Royal Bank of Canada Offers Attractive Risk/Reward

We first made Royal Bank of Canada ( RY ) a Long Idea in April 2018 and most recently reiterated our bullish thesis on the stock in September 2023. Since this update, the stock has underperformed the S&P 500 by ~5%, whichAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I h ...