Royal Bank of Canada T.RY

Paul Harris - BNN - HOLD

[Possibleidiot01]

HOLD

Royal Bank(RY-T)

08/08/2024

 

Expensive relative to peers and yields less.

HSBC acquisition seemed to go really well. More of a global bank from an investment management point of view, less from domestic retail. Stick with it. You can own more than 1 Canadian bank; at certain times you may just want to own less or more of one or the other.

banks

 

$150.060

Owned

[Dibah420]

Yes,  it is expensive!  Yes, it yields less.  But when it comes to performance year after year, there is no comparison.  I believe there was one year RY was not at the top, and it was so long ago that I can't remember which. I've held all the majors for eons, all with drips.  Except one which I sold recently.  Can't complain. Brings to mind an old

[DeanEdmonton]

Spot on! ALWAYS buy the best run two stocks in any Industry. NEVER buy the dog that trades at a discount. LB is discounted for a very good reason.