Top 10 Bank Stocks To Buy Right Now

Top 10 Bank Stocks To Buy Right Now: Royal Bank Of Canada(RY)

Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. Its Canadian Banking segment offers personal financial services, business financial services, and cards and payment solutions. The company?s Wealth Management segment provides wealth and asset management, and estate and trust services to affluent and high net worth clients through distributors, as well as directly to institutional and individual clients in Canada, the United States, Europe, Asia, and Latin America. Its Insurance segment provides various life and health insurance, including universal life, accidental death and critical illness protection, disability, long-term care insurance, and group benefits; and property and casualty insurance comprising home, auto, and travel insurance, as well as wealth accumulation solutions; and reinsurance products through retail ins urance branches, call centers, independent insurance advisors and travel agencies, financial institutions, and career sales force. The company?s International Banking segment offers various financial products and services to individuals, business clients, and public institutions in the U.S. and Caribbean. This segment also provides global custody, fund and pension administration, securities lending, shareholder services, analytics, and other related services to institutional investors. Royal Bank of Canada?s Capital Markets segment engages in the trading and distribution of fixed income, foreign exchange, equities, commodities, and derivative products for institutional, public sector, and corporate clients; and involves in investment banking, debt and equity origination, advisory services, corporate lending, private equity, and client securitization businesses. The company was f! ounded in 1864 and is headquartered in Toronto, Canada.

Advisors' Opinion:

• [By Shauna O'Brien]

  Before Friday’s opening bell, Royal Bank of Canada (RY) released its third quarter financial results, which came in higher from last year and beat analysts’ expectations.

  RY’s Earnings in Brief

  RY reported third quarter net income of C$2.297 billion, or C$1.59 per share, up from  C$2.197 billion, or C$1.51 per share a year ago. Excluding special items, earnings were C$2.418 billion, or C$1.62 per share, above analysts’ estimate of C$1.56 per share last year. Revenue increased to C$8.98 billion from last year’s C$7.17 billion. Analysts expected to see revenue of C$8.16 billion.

  CEO Commentary

  RY’s CEO Dave McKay commented: “These results demonstrate the strength of our diversified business model. Our ability to innovate and use capital effectively while managing costs positions us well to execute our client-focused strategy and extend our leadership positions across our key businesses.”

  RY Raises Dividend

  RY reported that it has increased its quarterly dividend by 6% to 75 cents per share.  The company will pay its next dividend on November 24.

  RY Dividend Snapshot

  As of market close on August 21, 2014

  
  

  Click here to see the complete history of RY dividends.

  Royal Bank of Canada shares were up 44 cents, or 0.59% during premarket trading Friday. The stock is up 11.04% YTD.

• [By Will Ashworth]

  Kuchar Sponsor Stock: Royal Bank of Canada (RY)

  Of these five players, Kuchar sits the highest in the 2014 FedEx Cup standings in 15th place. Although he too has missed a cut in nine tournaments played so far, he has managed to finish in the top 10 on six occasions, leading to $1.7 million in winnings leading up to the Masters.

• [By Will Ashworth]

  CM Rating: 7

  Royal Bank of Canada (RY)

  Dividend Yield: 3.9! %

  ! Royal Bank of Canada (RY) is having an excellent 2013. Its adjusted net income for the first nine months of the year through the end of July was up 12.3% to C$6.3 billion, and is expected to grow by 8.7% in Q4 to C$2.2 billion.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-bank-stocks-to-buy-right-now-2.html