Royal Bank of Canada T.RY

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

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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Comment by yachtproon Aug 21, 2008 1:44pm

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Post# 15401346

RE: 300-600 million Write down Expected

I believe that RBC is probably "underselling" their estimates week so they can "overdeliver" next week when they release their 3rd Qtr losses and may be setting up to out-perform their current estimates. You may consider that to be optimistic but hey that's what i'd do in their position. I'll stay long on Banks thanks...as long as it takes! BTW do you take a positive outlook on anything other than soaring gold prices and bashing Banks?

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