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 richc3on Aug 25, 2015 3:53pm

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Post# 24050204

RE:RE:RE:RE:Will it slide at the close?

Miran wrote:
The China thing isn't going away overnight. I sold my banks over a month ago, so I hoping to see RY drop to th mid 60's before I jump back in.

You're right that it won't go away overnight, but I also don't think it'll realize so hastily either -- at least on World markets. I'm leaning towards a more gradual decline over a period of months. As it pertains to RBC, I think there's still "money in the bank" to be made here with the strength of their US unit and assuming we avoid a technical recession in Canada. I assume we'll get some insight with the ER tomorrow, but as I said BMO had around a 6% boost in profits.

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