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Stock impact report

Posthaste: Canadian investors love the Big Six banks more than is good for them, this adviser says [Yahoo! Finance Canada]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
investors need to look across the Atlantic to find the real stars of the financial sector, says one adviser. “The true outperformance story belongs to European financials, which have led the pack on the back of a rising rate environment and restructuring efforts,” Craig Basinger, chief market strategist at Purpose Investments Inc., said in a note. Canadian banks are up approximately 40 per cent on the S&P/TSX composite index in 2025, but those gains pale against the 90 per cent gain by their European counterparts and the 60 per cent gain by bank stocks in the United Kingdom. Financials in the United States are only up 23 per cent on concerns about regional banks and commercial real estate worries. There are a few keys to the European banks' success on the markets this year, including a shifting interest rate environment. “The (European Central Bank)'s bias is increasingly shifting toward a neutral-hawkish stance,” Derek Holt, vice-president of Scotiabank Economics, said in a n Show less Read more
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