Hmmm...was this a profit?Yeah, I'm being sarcastic...but unless the evil empire is fudging numbers, it looks like RBC just made 1.05 BILLION dollars for Q1. PROFIT. Nearly every single one of their business lines showed improved earnings and what ones didn't certainly didn't lose ground at the rate that some had feared.
This is now two banks in a row reporting excellent first quarters, topping expectations...and you be certain that the next three will also be positive even if they don't surprise anyone. All the time and breath wasted here about the impending collapse of Canadian financials is time and breath the trolls will never get back.
I have no idea where RBC share prices will be in the short term, but I think it's safe to say that no one who is invested in them today is going to lose their life savings or be forced to pick out a nice cardboard box to live in. The media have done their best to stir the pot and the Globe even tried to put negative spin on TD's results yesterday, but mark my words - before the end of this year, anyone invested in financials or in oil/gas large caps is going to be sitting pretty.
And guys, I am taking advantage of the IGNORE feature, and yeah, it's nice to see this Bullboard cleared of spam.