--this means a safe margin.

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Royal Bank (RY-T)
December 3, 2019

RY vs. TD He owns more TD, like its American footprint and are getting out of online brokerages which has shrinking margins, so that was a good deal. Both are solid, but we'll see what their earnings are like. RY has 12x forward earnings, while the S&P is 17x--this means a safe margin.

COMMENT
COMMENT
November 22, 2019
A very well-run bank, trading at a reasonable valuation. He finds it a little rich. They haven’t made any real progress in two years. Wealth management business is under pressure of fee-compression. Mortgage growth in Canada has to slow down, and banks and government are in agreement. Loan portfolios will grow slower. It comes down to cost-efficiency and growth elsewhere in the world. He likes TD more or a US bank.
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Royal Bank (RY-T)
November 22, 2019
A very well-run bank, trading at a reasonable valuation. He finds it a little rich. They haven’t made any real progress in two years. Wealth management business is under pressure of fee-compression. Mortgage growth in Canada has to slow down, and banks and government are in agreement. Loan portfolios will grow slower. It comes down to cost-efficiency and growth elsewhere in the world. He likes TD more or a US bank.
PAST TOP PICK
PAST TOP PICK
November 13, 2019
(A Top Pick Dec 04/18, Up 16%) There's a report RY will dip into cryptocurrencies. Well-managed and diverse businesses and geographies. Pays a growing dividend at 7%. Expect consistent low-double digit returns going forward.
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Royal Bank (RY-T)
November 13, 2019
(A Top Pick Dec 04/18, Up 16%) There's a report RY will dip into cryptocurrencies. Well-managed and diverse businesses and geographies. Pays a growing dividend at 7%. Expect consistent low-double digit returns going forward.
HOLD
HOLD
November 6, 2019
He owns this and has for quite some time. It is more sensitive to market moves as it has a large presence in the financial capital market space. So if you are bullish the market it will do better than the other Canadian banks.
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Royal Bank (RY-T)
November 6, 2019
He owns this and has for quite some time. It is more sensitive to market moves as it has a large presence in the financial capital market space. So if you are bullish the market it will do better than the other Canadian banks.
COMMENT
COMMENT
November 6, 2019
Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
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Royal Bank (RY-T)
November 6, 2019
Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
BUY
BUY
October 25, 2019

His favorite Canadian bank is RY. However both RY and BMO are investing in technology, which should allow them to continue growing dividends. No problem buying BMO or RY here.

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Royal Bank (RY-T)
October 25, 2019

His favorite Canadian bank is RY. However both RY and BMO are investing in technology, which should allow them to continue growing dividends. No problem buying BMO or RY here.

HOLD
HOLD
October 25, 2019
He expects a little bump up in the dividend again. The Canadian banks have started to benefit again from a flood into value investing. They do well with technology development as well. A good hold.
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Royal Bank (RY-T)
October 25, 2019
He expects a little bump up in the dividend again. The Canadian banks have started to benefit again from a flood into value investing. They do well with technology development as well. A good hold.
STRONG BUY
STRONG BUY
October 22, 2019
He owns 3 Canadian banks including this. Look at their business mixes to decide which to buy. A diverse mix is good. RY is at a reasonable valuation now. They will likely be part of the Saudi Aramco distribution. Pays around a 3.9% yield. Great to buy in today's environment.
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Royal Bank (RY-T)
October 22, 2019
He owns 3 Canadian banks including this. Look at their business mixes to decide which to buy. A diverse mix is good. RY is at a reasonable valuation now. They will likely be part of the Saudi Aramco distribution. Pays around a 3.9% yield. Great to buy in today's environment.
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