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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 Possibleidiot01on Nov 24, 2023 4:03pm
435 Views
Post# 35752159

Christine Poole -BNN- TOP PICK

Christine Poole -BNN- TOP PICK
TOP PICK

Royal Bank(RY-T)

23/11/2023
Royal Bank
 

Banks are reflecting lots of bad news in the Canadian economy. Likes the HSBC acquisition, should add to long-term growth. Diversified. Attractive multiple around 10.5x earnings, 1.4x book. Loan loss provisions will climb up a bit, but manageable. Banks report next week. Highly regulated industry. Hopes City National in US to stabilize soon. Yield is 4.52%.

(Analysts’ price target is $133.85)
banks
 
$119.370
Owned

Royal Bank (RY - TSX)

 

Royal Bank’s diversified business mix consists of personal and commercial banking (52 per cent of earnings), capital markets (24 per cent), and wealth management and insurance (24 per cent). geographically, Canada accounts for 59 per cent of revenues, the U.S. 25 per cent and international 16 per cent. The stock provides investors with a current dividend yield of 4.5 per cent.



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