5 Most Profitable Canadian Stocks

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1. Royal Bank of Canada (NYSE:RY)

Latest TTM Net Income: C$14.8 billion

Royal Bank of Canada (NYSE:RY) is one of the largest banks in Canada with nearly a hundred thousand employees. The firm faced a setback in December 2023 when Canada’s money laundering regulator fined it $5.52 million for failing to meet reporting requirements.

As of September 2023 end, 19 out of the 910 hedge funds covered by Insider Monkey’s research were Royal Bank of Canada (NYSE:RY)’s investors. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the biggest investor as it held a $100 million stake.

Follow Royal Bank Canada Montreal Que (NYSE:RY)

Disclosure: None. You can also take a look at 15 Undervalued S&P 500 Stocks Billionaires Are Loading Up On and 30 Largest Pharmaceutical Companies in the World.

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