Royal bank report updated and rated (lower) Buy June 8, 2024

Royal Bank of Canada is updated and rated (lower) Buy at $146.35 or U.S. $106.39.  It’s a strong company and will continue to grow over the years. But the near term is uncertain given loan losses and a probably recession. It’s had a huge recovery since it dipped to $108 in October. I’d like to add to my position in this strong bank but I don’t think it is timely to do so.


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