2 Canadian Dividend Stocks to Buy on a Pullback [Yahoo! Finance Canada]
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
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Source: Yahoo! Finance Canada
The TSX is likely due for a pullback after rallying 30% in the past year. Investors who missed the surge are wondering which Canadian dividend stocks might be good to buy on weakness for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio. Royal Bank of Canada Royal Bank TSX:RY ) is up more than 55% in the past 12 months. The stellar rally occurred as investors started to move back into top bank stocks after market sentiment shifted from fears of additional interest rate hikes to expectations of interest rate cuts. Interestingly, higher interest rates are normally good for banks due to the larger net interest margins that can be earned. However, the sharp rise in interest rates in Canada and the United States that occurred over such a short period of time also put pressure on borrowers with too much debt. Royal Bank and its peers increased provisions for credit losses (PCL) to prepare for a potential surge in defaults by custom
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News
- RBA Holds Key Rate at 13-Year High as World Waits on US Vote [Yahoo! Finance]Yahoo! Finance
- Teal Linde's Top Picks: UiPATH, TD Bank, and Alphabet [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada designates OBSI as single body for banking complaints [Wealth Professional (Canada)]Wealth Professional
- RBA Set to Hold Key Rate to Counter Sticky Prices, Global Risks [Yahoo! Finance Canada]Yahoo! Finance Canada
- RBA Set to Hold Key Rate to Counter Sticky Prices, Global Risks [Yahoo! Finance]Yahoo! Finance
RY
Earnings
- 8/28/24 - Beat
RY
Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form FWP
- 11/5/24 - Form FWP
- RY's page on the SEC website