royal bank

Investors searching for Canadian growth stocks need to consider a range of factors. Here are the key ones for maximum portfolio returns.
BANK OF MONTREAL, $136.95, Toronto symbol BMO, is a buy.

The bank is now raising your dividend by 4.5%. Starting with the August 2022 payment, investors will receive $1.39 a share instead of $1.33. The new annual rate of $5.56 yields 4.1%.

Bank of Montreal set aside $50 million to cover potential loan losses in its fiscal 2022 second quarter, ended April 30, 2022....
ROYAL BANK OF CANADA, $130.95, Toronto symbol RY, is a buy.

In its fiscal 2022 second quarter, ended April 30, 2022, Royal took back $342 million of the funds it had earlier set aside to cover potential bad loans. That’s due to improving credit quality as the COVID-19 pandemic eases....
Rising interest rates mean dividend-paying stocks must increasingly compete for investor interest in fixed-income investments. However, sustainable dividends still offer an attractive and growing income stream for investors.


Meanwhile, dividend-focused ETFs can—but not always—follow strategies that we feel set investors up for maximum long-term gains with the least risk....
ROYAL BANK OF CANADA, $136.66, Toronto symbol RY, is a buy.

Royal raised your quarterly dividend by 11.1% with the February 2022 payment. Investors now receive $1.20 a share instead of $1.08. The new annual rate of $4.80 yields 3.5%. The bank also plans to repurchase roughly 3.16% of its common shares over the next year.

The bank has now agreed to buy U.K.-based wealth management firm Brewin Dolphin Holdings Plc....
Shares of Bank of Nova Scotia continue to rebound as the economy recovers from the COVID-19 pandemic. Still, they have lagged the gains of Canada’s other four big banks (see page 43).


That’s mainly because Bank of Nova Scotia has shifted its international focus in the past few years to four countries in Latin America—Mexico, Peru, Colombia and Chile....
ROYAL BANK OF CANADA, $137.32, Toronto symbol RY, is a buy.

The bank will now purchase U.K.-based wealth management firm Brewin Dolphin Holdings Plc. Its assets under management totalled 59 billion British pounds (roughly $101 billion Canadian) as of December 31, 2021.

Royal will pay $2.6 billion for Brewin Dolphin....
ROYAL BANK OF CANADA, $140.37, Toronto symbol RY, is a buy.

Royal continues to benefit from higher loan demand from consumers and businesses as the economy recovers from COVID-19 lockdowns. Rising stock markets also boosted results at its wealth management division.

In the bank’s first quarter of fiscal 2022, ended January 31, 2022, earnings rose 6.4%, to $4.10 billion from $3.85 billion....
Shares of the Royal Bank of Canada—the country’s largest bank by market cap—plunged from around $109 at the start of the COVID-19 pandemic in March 2020, to a low around $72. After that, it reversed course and climbed to a recent peak near $150. That recovery owes a great deal to government pandemic supports for individuals and businesses....
CANADIAN IMPERIAL BANK OF COMMERCE $165 (www.cibc.com) is a buy. The bank increased your quarterly dividend by 10.3% with the January 2022 payment. The new annual rate of $6.44 yields a high 3.9%. Based on CIBC’s projected earnings for the fiscal year ending October 31, 2022, of $14.58 a share, the new dividend rate represents a payout rate of 44%....