Summary
The Royal Bank of Canada is one of Canada's largest banks. It is also one of the largest banks in the world, with a market capitalization of $164 billion. The company has 95,000 employees and nearly 1,300 banking branches in 29 countries.
Our rating on the Financial sector is Over-Weight. The Fed's extended rate hike campaign is expanding banks' net interest margins. We also look for recovery in fee-based businesses, bond issuance, and M&A as
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