just obtain an analyst's comment very horriblehttps://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/01/23/royal-bank-down-on-u-s-toxic-asset-and-charge-worries.aspx
the bank has some toxic asset just like US banks amouting to 25b
as economy deterioates further, more losses and write off would come that affects ry's capital level.
it is a hard time for ry in coming few qtrs.
ry has issue news shares at 35.2 and right now it continue to issue preferred shares at 25/share, not a good sign
assume it may rebound a bit in coming days. still not worth a while to take a long position at the time.