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Opinion on  Royal Bank of Canada (RY)     Sector: Financial  >  Industry: Regional Banks
Leader In a Big Sector

Jul 15, 2008 11:26 AM GMT
Intelligence
Return Risk
-16.26% LOW
Sr. Analyst

Good company really well run but all the banks are getting sold together.
In 6 months when the industry has let a few of the dry leaves fall off it will come in and scoop up some assets. 
The Lehman Bros. rumour was not going to happen I don't think that is the type of purchase a cautious firm makes.

RY:  This call was made on 07/15/08 @ $40.91
Rating:   Neutral/Hold   $40.91 (07/15/08)
Closed:   09/20/2008 @ $48.5 (+18.55% in 67 days)
Target:   $47.00 (+14.89%) in Three months
Allocation:   8.1% of portfolio


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joeyjoejoe previously rated RY
Positive +12.70% Royal is a smart buyer who avoided the crisis
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