Analysts See $1.19 EPS for National Bank of Canada (NTIOF)

RBC Chief Executive Dave Mc Kay said the bank had delivered solid results against a challenging market

RBC Chief Executive Dave Mc Kay said the bank had delivered solid results against a challenging market

Investors may be closely following the current stock price in relation to moving averages.

A number of other institutional investors and hedge funds have also bought and sold shares of RY.

The Toronto-based bank set aside C$514 million ($389 million) in provisions for credit losses in the quarter, up 54 percent from a year earlier and higher than the C$362 million analysts had expected. Financial Gravity Companies Inc. bought a new stake in shares of Royal Bank of Canada in the fourth quarter worth $38,000. He need not worry: Royal Bank, Canada's largest mortgage lender, had C$250.2 billion of home loans as of January 31, up 4.9 percent from a year earlier even as the industry's residential-mortgage growth has shrunk to a 17-year low in Canada.Royal Bank's profit growth was lifted by gains in personal and commercial banking and insurance, countering the 13 percent decline in RBC Capital Markets and a 26 percent drop in investor and treasury services. Toronto Dominion Bank increased its holdings in Royal Bank of Canada by 2.1% during the third quarter. Analysts have anticipation on stock's earnings per share of $1.19. Finally, SG Americas Securities LLC bought a new stake in Royal Bank of Canada in the 4th quarter valued at about $120,000. Individual investors may have to do a lot more work if they choose to manage their own stock portfolios.

A number of analysts recently issued reports on the stock. Barclays cut their price target on shares of National Bank of Canada from C$65.00 to C$62.00 in a report on Thursday, December 6th.

In a research note shared with investors and clients this morning, Scotiabank reiterated their "Hold" rating on National Bank of Canada (TSE:NA) shares. Finally, Desjardins reaffirmed a "buy" rating on shares of Royal Bank of Canada in a research report on Tuesday, December 11th. The titles are as follows: "Should You Buy Nutrien Ltd. (TSX:NTR) or Royal Bank of Canada (TSX:RY) Stock for Your RRSP?" One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Tracking shares, we note that the consensus stock rating is Buy.

NYSE:RY traded up $0.09 during mid-day trading on Friday, reaching $77.39. Moving closer, we can see that shares have been trading 1.53% off of the 20-day moving average. The company's wealth business includes Los Angeles-based City National Bank, which is now being led by Kelly Coffey, who joined Hollywood's "bank to the stars" earlier this month after five years as CEO of JPMorgan's US private-banking unit. National Bank of Canada's dividend payout ratio is now 41.08%. The company has a market capitalization of $21.19 billion and a P/E ratio of 10.55.

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Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Wednesday, November 28th.

RBC's common equity Tier 1 (CET1) capital ratio, which is considered a key measure of a bank's health and stability, was 11.4 per cent at the end of the first quarter, up from 11 per cent a year ago but down from 11.5 per cent at the end of the prior quarter. During the same period past year, the firm earned $2.01 earnings per share. Royal Bank of Canada's revenue was up 1.4% on a year-over-year basis. For the last quarter, shares have performed 11.25%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. This represents a $2.60 annualized dividend and a yield of 4.15%. Royal Bank is one of the lenders to PG&E Corp., the California utility owner that filed for bankruptcy protection, according to data compiled by Bloomberg.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Highlight Press and is the property of of Highlight Press.

Royal Bank of Canada (NYSE:RY)'s RSI (Relative Strength Index) is 68.72.

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