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RY - Canadian Banks Are Doing Well! - National Bank And Royal Bank Q3 2020 Earnings Review
Royal Bank Of Canada
Yesterday, I posted my review of the earnings for both BMO and Scotiabank. My one word was "meh!" This time, both banks have reported flat earnings and pretty good results. What's happening?
BMO (BMO) earnings were down around 20% and Scotiabank (BNS) was down roughly 47%. Then National Bank (NTIOF) and Royal Bank (RY) were minus one or flat. There is something wrong. Let's dig a little deeper and see what's really hiding behind these reports.
Royal Bank (RY, RY.TO)
Business Model
Royal Bank is the largest bank of the group by market cap