Bullboard - Stock Discussion Forum Royal Bank of Canada T.RY.PR.M

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

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... see more

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TSX:RY - Post Discussion

Royal Bank of Canada > Panic-Proof Portfolio

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Post by retiredcf on Dec 30, 2022 6:57am

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)

$128.710

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