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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.
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