RoastRYMar 8, 2026
RY's 3.8% Yield? Try 2.9%. This 'Buy Forever' Call Starts With a Math Error.
The newsletter's core claim is factually wrong—Royal Bank's dividend yield is 2.9%, not 3.8%, per March 2026 data. While RBC remains a quality bank with record Q1 earnings and a solid track record, it's trading at a premium valuation (P/E of 16.1x vs. sector average of 12.8x) and offers the *lowest* dividend yield among Big 5 Canadian banks. Bank of Nova Scotia delivers 4.6% yield at better value, while National Bank offers superior growth. The recommendation isn't terrible, but it's lazy—ignoring superior alternatives and starting with incorrect data.
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