Royal Bank

RY-T

TSE:RY

126.68
0.72 (0.57%)
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.
More at Wikipedia

Analysis and Opinions about RY-T

Signal
Opinion
Expert
Chart
HOLD
HOLD
October 28, 2020
When you invest in the banking sector, you want to see organic growth in terms of loans. On capital market side, you want to see good and solid profitability. In this environment, the capital market side has done well. Organic loans have not done so well. Overall, Canadian banks are doing well on loan provisions. Sector is a hold right now. If you had to choose one, Royal Bank would be the one.
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Royal Bank (RY-T)
October 28, 2020
When you invest in the banking sector, you want to see organic growth in terms of loans. On capital market side, you want to see good and solid profitability. In this environment, the capital market side has done well. Organic loans have not done so well. Overall, Canadian banks are doing well on loan provisions. Sector is a hold right now. If you had to choose one, Royal Bank would be the one.
Andrey Omelchak
Price
$92.910
Owned
Unknown
TOP PICK
TOP PICK
October 14, 2020
Large, diversified. Fee-based business is less sensitive to shrinking net interest margin. Conservative provisions for loan losses. Payout ratio is about 56%, and will lessen next year. Attractive valuation. Earnings will grow again next year, giving you nice capital appreciation and dividend yield. Yield is 4.45%. (Analysts’ price target is $106.39)
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Royal Bank (RY-T)
October 14, 2020
Large, diversified. Fee-based business is less sensitive to shrinking net interest margin. Conservative provisions for loan losses. Payout ratio is about 56%, and will lessen next year. Attractive valuation. Earnings will grow again next year, giving you nice capital appreciation and dividend yield. Yield is 4.45%. (Analysts’ price target is $106.39)
Christine Poole
Price
$97.300
Owned
Yes
BUY
BUY
September 14, 2020
It has a great dividend yield. The risk on all these companies is that their loan loss book gets worse. They deferred a lot of payments on loans. It has a great retail franchise but they grew their investment banking side. He thinks you are fine owning it at these levels.
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Royal Bank (RY-T)
September 14, 2020
It has a great dividend yield. The risk on all these companies is that their loan loss book gets worse. They deferred a lot of payments on loans. It has a great retail franchise but they grew their investment banking side. He thinks you are fine owning it at these levels.
Paul Harris, CFA
Price
$97.180
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 11, 2020
(A Top Pick Aug 13/19, Up 1%) Her favourite bank among the Canadians. Still holds it. RY was the most conservative in their loan loss provision last quarter. They have more cushion than their peers and their capital position is the strongest. She likes their asset and geographic mix; 30% comes from fee-based income that'll protect them as net interest margins continue to shrink. It pays a 4.5% dividend, which is safe. The payout ratio is 60% which is only slightly higher than their usual target. RY lags the market, but is reasonably valued. She's happy to own it.
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Royal Bank (RY-T)
August 11, 2020
(A Top Pick Aug 13/19, Up 1%) Her favourite bank among the Canadians. Still holds it. RY was the most conservative in their loan loss provision last quarter. They have more cushion than their peers and their capital position is the strongest. She likes their asset and geographic mix; 30% comes from fee-based income that'll protect them as net interest margins continue to shrink. It pays a 4.5% dividend, which is safe. The payout ratio is 60% which is only slightly higher than their usual target. RY lags the market, but is reasonably valued. She's happy to own it.
Christine Poole
Price
$96.230
Owned
Yes
BUY
BUY
July 28, 2020
RY vs. a US bank Banks are grappling with how bad mortgage defaults will be, and how much longer will Ottawa support the economy? All the banks have aggressively built their reserves against bad loans. Traditionally, Canada has more safeguards in place before than America to prevent mortgage defaults. But many are unemployed in Canada now. When wage support stops here, homeowners will have trouble paying their loans. But most Canadian banks are insured by CMHC (that's one safeguard). which will cover such defaults. Given all this, he doesn't feel that Canadian banks are overly exposed to mortgage defaults and doesn't feel the banks are dangerous to own now.
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Royal Bank (RY-T)
July 28, 2020
RY vs. a US bank Banks are grappling with how bad mortgage defaults will be, and how much longer will Ottawa support the economy? All the banks have aggressively built their reserves against bad loans. Traditionally, Canada has more safeguards in place before than America to prevent mortgage defaults. But many are unemployed in Canada now. When wage support stops here, homeowners will have trouble paying their loans. But most Canadian banks are insured by CMHC (that's one safeguard). which will cover such defaults. Given all this, he doesn't feel that Canadian banks are overly exposed to mortgage defaults and doesn't feel the banks are dangerous to own now.
David Baskin
Price
$93.400
Owned
Unknown
BUY
BUY
July 17, 2020
He tends to like all the banks at this juncture. They were slaughtered back in March based on reduced earnings forecasts. The upside for RY is still good. He would not be surprised to see all the banks break higher. He sees a target of $123 for this bank.
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Royal Bank (RY-T)
July 17, 2020
He tends to like all the banks at this juncture. They were slaughtered back in March based on reduced earnings forecasts. The upside for RY is still good. He would not be surprised to see all the banks break higher. He sees a target of $123 for this bank.
Ross Healy
Price
$95.760
Owned
Unknown
BUY
BUY
July 8, 2020

Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.

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Royal Bank (RY-T)
July 8, 2020

Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.

Chris Blumas
Price
$92.470
Owned
Yes
HOLD
HOLD
June 26, 2020
Over the long term, Canadian banks are great investments. In the short term this is some uncertainty, but RY has a great brand. They have grown the global investment banking franchise and into wealth management he expects this to continue.
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Royal Bank (RY-T)
June 26, 2020
Over the long term, Canadian banks are great investments. In the short term this is some uncertainty, but RY has a great brand. They have grown the global investment banking franchise and into wealth management he expects this to continue.
Paul Harris, CFA
Price
$93.170
Owned
Unknown
WEAK BUY
WEAK BUY
June 16, 2020

He's starting to nibble at TD. This and RY are the top two Canadian banks. But in a low-interest rate environment, it'll be hard for them to make money.

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Royal Bank (RY-T)
June 16, 2020

He's starting to nibble at TD. This and RY are the top two Canadian banks. But in a low-interest rate environment, it'll be hard for them to make money.

PAST TOP PICK
PAST TOP PICK
June 11, 2020
(A Top Pick Jun 13/19, Down 8%) It is the biggest bank in Company. He continues to like it. It has a big footprint globally. Their wealth management is the largest of its kind in Canada. It grows about 7 or 8% each year. He is pretty comfortable continuing to own it.
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Royal Bank (RY-T)
June 11, 2020
(A Top Pick Jun 13/19, Down 8%) It is the biggest bank in Company. He continues to like it. It has a big footprint globally. Their wealth management is the largest of its kind in Canada. It grows about 7 or 8% each year. He is pretty comfortable continuing to own it.
Brian Madden
Price
$93.240
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
June 8, 2020
There is no news to account for the move. In the last three weeks the banks have been on fire but they could be running out of steam. He hopes prices come off so he can do some buying. Three months from now we will get a whole lock-down quarter and that will be more significant.
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Royal Bank (RY-T)
June 8, 2020
There is no news to account for the move. In the last three weeks the banks have been on fire but they could be running out of steam. He hopes prices come off so he can do some buying. Three months from now we will get a whole lock-down quarter and that will be more significant.
Norman Levine
Price
$96.800
Owned
Unknown
COMMENT
COMMENT
May 26, 2020

Among the Canadians, RY, TD and NB are trading at small premiums to book value. These are solid choices with decent loan books. Canadian consumers have heavy debt and that is a problem, and this risk will rise as this slowdown continues. Can the banks long-term sustain their dividends? The banks are allowing customers to defer some payments, though, so they are "team players" but long-term there is a concern.

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Royal Bank (RY-T)
May 26, 2020

Among the Canadians, RY, TD and NB are trading at small premiums to book value. These are solid choices with decent loan books. Canadian consumers have heavy debt and that is a problem, and this risk will rise as this slowdown continues. Can the banks long-term sustain their dividends? The banks are allowing customers to defer some payments, though, so they are "team players" but long-term there is a concern.

WAIT
WAIT
May 22, 2020
The uncertainty around bank stocks are only up about half of the general market from the March lows. There are credit concerns and fears of write-downs. He would advise to wait to see how earnings shake out. The dividend is pretty safe as the group payout ratio is only about 71%. The banks will have to prove to stakeholders they have compassion on loan forgiveness. Starting March 26 the banks will begin to show earnings.
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Royal Bank (RY-T)
May 22, 2020
The uncertainty around bank stocks are only up about half of the general market from the March lows. There are credit concerns and fears of write-downs. He would advise to wait to see how earnings shake out. The dividend is pretty safe as the group payout ratio is only about 71%. The banks will have to prove to stakeholders they have compassion on loan forgiveness. Starting March 26 the banks will begin to show earnings.
HOLD
HOLD
May 4, 2020

Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.

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Royal Bank (RY-T)
May 4, 2020

Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.

Barry Schwartz
Price
$84.480
Owned
Yes
BUY
BUY
May 1, 2020

TD vs RY? He owns both. For the near term he slightly favours RY. Both are core holdings for them. He likes RY as they have a larger capital marketing business. This will help them as the retail side will lag for the next while. Volatility in capital markets will help their results. TD Ameritrade is in a price war for commissions in the US. You could buy both, right here, right now.

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Royal Bank (RY-T)
May 1, 2020

TD vs RY? He owns both. For the near term he slightly favours RY. Both are core holdings for them. He likes RY as they have a larger capital marketing business. This will help them as the retail side will lag for the next while. Volatility in capital markets will help their results. TD Ameritrade is in a price war for commissions in the US. You could buy both, right here, right now.

Brian Madden
Price
$85.630
Owned
Yes
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