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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (140617)8/29/2023 3:05:34 PM
From: Goose94Read Replies (2) of 202160
 
Royal Bank of Canada (RY-T) top pick from Brian Madden on BNN.ca Market Call Tuesday August 29th @ 1200ET

Royal Bank is one of the ten largest banks in the world and is soon to become significantly larger, pending the completion of the acquisition of HSBC Canada. With a dominant domestic personal and commercial banking franchise, a top ten global capital markets business and the leading Canadian wealth management franchise rounded out with smaller insurance and investor services and treasury businesses, Royal has a very solid and well-diversified earnings stream. Royal is well diversified by geography with large-scale businesses in Canada, the U.S. and Europe and in various other global financial centres. The bank is a leader in digital banking and AI. It is using its scale to invest heavily in these drivers of long-term competitive advantage. With a dividend yield of 4.5 per cent and with dividends growing at a seven per cent annual rate over the last decade, we see a highly visible path to ongoing sustainable double-digit returns over a cycle, and in fact, the bank has outperformed the S&P TSX Composite in 19 of the last 25 years.

Latest purchase August 2023 at $121.62
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