Q: Royal Bank seems to significantly outperforming the other canadian banks and I'm asking why? If I want to hold a canadian bank, should it be RBC or another bank?
5i Research Answer:
RY is the largest bank in Canada and also seen as the most conservative and safest. Thus, it can get a premium price when investors are worried. Other banks have seen problems (BMO, TD, BNS) yet RY continues to nicely chug along. It is a solid stock for sure, but does trade at a premium valuation.