Royal Bank of Canada (RY) Fourth Quarter Earnings Preview
Posted: Thursday, December 03, 2009 1:14 PM EDT
Royal Bank of Canada (NYSE: RY) opened at $54.88. So far today, the stock has hit a low of $54.68 and a high of $55.48. RY is now trading at $55.38, up $0.28 (0.51%). Over the last 52 weeks the stock has ranged from a low of $20.51 to a high of $55.58. The company will be reporting its fiscal fourth quarter numbers tomorrow and analysts are expecting to see the company report 98 cents per share. For the same period last year, the company had 92 cents per share earnings. Technical indicators for the stock are neutral and S&P gives RY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
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