Royal Bank of Canada T.RY.PR.M

Primary Symbol: T.RY Alternate Symbol(s): RY | T.RY.PR.J | RBCPF | 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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Post by Possibleidiot01on Nov 04, 2024 5:14pm

103 Views

Post# 36296094

Teal Linde -BNN - PAST TOP PICK

PAST TOP PICK

(A Top Pick Nov 06/23, Up 52%)

It's stable. Good managers. Net interest margins are lighter than their peers, but this is offset by a lower net charge-off ratio, reflecting a high quality loan book. So they can leverage their balance sheet to boost earnings and ROE. Last year's selloff was irrational, so RY stock was ripe for a bounce-back. But shares are high now and he'd look elsewhere. $150 is a good entry point. It's not overvalued at 14x forward, though it's high and pricing in future upside. Shares are due for a breather.

banks

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