canadian banks
ROYAL BANK OF CANADA $66 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $99.0 billion; Price-to-sales ratio: 2.9; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.rbc.com) is selling its RBC General Insurance subsidiary to Aviva Canada. This business mainly sells home and auto insurance. As part of the sale, Royal’s customers can also access all of Aviva’s insurance products for the next 15 years. The sale makes sense, as regulators prevent Canadian banks from selling insurance policies through their branches. That limits Royal’s ability to expand this business. However, the bank will continue to sell life and health insurance through separate offices and online....
ROYAL BANK OF CANADA $66 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.5 billion; Market cap: $99.0 billion; Price-to-sales ratio: 2.9; Dividend yield: 4.8%; TSINetwork Rating: Above Average; www.rbc.com) is selling its RBC General Insurance subsidiary to Aviva Canada. This business mainly sells home and auto insurance. As part of the sale, Royal’s customers can also access all of Aviva’s insurance products for the next 15 years. The sale makes sense, as regulators prevent Canadian banks from selling insurance policies through their branches. That limits Royal’s ability to expand this business. However, the bank will continue to sell life and health insurance through separate offices and online....
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With subprime loans shrinking and a new deal with GE Capital in hand, blue chip stock Wells Fargo should easily keep raising its dividend.
Simplifying operations and boosting its balance sheet under new capital rules, JP Morgan Chase remains one of our top U.S. dividend stocks.
A number of Canadian bank chief executives have voiced concerns about the threat Apple Pay and similar services pose. Apple Pay lets users pay for items using bank-credit and debit cards stored on their iPhones and Apple watches. The CEOs believe these services might not only erode their fees but could interfere with the banks’ relationships with their customers. U.S. banks were quick to join up with Apple Pay, for fear of losing out to rival banks. But the rush happened before secure credit card systems could be set up, resulting in higher fraud rates from thieves using stolen card numbers on Apple Pay....
A number of Inner Circle have asked two key questions about so-called “robo-advisors”—automated, Internet-based advisory/portfolio management services. Question 1. Will robo-advisors offer valuable new investment avenues for individual investors? They may offer beginning investors a more efficient, lower-cost investment approach, compared to what’s now open to them. Unfortunately, robo-advisors are likely to focus on the less reliable of the two main investment approaches....
Our latest update on two Canadian bank stocks, both of which have seen their international expansion plans bear strong results.