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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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Comment by johnathamiltonon Sep 01, 2017 4:21pm
47 Views
Post# 26649185

RE:RE:RE:RE:RE:Some reality

RE:RE:RE:RE:RE:Some realityI don't see the downside for RY - even if the housing market goes soft, the mortgages are safe. Any highly leveraged housing purchases will be insured - thereby protecting the banks. The bank revenue is highly diversified, so if the mortgage business softens, it will only have a small impact on earnings. The dividend is safe and the P/E is very reasonable. Did it get ahead of itself at $99? absolutely.

It is possible that the hedge funds are shorting RY as a proxy for the Canadian market. Time will tell. If you want to short it without paying the dividend you can buy Puts. I can see it going down to ~$91 to yield 4% but not much lower than that.

Best of luck in your investments!
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