Royal Bank of Canada (TSX/NY RY) Updated June 09, 2009
Please note: Prices have been adjusted for 2:1 Split
***********************************
RECENT NEWS:
ROYAL BANK OF CANADA REPORTS THIRD QUARTER 2010 RESULTS
Royal Bank of Canada reports second quarter 2010 results
Royal Bank of Canada reports first quarter 2010 results
Royal Bank of Canada reports fourth quarter and 2009 results
Royal Bank of Canada reports record third quarter 2009 results
Kevin R. Choquette ........... Scotia Capital.......Aug 27, 2010
Target reduced to $60.00 from $68.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
-------May 28, 2010--------
Downgraded to SECTOR PERFORM from OUTPERFORM
Target reduced to $61.00 from $66.00C
RY Price day before: $56.85Finish day posting:$55.39Current:$52.80C
-------Dec 07, 2009-------
Maintained OUTPERFORM
Target $75.00C
RY Price day before: $55.98Finish day posting:$55.40Current:$52.80C
------Aug 28, 2009------
Maintained OUTPERFORM
Target raised to $75.00 from $65.00C
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
------July 29, 2009----
Maintained OUTPERFORM
Target raised to $65.00 from $58.00C
RY Price day before: $50.60Finish day posting:$50.96Current:$52.80C
-------May 11, 2009---------
Maintained OUTPERFORM
Target raised to $58.00 from $48.00C (Target Hit Sept 23, 2009)
RY Price day before: $44.65Finish day posting:$44.15Current:$52.80C
RY Price day before:$38.92 Finish day of posting:$37.81 Current:$41.37US
-------Jan 26, 2009------
Maintained OUTPERFORM
Target reduced to $48.00 from $60.00C (Target Hit June 29, 2009)
RY Price day before: $28.08Finish day posting:$29.50Current:$52.80C
RY Price day before:$32.16 Finish day of posting:$31.18 Current:$41.37US
--------Nov 25, 2008------
Maintained OUTPERFORM
Target reduced to $60.00 from $70.00C
RY Price day before: $39.00Finish day posting:$39.50Current:$52.80C
RY Price day before:$32.16 Finish day of posting:$31.18 Current:$41.37US
--------Mar 03, 2007---
Maintained OUTPERFORM
Price Target $75.00 C
RY Price day before: $54.86Finish day posting:$55.05Current:$52.80C
RY Price day before:$46.42 Finish day of posting:$46.54 Current:$41.37US
------Aug 28, 2006-------
Maintained OUTPERFORM
Price Target $58.00 C (Target Hit Mar 21, 2007)
RY Price day before: $49.80Finish day posting:$49.90Current:$52.80C
RY Price day before:$44.85 Finish day of posting:$44.87 Current:$41.37US
-------May 28, 2004---------
Maintained SECTOR UNDERPERFORM
Price Target $35.00Cdn (Hit Target Feb 25, 2005)
RY Price day before: $29.92C
RY Price day before:$22.05US
-------June 02, 2003--------
Maintained SECTOR PERFORM
Price Target $33.50Cdn
RY Price day before: $29.45C
RY Price day before:$21.48US
*****************
Peter Routledge .......... National Bank Financial........Aug 27, 2010
Maintained SECTOR PERFORM
Target reduced to $58.00 from $60.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
---------Aug 19, 2010-----
New SECTOR PERFORM
Target $60.00C
RY Price day before: $51.72Finish day posting:$51.35Current:$52.80C
*********
Michael Goldberg .......... Desjardins Securities.....Aug 27, 2010
Maintained BUY
Target reduced to $57.00 from $60.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
-----July 07, 2010-----
Upgraded to BUY from HOLD
Target $62.00C
RY Price day before: $52.37Finish day posting:$52.46Current:$52.80C
--------May 28, 2010--------
Downgraded to HOLD from BUY
RY Price day before: $56.85Finish day posting:$55.39Current:$52.80C
--------Aug 28, 2009----------
Upgraded to BUY from HOLD
Target raised to $62.00 from $54.00C (Target Hit Apr 19, 2010)
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
------June 01, 2009--------
Maintained HOLD
Target reduced to $46.50 from $50.00C (Target Hit)
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
---------May 12, 2009--------
Maintained HOLD
Target raised to $50.00 from $41.50C
RY Price day before: $44.15Finish day posting:$43.29Current:$52.80C
RY Price day before:$37.81 Finish day of posting:$37.28 Current:$41.37US
-------Feb 27, 2009-------
Maintained HOLD
Target raised to $41.50 from $46.50C (Target Hit Apr 14, 2009)
RY Price day before: $31.90Finish day posting:$30.92Current:$52.80C
RY Price day before:$25.30 Finish day of posting:$24.27 Current:$41.37US
--------Dec 08, 2008------
Downgraded to HOLD from BUY
RY Price day before: $36.40Finish day posting:$37.50Current:$52.80C
RY Price day before:$28.81 Finish day of posting:$30.12 Current:$41.37US
---------Dec 03, 2007----------
Maintained HOLD
Price Target $60.50C
RY Price day before: $53.00Finish day posting:$53.49Current:$52.80C
RY Price day before:$53.34 Finish day of posting:$53.26 Current:$41.37US
--------Sept 06, 2007-------
Maintained HOLD
Price Target $61.00C
RY Price day before: $54.00Finish day posting:$53.96Current:$52.80C
RY Price day before:$51.48 Finish day of posting:$51.17 Current:$41.37US
---------May 28, 2007----------
Downgraded to HOLD from BUY
Price Target $60.00C
RY Price day before: $58.83Finish day posting:$59.05Current:$52.80C
RY Price day before:$54.63 Finish day of posting:$54.45 Current:$41.37US
---------Aug 28, 2006-----
Upgraded to BUY from HOLD
Price Target raised to $56.50 from $52.00 C (Target Hit Mar 08, 2007)
RY Price day before: $49.80Finish day posting:$49.90Current:$52.80C
RY Price day before:$44.85 Finish day of posting:$44.87 Current:$41.37US
---------Aug 09, 2006---------
Maintained HOLD
Price Target $52.00 C (Target Hit Nov 03, 2006)
RY Price day before: $46.76Finish day posting:$46.66Current:$52.80C
RY Price day before:$41.61 Finish day of posting:$41.75 Current:$41.37US
--------May 26, 2006--------
Maintained HOLD
Price Target $54.50 C
RY Price day before: $45.50Finish day posting:$46.45Current:$52.80C
RY Price day before:$41.95 Finish day of posting:$42.23 Current:$41.37US
-------Aug 29, 2005---------
Maintained HOLD
Price Target raised to $42.25 from $41.75C(Target Hit Nov 08, 2005)
RY Price day before: $39.27C
RY Price day before:$32.83 US
***************
Darko Mihelic .........Cormark Securities……. Aug 27, 2010
Target reduced to $58.00 from $62.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
***********
Mario Mendonca .......... Canaccord/Genuity......Aug 27, 2010
Target reduced to $55.00 from $60.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
***********
Ian de Verteuil .......... BMO Capital Markets......Aug 27, 2010
Maintained OUTPERFORM
Target reduced to $53.00 from $63.00C
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
-------Apr 26, 2010-------
Upgraded to OUTPERFORM from MARKET PERFORM
RY Price day before: $61.73Finish day posting:$62.20Current:$52.80C
--------Mar 04, 2010-------
Target raised to $63.00 from $62.00C
RY Price day before: $57.21Finish day posting:$57.50Current:$52.80C
-------Feb 27, 2009--------
Maintained MARKET PERFORM
Target raised to $34.00 from $30.00C (Target Hit Mar 11, 2009)
RY Price day before: $31.90Finish day posting:$30.92Current:$52.80C
RY Price day before:$25.30 Finish day of posting:$24.27 Current:$41.37US
-------Dec 08, 2008--------
Maintained MARKET PERFORM
Target reduced to $43.50 from $53.50C
RY Price day before: $36.40Finish day posting:$37.50Current:$52.80C
RY Price day before:$28.81 Finish day of posting:$30.12 Current:$41.37US
---------Aug 29, 2008---------
Upgraded to MARKET PERFORM from UNDERPERFORM
Target raised to $53.50 from $52.50C
RY Price day before: $48.13Finish day posting:$48.75Current:$52.80C
RY Price day before:$45.64 Finish day of posting:$45.68 Current:$41.37US
---------Mar 03, 2008---------
Downgraded to UNDERPERFORM from MARKET PERFORM
RY Price day before: $49.39Finish day posting:$48.49Current:$52.80C
RY Price day before:$50.10 Finish day of posting:$48.75 Current:$41.37US
--------Dec 01, 2005--------
Downgraded to MARKET PERFORM from OUTPERFORM
Price Target $43.00C
RY Price day before: $44.51C
RY Price day before:$38.27 US
--------Aug 29, 2005----------
Upgraded to OUTPERFORM from MARKET PERFORM
Price Target raised to $43.00 from $38.50C (Target Hit Sept 27, 2005)
RY Price day before: $39.27C
RY Price day before:$32.83 US
************
Jason Bilodeau ....... TD Newcrest…….Aug 27, 2010
Maintained BUY
Target reduced to $62.00 from $65.00C
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
-------July 08, 2010------
Upgraded to BUY from HOLD
Target $65.00C
RY Price day before: $52.46Finish day posting:$53.08Current:$52.80C
--------May 28, 2010--------
Maintained HOLD
Target reduced to $65.00 from $66.00C
RY Price day before: $56.85Finish day posting:$55.39Current:$52.80C
------Mar 04, 2010------
Maintained HOLD
Target raised to $64.00 from $59.00C
RY Price day before: $57.21Finish day posting:$57.50Current:$52.80C
------Dec 07, 2009------
Maintained HOLD
Target $59.00C
RY Price day before: $55.98Finish day posting:$55.40Current:$52.80C
------Nov 11, 2009--------
Maintained HOLD
Target raised to $59.00 from $58.00C
RY Price day before: $56.82Finish day posting:$57.18Current:$52.80C
-----Aug 28, 2009------
Maintained HOLD
Target raised to $58.00 from $54.00C (Target Hit)
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
--------May 08, 2009-----
Maintained HOLD
Target raised to $43.00 from $40.00C
RY Price day before: $43.89Finish day posting:$44.65Current:$52.80C
RY Price day before:$37.50 Finish day of posting:$38.92 Current:$41.37US
--------Apr 20, 2009-------
Maintained HOLD
Target $40.00C
RY Price day before: $43.15Finish day posting:$41.60Current:$52.80C
RY Price day before:$35.51 Finish day of posting:$33.56 Current:$41.37US
--------Dec 08, 2008--------
Maintained HOLD
Target reduced to $40.00 from $55.00C (Target Hit Apr 13, 2009)
RY Price day before: $36.40Finish day posting:$37.50Current:$52.80C
RY Price day before:$28.81 Finish day of posting:$30.12 Current:$41.37US
-------Nov 25, 2008-----
Maintained HOLD
Target $55.00C
RY Price day before: $39.00Finish day posting:$39.50Current:$52.80C
RY Price day before:$32.16 Finish day of posting:$31.18 Current:$41.37US
-----Aug 29, 2008------
Maintained HOLD
Target $57.00C
RY Price day before: $48.13Finish day posting:$48.75Current:$52.80C
RY Price day before:$45.64 Finish day of posting:$45.68 Current:$41.37US
-------May 30, 2008------
Maintained HOLD
Target $57.00C
RY Price day before: $50.53Finish day posting:$50.80Current:$52.80C
RY Price day before:$51.06 Finish day of posting:$51.21 Current:$41.37US
------Mar 04, 2008------
Maintained HOLD
Target reduced to $57.00 from $60.00C
RY Price day before: $48.49Finish day posting:$47.99Current:$52.80C
RY Price day before:$48.75 Finish day of posting:$48.19 Current:$41.37US
-------Dec 03, 2007----------
Maintained HOLD
Price Target $60.00C
RY Price day before: $53.00Finish day posting:$53.49Current:$52.80C
RY Price day before:$53.34 Finish day of posting:$53.26 Current:$41.37US
***********
Robert Sedran............. CIBC World Markets......Aug 27, 2010
Maintained SECTOR PERFORM
Target reduced to $56.00 from $62.00Cdn
RY Price day before: $48.95Finish day posting:$50.40Current:$52.80C
---------Aug 10, 2010-----------
Maintained SECTOR PERFORM
Target reduced to $62.00 from $65.00C
RY Price day before: $53.45Finish day posting:$53.35Current:$52.80C
-------May 31, 2010-----
Downgraded to SECTOR PERFORM from OUTPERFORM
Target $52.00Cdn (Target Hit June 29, 2010)
RY Price day before: $55.39Finish day posting:$55.12Current:$52.80C
**********
Gabriel Dechaine................Credit Suisse........Aug 19, 2010
New NEUTRAL
RY Price day before: $51.72Finish day posting:$51.35Current:$52.80C
*********
Sumit Malhotra..........Macquarie.......May 28, 2010
Downgraded to NEUTRAL from OUTPERFORM
Target reduced to $61.00 from $66.00C
RY Price day before: $56.85Finish day posting:$55.39Current:$52.80C
-------Mar 04, 2010-----
Maintained OUTPERFORM
Target reduced to $60.00 from $61.00C
RY Price day before: $57.21Finish day posting:$57.50Current:$52.80C
------Dec 07, 2009------
Maintained OUTPERFORM
Target reduced to $59.00 from $60.50C
RY Price day before: $55.98Finish day posting:$55.40Current:$52.80C
------------May 19, 2009------------
Maintained NEUTRAL
Target raised to $44.50 from $40.00C (Target Hit May 26, 2009)
RY Price day before: $41.94Finish day posting:$43.46Current:$52.80C
RY Price day before:$37.12 Finish day of posting:$37.49 Current:$41.37US
--------Apr 29, 2009-------
New NEUTRAL
Target $40.00Cdn
RY Price day before: $41.80Finish day posting:$42.05Current:$52.80C
RY Price day before:$33.99 Finish day of posting:$35.06 Current:$41.37US
*********
John Aiken .......... Barclays Capital.....May 12, 2010
Upgraded to EQUALWEIGHT from UNDERWEIGHT
RY Price day before: $60.04Finish day posting:$61.13Current:$52.80C
***********
Mario Mendonca ....... Genuity Capital……Apr 26, 2010
Maintained BUY
Target reduced to $72.00 from $69.00C
RY Price day before: $61.73Finish day posting:$62.20Current:$52.80C
------Mar 03, 2010---------
Maintained BUY
Target reduced to $65.00 from $67.00C
RY Price day before: $58.24Finish day posting:$57.21Current:$52.80C
-------Oct 26, 2009------
Maintained BUY
Target raised to $67.00 from $62.00C
RY Price day before: $56.11Finish day posting:$55.66Current:$52.80C
--------Aug 28, 2009---------
Maintained BUY
Target raised to $62.00 from $59.00C
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
--------Aug 18, 2009------
Maintained BUY
Target raised to $59.00 from $54.00C
RY Price day before: $50.10Finish day posting:$50.11Current:$52.80C
-------June 01, 2009--------
Maintained BUY
Target reduced to $54.00 from $56.00C (Target Hit Aug 27, 2009)
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
-------May 12, 2009-----
Upgraded to BUY from HOLD
RY Price day before: $44.15Finish day posting:$43.29Current:$52.80C
RY Price day before:$37.81 Finish day of posting:$37.28 Current:$41.37US
------Dec 08, 2008--------
Downgraded to HOLD from BUY
Target reduced to $44.00 from $52.00C (Target Hit May 05, 2009)
RY Price day before: $36.40Finish day posting:$37.50Current:$52.80C
RY Price day before:$28.81 Finish day of posting:$30.12 Current:$41.37US
-------Dec 01, 2006--------
Price Target raised to $63.00 from $56.00C
RY Price day before: $53.28Finish day posting:$53.60Current:$52.80C
RY Price day before:$46.69 Finish day of posting:$46.90 Current:$41.37US
************
Darko Mihelic .....CIBC World Markets........Dec 07, 2009
Maintained SECTOR PERFORM
Target $64.00C
RY Price day before: $55.98Finish day posting:$55.40Current:$52.80C
-------Aug 28, 2009------
Maintained SECTOR PERFORM
Target raised to $57.00 from $51.00C
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
----------June 01, 2009------
Target reduced to $47.00 from $44.00C
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
--------May 19, 2009--------
Target raised to $44.00 from $37.00C (Target Hit May 20, 2009)
RY Price day before: $41.94Finish day posting:$43.46Current:$52.80C
RY Price day before:$37.12 Finish day of posting:$37.49 Current:$41.37US
-------Feb 27, 2009------
Target raised to $37.00 from $39.00C (Target Hit Mar 23, 2009)
RY Price day before: $31.90Finish day posting:$30.92Current:$52.80C
RY Price day before:$25.30 Finish day of posting:$24.27 Current:$41.37US
--------Mar 03, 2008-------
Target reduced to $52.00 from $58.00C
RY Price day before: $49.39Finish day posting:$48.49Current:$52.80C
RY Price day before:$50.10 Finish day of posting:$48.75 Current:$41.37US
-------Mar 05, 2007------
Upgraded to OUTPERFORM from SECTOR PERFORM
RY Price day before: $54.86Finish day posting:$55.05Current:$52.80C
RY Price day before:$46.42 Finish day of posting:$46.54 Current:$41.37US
-------May 28, 2007--------
Downgraded to SECTOR PERFORM from OUTPERFORM
RY Price day before: $58.83Finish day posting:$59.05Current:$52.80C
RY Price day before:$54.63 Finish day of posting:$54.45 Current:$41.37US
***********
Jim Bantis .......... Credit Suisse......Nov 23, 2009
Maintained NEUTRAL
Target raised to $52.00 from $43.00C
RY Price day before: $57.53Finish day posting:$58.19Current:$52.80C
--------May 21, 2009-----------
Downgraded to NEUTRAL from OUTPERFORM
RY Price day before: $43.72Finish day posting:$42.60Current:$52.80C
RY Price day before:$38.26 Finish day of posting:$37.51 Current:$41.37US
--------Feb 23, 2009------
Target reduced to $34.00 from $39.00C (Target Hit Mar 11, 2009)
RY Price day before: $27.07Finish day posting:$25.82Current:$52.80C
RY Price day before:$21.65 Finish day of posting:$20.62 Current:$41.37US
************
Brad Smith .....Blackmont Capital........Nov 19, 2009
Maintained OUTPERFORM
Target raised to $65.00 from $57.00C
RY Price day before: $58.00Finish day posting:$57.55Current:$52.80C
---------Aug 28, 2009--------
Maintained OUTPERFORM
Target raised to $57.00 from $53.00C
RY Price day before: $56.55Finish day posting:$56.10Current:$52.80C
-------Feb 17, 2009-------
Maintained BUY
Target reduced to $42.00 from $45.00C (Target Hit Apr 16, 2009)
RY Price day before: $29.80Finish day posting:$28.15Current:$52.80C
RY Price day before:$24.22 Finish day of posting:$22.22 Current:$41.37US
-------Aug 29, 2008-----
Maintained BUY
RY Price day before: $48.13Finish day posting:$48.75Current:$52.80C
RY Price day before:$45.64 Finish day of posting:$45.68 Current:$41.37US
----------Mar 03, 2008-------
Maintained BUY
RY Price day before: $49.39Finish day posting:$48.49Current:$52.80C
RY Price day before:$50.10 Finish day of posting:$48.75 Current:$41.37US
--------Dec 03, 2007-----
Maintained BUY
RY Price day before: $53.00Finish day posting:$53.49Current:$52.80C
RY Price day before:$53.34 Finish day of posting:$53.26 Current:$41.37US
------Sept 07, 2007-------
Maintained BUY
RY Price day before: $53.96Finish day posting:$53.32Current:$52.80C
RY Price day before:$51.17 Finish day of posting:$50.71 Current:$41.37US
-----May 28, 2007-----
Maintained BUY
RY Price day before: $58.83Finish day posting:$59.05Current:$52.80C
RY Price day before:$54.63 Finish day of posting:$54.45 Current:$41.37US
------Mar 05, 2007--------
Maintained BUY
Price Target raised to $61.00 from $55.00C (Target Hit May 24, 2007)
RY Price day before: $54.86Finish day posting:$55.05Current:$52.80C
RY Price day before:$46.42 Finish day of posting:$46.54 Current:$41.37US
************
Jason Bilodeau .......... UBS.......July 27, 2009
Maintained NEUTRAL
Target raised to $53.00 from $47.00C (Target Hit)
RY Price day before: $50.77Finish day posting:$51.00Current:$52.80C
------June 01, 2009------
Maintained NEUTRAL
Target reduced to $46.00 from $45.00C
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
------May 07, 2009-------
Downgraded to NEUTRAL from BUY
RY Price day before: $45.00Finish day posting:$43.89Current:$52.80C
RY Price day before:$38.49 Finish day of posting:$37.50 Current:$41.37US
--------May 07, 2007-------
Maintained NEUTRAL
Price Target raised to $66.00 from $65.00C
RY Price day before: $58.44Finish day posting:$58.83Current:$52.80C
RY Price day before:$54.45 Finish day of posting:$54.88 Current:$41.37US
------Aug 29, 2005------
Maintained NEUTRAL
Price Target raised to $41.50 from $39.00C (Target Hit)
RY Price day before: $39.27C
RY Price day before:$32.83 US
***********
Robert Sedran .......... National Bank Financial........June 01, 2009
Maintained SECTOR PERFORM
Target raised to $44.00 from $43.00C
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
--------Feb 27, 2009-----
Maintained SECTOR PERFORM
Target raised to $35.00 from $32.00C (Target Hit Mar 12, 2009)
RY Price day before: $31.90Finish day posting:$30.92Current:$52.80C
RY Price day before:$25.30 Finish day of posting:$24.27 Current:$41.37US
--------Feb 23, 2009--------
Maintained SECTOR PERFORM
Target reduced to $32.00 from $35.00C (Target Hit Feb 26, 2009)
RY Price day before: $26.98Finish day posting:$27.93Current:$52.80C
RY Price day before:$21.51 Finish day of posting:$22.03 Current:$41.37US
---------Jan 26, 2009--------
Upgraded to SECTOR PERFORM from UNDERPERFORM
Price Target reduced to $35.00 from $37.00C
RY Price day before: $28.08Finish day posting:$29.50Current:$52.80C
RY Price day before:$22.79 Finish day of posting:$24.07 Current:$41.37US
***********
John Aiken ....... Dundee Securities……June 01, 2009
Maintained SELL
Target reduced to $38.00 from $36.00C
RY Price day before: $43.70Finish day posting:$44.66Current:$52.80C
RY Price day before:$40.22 Finish day of posting:$40.91 Current:$41.37US
-------Feb 27, 2009------
Maintained SELL
Target raised to $36.00 from $35.00C
RY Price day before: $31.90Finish day posting:$30.92Current:$52.80C
RY Price day before:$25.30 Finish day of posting:$24.27 Current:$41.37US
-------Jan 16, 2009------
Downgraded to SELL from NEUTRAL
Target reduced to $35.00 from $38.00C
RY Price day before: $34.04Finish day posting:$33.64Current:$52.80C
RY Price day before:$27.19 Finish day of posting:$26.90 Current:$41.37US
------Dec 05, 2008--------
Maintained NEUTRAL
Target reduced to $38.00 from $43.00C
RY Price day before: $37.17Finish day posting:$36.40Current:$52.80C
RY Price day before:$29.28 Finish day of posting:$28.81 Current:$41.37US
-------Nov 25, 2008-------
Upgraded to NEUTRAL from SELL
RY Price day before: $39.00Finish day posting:$39.50Current:$52.80C
RY Price day before:$32.16 Finish day of posting:$31.18 Current:$41.37US
-------Nov 02, 2008------
Maintained SELL
Target reduced to $43.00 from $54.00C (Target Hit Nov 13, 2008)
RY Price day before: $46.84Finish day posting:$46.60Current:$52.80C
--------July 30, 2008------
Upgraded to BUY from SELL
RY Price day before: $45.58Finish day posting:$46.62Current:$52.80C
RY Price day before:$44.59 Finish day of posting:$45.62 Current:$41.37US
-------Feb 29, 2008------
Downgraded to UNDERPERFORM from NEUTRAL
RY Price day before: $50.12Finish day posting:$49.39Current:$52.80C
RY Price day before:$51.34 Finish day of posting:$50.10 Current:$41.37US
-------Dec 01, 2006-------
Downgraded to NEUTRAL from OUTPERFORM
RY Price day before: $53.28Finish day posting:$53.60Current:$52.80C
RY Price day before:$46.69 Finish day of posting:$46.90 Current:$41.37US
***********
Shannon Cowherd ............Citigroup….May 04, 2008
Maintained SELL
Target raised to $42.00 from $40.00C (TARGET HIT)
RY Price day before: $50.08Finish day posting:$48.70Current:$52.80C
RY Price day before:$49.12 Finish day of posting:$48.12 Current:$41.37US
***************
Steve Cawley ....... TD Newcrest…….May 28, 2007
Maintained ACTION LIST BUY
Price Target $67.00C
RY Price day before: $58.83Finish day posting:$59.05Current:$52.80C
RY Price day before:$54.63 Finish day of posting:$54.45 Current:$41.37US
-------Mar 20, 2007--------
Maintained ACTION LIST BUY
Price Target raised to $67.00 from $64.00C
RY Price day before: $57.31Finish day posting:$57.20Current:$52.80C
RY Price day before:$48.69 Finish day of posting:$49.31 Current:$41.37US
--------Dec 01, 2006-----
Maintained ACTION LIST BUY
Price Target raised to $61.00 from $58.00C (Target Hit May 24, 2007)
RY Price day before: $53.28Finish day posting:$53.60Current:$52.80C
RY Price day before:$46.69 Finish day of posting:$46.90 Current:$41.37US
------Aug 28, 2006----
Maintained ACTION LIST BUY
Price Target raised to $55.00 from $53.00C (Target Hit)
RY Price day before: $49.80Finish day posting:$49.90Current:$52.80C
RY Price day before:$44.85 Finish day of posting:$44.87 Current:$41.37US
-------Aug 10, 2006-------
Maintained ACTION LIST BUY
Price Target $53.00C (Target Hit Nov 09, 2006)
RY Price day before: $46.66Finish day posting:$46.85Current:$52.80C
RY Price day before:$41.75 Finish day of posting:$41.58 Current:$41.37US
-----Dec 01, 2005-----
Upgraded to BUY from HOLD
Price Target raised to $49.00 from $47.00C (Target Hit Mar 03, 2006)
RY Price day before: $44.51C
RY Price day before:$38.27US
--------Nov 11, 2005------------
Downgraded to HOLD from BUY
Price Target raised to $47.00 from $45.50C (Target Hit Feb 22, 2006)
RY Price day before: $42.99C
RY Price day before:$36.19US
-------Oct 19, 2005-----------
Maintained BUY
Price Target raised to $45.50 from $43.50C (Target Hit Nov 28, 2005)
RY Price day before: $41.46C
RY Price day before:$35.17US
-------Aug 29, 2005--------
Maintained BUY
Price Target raised to $43.50 from $41.50C (Target Hit Nov 22, 2005)
RY Price day before: $39.27C
RY Price day before:$32.83 US
-----Apr 26, 2005------
Upgraded to BUY from HOLD
Price Target raised to $41.50 from $40.00C (Target Hit Sept 20, 2005)
RY Price day before: $36.63C
RY Price day before:$29.66US
----------Feb 28, 2005------
Maintained HOLD
Price Target raised to $40.00 from $32.25C (Hit Target Aug 29, 2005)
RY Price day before: $36.55C
RY Price day before:$29.50 US
----Dec 01, 2004-----
Maintained HOLD
Price Target $32.25C (Hit Target Feb 07, 2005)
RY Price day before: $31.20C
RY Price day before:$26.32 US
-------Oct 22, 2004--------
Maintained HOLD
Price Target raised to $32.50 from $31.75C (Hit Target Feb 07, 2005)
RY Price day before: $31.38C
RY Price day before:$25.25 US
--------May 28, 2004--------
Maintained HOLD
Price Target $31.75 (Hit Target Aug 25, 2004)
RY Price day before: $29.92C
RY Price day before:$22.05US
-------Mar 01, 2004---------
Downgraded to REDUCE from HOLD
Price Target $31.75
RY Price day before: $31.73C
RY Price day before:$23.78 US
---------April 24, 2003--------
Andre-Philippe Hardy ....... TD Newcrest
Downgraded to HOLD from BUY
Price Target $32.25 (Hit Target Oct 15, 2003)
RY Price day before: $29.65C
RY Price day before:$20.51US
***********************************
Robert Wessel .......... National Bank Financial........Nov 22, 2006
Price Target raised to $59.00 from $53.00C (Target Hit Apr 05, 2007)
RY Price day before: $54.27Finish day posting:$54.02Current:$52.80C
RY Price day before:$47.40 Finish day of posting:$47.42 Current:$41.37US
--------Aug 29, 2005-------------
Upgraded to OUTPERFORM from UNDERPERFORM
RY Price day before: $39.27C
RY Price day before:$32.83 US
-------Mar 01, 2004------
Maintained SECTOR PERFORM (Hit Target Feb 25, 2005)
Price Target reduced to $33.50 from $34.00Cdn
RY Price day before: $31.73C
RY Price day before:$23.78 US
--------Feb 23, 2004---------
Maintained SECTOR PERFORM
Price Target $34.00Cdn (Hit Target Feb 25, 2005)
RY Price day before: $31.95C
RY Price day before:$23.93US
--------June 01, 2003----------
Maintained SECTOR PERFORM
Price Target $31.50Cdn (Hit Target Oct 15, 2003)
RY Price day before: $29.45C
RY Price day before:$21.48US
***********************************
Manolis Liodakis PhD ............Citigroup….Nov 17, 2006
Downgraded to ATTRACTIVE 3 from ATTRACTIVE 2
RY Price day before: $53.72Finish day posting:$53.46Current:$52.80C
RY Price day before:$47.11 Finish day of posting:$46.73 Current:$41.37US
***********************************
Darko Mihelic .....Blackmont Capital........Mar 27, 2006
Maintained HOLD
RY Price day before: $25.50C
RY Price day before:$43.73US
--------Dec 05, 2005------
Downgraded to HOLD from BUY
RY Price day before: $44.25C
RY Price day before:$38.15 US
--------Oct 19, 2005-------
Maintained BUY
RY Price day before: 41.46C
RY Price day before:$35.17 US
-------First Associates.....Aug 26, 2005
Maintained
BUY
RY Price day before: $38.43C
RY Price day before:$32.23US
------Feb 25, 2005--------
Maintained
BUY
RY Price day before: $33.50C
RY Price day before:$27.08 US
-----Oct 20, 2004------
Maintained
BUY
RY Price day before: $31.30C
RY Price day before:$24.91 US
*****************
Quentin Broad ............. CIBC World Markets.........May 31, 2005
Downgraded to SECTOR UNDERPERFORM from SECTOR PERFORM
RY Price day before: $38.00C
RY Price day before:$30.22 US
-------June 02, 2003--------
Price Target $31.00CDN (Hit Target Oct 15, 2003)
Downgraded to UNDERPERFORM from SECTOR PERFORM
RY Price day before: $29.45C
RY Price day before:$21.48US
***********************************
Michael Overvelde ........... UBS...........May 30, 2005
Maintained NEUTRAL
Price Target raised to $78.00 from $74.00Cdn (Hit Target July 18, 2005)
RY Price day before: $37.95C
RY Price day before:$29.66 US
--------May 28, 2004------
Maintained NEUTRAL
Price Target $34.00Cdn (Hit Target Feb 25, 2005)
RY Price day before: $29.92C
RY Price day before:$22.05US
------Mar 01, 2004---------
Downgraded to NEUTRAL from BUY
Price Target $34.50Cdn(Hit Target Feb 25, 2005)
RY Price day before: $31.73C
RY Price day before:$23.78 US
***********************************
Darko Mihelic .................... Research Capital....Mar 01, 2004.
Downgraded
to ACCUMULATE from STRONG BUY
Price Target $35.00Cdn (Hit Target Feb 25, 2005)
RY Price day before: $31.73C
RY Price day before:$23.78US
-------Jan 15, 2004------
Maintained
STRONG BUY
Price Target reduced to $35.00 from $36.00Cdn (Hit Target Feb 25, 2005)
RY Price day before: $30.76C
RY Price day before:$23.92 US
----------August 27, 2003-------
Upgraded
to STRONG BUY from BUY
Price Target raised to $36.00 from $34.50Cdn
RY Price day before: $30.13C
RY Price day before:$21.65US
-----------June 02, 2003--------
Maintain
BUY
Price Target $34.50Cdn
RY Price day before: $29.45C
RY Price day before:$21.48US
****************************
Royal Bank of Canada
Short Positions
Date Outstanding Price Range
Aug 16 to 31, 2010 $51.94 to $48.85
Aug 01 to 15, 2010 11,526,391 $54.60 to $51.11
July 16 to 30, 2010 8,769,297 $54.85 to $51.65
July 01 to 15, 2010 9,688,254 $55.00 to $50.38
June 16 to 30, 2010 11,456,111 $55.68 to $50.60
June 01 to 15, 2010 8,278,468 $55.42 to $51.56
May 16 to 31, 2010 8,600,018 $61.18 to $54.82
May 01 to 15, 2010 9,479,543 $62.75 to $57.55
Apr 16 to 30, 2010 9,116,501 $62.89 to $60.50
Apr 01 to 15, 2010 11,068,803 $61.63 to $58.05
Mar 16 to 31, 2010 10,343,639 $60.55 to $58.66
Mar 01 to 15, 2010 8,701,193 $58.87 to $55.82
Feb 16 to 28, 2010 8,599,897 $57.45 to $55.42
Feb 01 to 15, 2010 8,518,732 $55.49 to $52.16
Jan 16 to 31, 2010 7,782,142 $55.47 to $52.10
Jan 01 to 15, 2010 6,081,035 $56.98 to $54.71
Dec 16 to 31, 2009 5,888,646 $56.80 to $54.25
Dec 01 to 15, 2009 6,850,267 $58.39 to $53.96
Nov 16 to 30, 2009 7,317,085 $58.66 to $55.05
Nov 02 to 13, 2009 9,720,141 $57.87 to $53.75
Oct 16 to 30, 2009 10,863,151 $57.13 to $52.83
Oct 01 to 15, 2009 12,408,738 $57.59 to $54.79
Sept 16 to 30, 2009 9,966,789 $58.50 to $56.65
Sept 01 to 15, 2009 10,182,259 $57.03 to $54.55
Aug 17 to 31, 2009 10,973,181 $57.63 to $49.29
Aug 04 to 14, 2009 11,008,226 $52.21 to $49.19
July 16 to 31, 2009 8,318,967 $51.55 to $47.90
July 02 to 15, 2009 11,707,185 $48.73 to $44.42
June 16 to 30, 2009 11,313,922 $49.05 to $43.58
June 01 to 15, 2009 11,575,834 $46.33 to $43.76
May 19 to 29, 2009 11,502,966 $45.66 to $42.07
May 01 to 15, 2009 12,131,777 $45.69 to $41.12
Apr 16 to 30, 2009 13,558,996 $43.74 to $39.25
Apr 01 to 15, 2009 15,313,779 $41.74 to $35.51
Mar 16 to 31, 2009 14,345,665 $37.90 to $34.52
Mar 13, 2009 15,480,317 $35.50 to $28.56
Feb 27, 2009 14,037,641 $32.50 to $25.52
Feb 13, 2009 9,595,018 $32.17 to $29.20
Jan 31, 2009 8,695,530 $34.91 to $28.05
Jan 15, 2009 7,242,420 $38.18 to $32.80
Dec 31, 2008 7,926,551 $36.14 to $33.28
Dec 15, 2008 12,862,531 $41.50 to $32.90
Nov 28, 2008 10,211,274 $44.30 to $33.39
Nov 14, 2008 7,863,376 $48.30 to $43.00
Oct 31, 2008 7,865,008 $50.49 to $42.50