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

Alternate Symbol(s): RY | T.RY.P.H | RBCPF | T.RY.P.J | T.RY.P.M | T.RY.P.N | T.RY.P.O | T.RY.P.S | RYLBF

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 > Analyst Comment

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Post by retiredcf on Jan 25, 2023 3:21pm

Analyst Comment

COMMENT

Canadian banks.(A Commentary)

25/01/2023

Canadian banks. Canadian banks are in a tough space right now, with slowing economy and housing. That will affect CM and BNS more. RY and TD are the gold standards of banks in Canada, and they trade at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality. He owns BMO, a nice happy medium. If you're a long-term investor, can't go wrong with TD either. New BNS CEO starts in February, and questions remain on this.

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Jamie Murray

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