gashole
The only reason that the banks' share price has been dipping in recent years is because they kept thinking with a "business as usual mentality."
They thought that lending to oil producers was a safe bet,they didn't see far enough into the future (electric cars.)....now who knows how many of those oil producers will go belly-up and default on those loans.
But the good news with banks is that they can borrow as much money as they want from the federal government at 0% interest..and they are reinvesting much of that cash into highrises and other companies stock..
If you are holding RY then check out their stock holdings,one of their holdings is BMO ,almost 9% of the float (55 Million shares) of BMO's shares are held by RY....and thats just 1 stock.