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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (110418)	7/20/2021 1:57:23 PM
From: Goose94	Read Replies (2) \| Respond to of 202211

Royal Bank of Canada (RY-T) top pick from Michael Sprung on BNN.ca Market Call Tuesday July 20th @ 1200ET The Royal Bank is Canada's largest financial institution with a market capitalization around $180 billion. The scale of the bank is an advantage in mass-market banking. Management is intent on maintaining their lead and improving market share through investing heavily in technology and its distribution network. Investment is also being directed towards retail growth in the United States. As these investments payoff, the bank should benefit from positive operating leverage leading to greater profitability and future dividend increases. The bank has paid a dividend every year since 1870. As capital restraints are eased following the pandemic, dividend increases and/or share buybacks are likely to recommence. While not the highest, the current yield of 3.4 per cent is attractive and longer term capital appreciation should accrue to patient investors.