Royal Bank of Canada (RY): A Bull Case Theory

We came across a bullish thesis on Royal Bank of Canada (RY) on Substack by Peter Thomason. In this article, we will summarize the bulls’ thesis on RY. Royal Bank of Canada (RY)'s share was trading at $119.83 as of May 8^th. RY’s trailing and forward P/E were 13.43 and 12.32 respectively according to Yahoo Finance.

[caption id="attachment_1238699" align="aligncenter" width="768"] A view of a busy banking hall, customers engaging with banking staff to conduct their financial transactions.[/caption]

Royal Bank of Canada (RY), the country’s largest bank, is a dominant player...