Laurentian Bank of Canada

Royal Bank of Canada

Royal Bank of Canada

Zacks Investment Research upgraded shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) from a hold rating to a buy rating in a research note released on Wednesday. CSFB raised their price target on Laurentian Bank of Canada from C$52.00 to C$57.00 in a report on Tuesday, January 17th. Finally, Scotiabank restated an "outperform" rating and issued a $58.00 price objective (up previously from $56.00) on shares of National Bank of Canada in a research note on Tuesday, December 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. TD Securities upped their price objective on Canadian Western Bank from C$29.00 to C$31.00 and gave the stock a "hold" rating in a report on Friday, December 2nd.

Canadian Western Bank (TSE:CWB) opened at 30.15 on Monday. The company has a market capitalization of $2.66 billion and a P/E ratio of 14.15.

Yesterday Royal Bank of Canada (NYSE:RY) traded 0.23% higher at $74.58. The company's 50 day moving average price is $42.49 and its 200 day moving average price is $37.97.

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The business also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. This represents a $2.24 annualized dividend and a yield of 3.85%. The ex-dividend date was Friday, December 23rd. This is an increase from National Bank of Canada's previous quarterly dividend of $0.55.

Royal Bank of Canada (RBC), is a diversified financial services company. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. The Bank's loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.