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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.


TSX:RY - Post by User

Royal Bank of Canada
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Post by stockbroker4on Sep 28, 2009 12:50pm
461 Views
Post# 16344031

I don't get it

I don't get itA few months ago, I asked if it was time to sell Royal Bank as my mom bought it a little over $50 just before the crash and has seen it go down to $26 and all the way back to $53. Well, she did sell half, and in my wildest dreams I could not have imagined that this stock would be trading at $58.

Am I stoopid, or is this going to be a Mother of all bubbles? These bank stocks are trading at record PE. I just don't get it. Where is the growth? Is hyperinflation comming? WTF is going on?

These are honest questions. I am not a gold/commodity/whatever cheerleader, I just don't get these crazy valuations for something that should be a conservative investment.

IMO, this rally is a complete joke.
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