Bullboard - Stock Discussion Forum 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

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... see more

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Royal Bank of Canada > Darren Sissons - BNN - TOP PICK

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Post by Possibleidiot01 on Feb 09, 2024 8:05pm

Darren Sissons - BNN - TOP PICK

Royal Bank of Canada (RY TSX)

The dividend, currently yielding 4.2 per cent, has risen at an average annual rate of 7.8 per cent for a decade. The buyback program has averaged around one per cent per year over five years. Inflation remains above target so interest rates will remain higher for longer. NIM (net interest margin) will therefore continue to benefit from higher rates. The bank is well capitalized and should credit losses spike, there is ample capital to manage through a weak economy or recession.

TOP PICK

Believes interest rates will be higher for longer which will increase profits. Dividends combined with share buybacks creating shareholder return. Good for long term investors. Not concerned about mortgage stress with higher interest rates. Baby boomers leaving work force creating job opportunities. Doesn't think US Fed will raise rates too high (crush consumers).

Financial Services

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