Royal Bank of Canada (RY:CA) (RY)
Scotiabank raised its 12 month target price on the Royal Bank of Canada to $242.00 from $231.00, reflecting improved confidence in the bank’s earnings outlook and balance sheet strength. The valuation increase is supported by resilient net interest margins, stable credit quality, and solid capital levels, which position RBC to navigate a slowing economic environment while continuing to deliver consistent profitability. Scotiabank’s adjustment also shows expectations for sustained revenue growth across wealth management and capital markets, as well as continued benefits from scale and market leadership within Canada’s banking sector.
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