Royal Bank of Canada (USA) (RY)

Profile
Royal Bank of Canada
200 Bay Street
Royal Bank Plaza
Toronto, ON M5J 2J5
Canada - Map
Phone: 416-974-5151
Fax: 416-955-7800
Web Site: www.royalbank.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Money Center Banks
Full Time Employees: 72,366

BUSINESS SUMMARY
Royal Bank of Canada provides a range of financial services worldwide. The company operates through five segments: Canadian Banking, Wealth Management, International Banking, Capital Markets, and Insurance. The Canadian Banking segment offers personal financial services, business financial services, and cards and payment solutions. The Wealth Management segment provides asset management, and estate and trust services. The International Banking segment owns 50% interest in RBC Dexia, which provides various investor services, such as custody and fund administration to institutions. It also offers personal and business banking solutions to individuals, businesses, business owners, and professionals through 350 banking centers in the southeast United States. In addition, this segment provides banking solutions to individuals and business throughout a network of 44 branches in 8 Caribbean countries and territories. The Capital Markets segment offers a range of corporate and investment banking, sales and trading, and research and related products and services to corporate, public sector, institutional and retail clients in North America; and specialized products and services in select global markets. The Insurance segment provides various life, health, travel, home, auto, and reinsurance products, as well as creditor insurance services to individual and business clients in Canada, the United States, and internationally. These products and services are offered through a range of distribution channels, including telephone, independent life insurance advisors, travel agents, career sales forces, Internet, and retail insurance branches. As of October 31, 2008, Royal Bank of Canada operated 1,741 bank branches and 4,964 automated teller machines. The company, formerly known as The Royal Bank of Canada, was founded in 1864 and is headquartered in Toronto, Canada.

***All above information from YAHOO FINANCE***

Strong dividend history

They have great leadership, are consistently one of the best companies to work for, they are socially responsible and they know how to continue to make money even through difficult economic times. A stellar stock to own.

maintain dividend payments and trading twice it value since the meltdown.check it out to confirm

Canadian banks are up a ton, but aren't done yet. In addition to the fact that fair pricing has the stocks still 20% under-valued, they're all boasting a 3-6% dividend. How can you go wrong?

I have been a Royal Bank of Canada customer since about 1991. I have recently closed all of my other bank accounts because RBC has proven to be the most reliable, fair, and consistent financial institution I have ever worked with. Plus, they are one of the few that was managed sensibly BEFORE the mortgage meltdown and was not damaged by irrational behavior.

A very strong Canadian bank - in fact, the leading bank in the financial sector.

Strong bank with sound fundamentals and prudent management

The Canadian Federal Government introduced TFSA(Tax-Free Savings Account) in the 2008 budget. As soon as the majority of the citizens fully understands the benefits of TFSA, Royal Bank of Canada will accommodate their needs.

Good regulation by the canadian. Hence not as battered as US financials companies. Fair value at $42.90.

A buy and hold lock.

Like any other bank, RBC's core value is its ability to gather low-interest deposits and turn around and lend that money successfully at higher rates. Of course, "successfully" is the key word there. As banks all over the world have shown, when you're not diligent about the loans you make, you could suddenly face a tsunami of writedowns.

To date, the results coming from RBC suggest that its lending practices were far more conservative than many of its competitors in North America -- or around the globe for that matter. In addition, the bank has captive insurance and capital markets units, which have held up well during the financial market turmoil and contributed to the bank's overall strength.

http://www.fool.com/investing/value/2009/04/27/5-top-rated-value-stocks.aspx

Added pick to further diversify portfolio. Good idea to have international exposure as well as exposure to currencies.

i cant believe i am picking a bank but hey a deal is a deal

This is a super financial on sale--it will come back. In addition to the juicy dividend, there is plenty of upside to come...all that's needed is perspective and patience.

from a Canadian...excellent bank in Canda that will rise steady

Canadian banks are generally considered to be in better shape than their American and European peers. Price level is very attractive with growth-adjusted forward PE less than 5.

The big five banks in Canada operate a virtual oligarchy, which make their moats deep and wide. Regulations have protected Canadian banks from the worst of the toxic loans. The Governor of the Bank of Canada projects that Canada will be best positioned developed nation in 2010 after the worst of the recession is over.

Best bank in a market that avoided picking up toxic assets.