5 Most Profitable Canadian Stocks

2. Royal Bank of Canada (NYSE:RY)

Trailing Twelve Months Net Income: $10.11 billion (1CAD = 0.75USD)

Number of Hedge Fund Holders In Q3 2022: 14

The Royal Bank of Canada (NYSE:RY) is Canada’s second largest bank as of 2021 with a total asset base of $1.3 trillion. It is headquartered in Toronto.

The Royal Bank of Canada (NYSE:RY) further expanded into the Canadian home listings market in January 2023, when it purchased the Canadian division of an American firm. By the end of last year’s third quarter, 14 of the 920 hedge funds surveyed by Insider Monkey had invested in the bank.

Israel Englander’s Millennium Management is Royal Bank of Canada (NYSE:RY)’s largest investor. It owns 157,506 shares that are worth $14 million.

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