Royal Bank Should Be Able To Offset Weak Mortgage Growth In Canada [Seeking Alpha]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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US:NYSE Investor Relations:
rbc.com/investorrelations/index.html
Company Research
Source: Seeking Alpha
Summary Investment Thesis Royal Bank of Canada ( RY ) [TSX:RY] is one of the two largest banks in Canada in terms of assets. The bank faces the challenge of a mortgage originations slowdown in Canada due to the new B-20 Guideline, but should be able to offset this with net interest margin expansion. The company is also investing in the digital space to make its operations more lean and efficient. However, it is currently trading at a valuation slightly above its 5-year average and the average of its peers. RY data by YCharts Reasons why we believe Royal Bank can do well despite a slowdown in mortgage originations growth Benefits expected from rising interest rates While Royal Bank expects a slowdown in its mortgage originations growth rate in Canada, we are confident that the bank will continue to perform well primarily due to the fact that Canada is now in a rate increase environment. Since mid-2017, Canada has raised its benchmark interest rate
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News
- Royal Bank of Canada: Risks Ahead [Seeking Alpha]Seeking Alpha
- Dr.Bill launches nationwide recognition campaign honouring Canada's dedicated physicians amid rising burnout concernsPR Web
- Australian Inflation Boosts Case for Higher-for-Longer Rates [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Australian Inflation Boosts Case for Higher-for-Longer Rates [BNN Bloomberg (Canada)]BNN Bloomberg
- It's time for tax-burdened Canadians to look beyond domestic stocks and bonds. These ETFs are a good place to start [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
RY
Earnings
- 2/28/24 - Beat
RY
Sec Filings
- 4/25/24 - Form FWP
- 4/25/24 - Form 424B2
- 4/24/24 - Form 424B2
- RY's page on the SEC website