Royal Bank of Canada's (NYSE:RY) businesses continue to performed well and a CEO change is not going to alter the strategic direction of the company. The bank, often called RBC, continues to grow its earnings in-line with its 7-10% medium term growth target through a diversified business model. The company continues to reward shareholders by boosting its quarterly dividend by $0.04 to $0.75 after it reported record Q3 earnings last week. The timing and magnitude of the hike confirms the prediction I made in a prior article in May.
This article updates my investment thesis in RBC and provides readers with an insightful look at the latest developments which includes the Q3/2014 (May-July) earnings report. All dollar figures,...
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