Our report on Royal Bank of Canada or RBC trading under symbol RY is updated and rated (higher) Buy. This is Canada’s largest bank and it continues to grow in size year after year. It is has five major divisions all of which are consistently profitable. Royal like all banks by nature is highly leveraged which could make it risky. But it relies on sophisticated risk management practices that have meant that that its earnings rarely falter much. It also benefits from the fact that large banks are so integral to the economy that the government itself comes to the assistance of banks when there is any sign of trouble by providing favorable policies and regulations. Royal will likely continue to be a good long term holding for both dividends and growth.