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

To: Goose94 who wrote (114013)	11/3/2021 5:35:09 PM
From: Goose94	Read Replies (2) \| Respond to of 202178

Royal Bank of Canada (RY-T) top pick from Brian Madden on BNN.ca Market Call Wed Nov 3rd @ 1200ET Royal Bank is one of the ten largest banks in the world. 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/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 in AI and is using its scale to invest heavily in these drivers of long term competitive advantage, with the goal of attracting, by itself and with its’ affinity partners, an additional 2.5M new Canadian banking clients by 2023. With a dividend yield of 3.3 per cent and with dividends growing at a 7 per cent annual rate over the last decade, we see a highly visible path to sustainable double digit returns, particularly as the OSFI restrictions on dividend increases are lifted.