Panic-Proof Portfolio TOP PICK
Royal Bank(RY-T)
28/12/2022 at 07:00pm
Stockchase Research Editor: Michael O'Reilly We reiterate this Canadian chartered bank as a TOP PICK. If interest rates stay here or go higher, they stand to improve on profitability. If deflation occurs with a slowing economy this is still a good investment based on their longevity and ability to pay good dividends (which were just raised another 3%). Recently reported earnings beat expectations and support a ROE of 15%. We recommend trailing up the stop-loss (from $110) to $123, looking to achieve $145 -- upside over 12%. Yield 4.1% (Analysts’ price target is $144.92)
Banks
The Panic-Proof Portfolio (Stockchase Research)
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