Royal Bank of Canada T.RY.PR.H

Primary Symbol: T.RY Alternate Symbol(s): T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF | RBMCF | RBCPF | RY | T.RY.PR.J | T.RY.PR.M

Financial Services

Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.

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Royal Bank of Canada

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Post by Possibleidiot01on Feb 09, 2024 8:05pm

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Post# 35873393

Darren Sissons - BNN - TOP PICK

Royal Bank of Canada (RY TSX)

The dividend, currently yielding 4.2 per cent, has risen at an average annual rate of 7.8 per cent for a decade. The buyback program has averaged around one per cent per year over five years. Inflation remains above target so interest rates will remain higher for longer. NIM (net interest margin) will therefore continue to benefit from higher rates. The bank is well capitalized and should credit losses spike, there is ample capital to manage through a weak economy or recession.

TOP PICK

Believes interest rates will be higher for longer which will increase profits. Dividends combined with share buybacks creating shareholder return. Good for long term investors. Not concerned about mortgage stress with higher interest rates. Baby boomers leaving work force creating job opportunities. Doesn't think US Fed will raise rates too high (crush consumers).

Financial Services

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