What changed
$RY — ADD 📊 | 6 MONTHS THESIS
🎯 latest | Rev $17.4B | EPS $3.90 vs $3.79 🟢
💡 Consensus expects modest NIM recovery and EPS of ~$3.95 next quarter, but we see a path to $4.10+ as deposit costs reprice faster than loan yields. The market is pricing in a "show-me" story; a second consecutive beat will shift perception from peak earnings concern to sustainable growth.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 8/10 - Royal Bank is a top-tier Canadian bank with a dominant domestic retail franchise, leading capital markets platform, and conservative risk culture. ROE >15%, 30-year dividend growth streak, and strong capital ratios underpin resilience.
📊 Valuation: fair — P/E of 12.9x on annualized EPS, P/B ~1.9x, dividend yield ~4%. Relative to 5-year historical P/B range of 1.6–1.8x and peer group, the stock...
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/RY0620