Royal Bank of Canada stock trades under the same symbol, RY on both New York and the Toronto Stock Exchange. I only trade it in Toronto to keep the trade in Canadian dollars and because the options are priced in smaller increments making it far easier to trade and to rescue or repair trades.

Royal Bank Of Canada earnings were spectacular today beating both analysts estimates on a dividend hike and revenue growth. Net income was up 4% from the same period last year at $2.378 billion.

All areas from retail to wealth management and insurance hit record third-quarter earnings. The dividend was increased by 4 cents or almost 6% to 75 cents a quarter. The next dividend is Nov 24.

Royal Bank Of Canada Stock Trade Alert and Strategy

I did three trades this morning as investors sold the stock “on the news” which is typical when investors have pushed a stock too high in anticipation of earnings. The rest of this strategy article is for members.

FullyInformed Canada Members can read this Royal Bank Of Canada Stock (RY) trade alert and strategy outline directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.


Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.

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