What changed
$RY — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $17.4B | EPS $3.90 vs $3.79 🟢
💡 Consensus expects flat NIM and modest loan growth amid housing concerns; our variant view is that RY's capital markets and wealth management units will drive earnings upside, and credit quality remains robust, justifying a higher P/E relative to peers.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 9/10 - dominant Canadian bank with strong capital ratios, diversified revenue streams, and consistent dividend growth.
📊 Valuation: fair — P/E ~13.3x on TTM EPS, above the Big Six average of 11.8x, but below 5-year historical premium of 14.2x; P/B ~1.9x vs peers 1.5x; DCF suggests...
🔮 Catalyst: Analyst upgrades and upward EPS revisions post-earnings beat
💰 Entry: $199.07, stop $189.0, target $219.0
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/RY0616