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Opinion on  Royal Bank of Canada (RY)     Sector: Financial  >  Industry: Regional Banks
Leader & Possible White Knight

Jul 11, 2008 04:14 AM GMT
Intelligence
Return Risk
-16.07% LOW
Sr. Analyst

Will RY jump in and save a US Bank's day??
They were mentioned when Lehman was having a bad week.  Unlikely to go there more likely a regional bank buyer Suntrust, BBT, Regionals or if you really really reached Wachovia??  All four of those are good companies in a rough market that may find themselves needing cash or having a stock price that is just so cheap RY can't resist since they have lost 65%+ from their highs.

 


RY:  This call was made on 07/11/08 @ $42.01
Rating:   Positive   $42.01 (07/11/08)
Closed:   07/15/2008 @ $40.91 (-2.62% in 4 days)
Target:   $46.00 (+9.50%) in One month
Allocation:   8.1% of portfolio


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joeyjoejoe previously rated RY
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