Today: 29 May 2026
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  • Royal Bank of Canada Selloff Presents Buying Opportunity, Strong Q2 Results Support
    May 29, 2026, 11:10 AM EDT. Royal Bank of Canada (TSX:RY), Canada's largest bank, experienced a modest 3% selloff, offering investors a potential entry into a strong blue-chip stock. Despite the dip, RY has surged 45% over the past year and posted robust Q2 fiscal 2026 results with net income up 25% to C$5.5 billion and adjusted earnings per share rising 25% to C$3.90. Growth was broad-based across personal and commercial banking, wealth management, and capital markets. The bank raised its quarterly dividend 7% to C$1.76, yielding around 2.5%, and announced a share buyback plan of 3% of shares outstanding. While the stock trades at a premium compared to peers, Royal Bank's diversified model and strong capital position underpin investor confidence amid economic pressures in Canada.

Latest articles

SoundHound AI Stock Moves on $300 Million News

SoundHound AI Stock Moves on $300 Million News

29 May 2026
SoundHound AI shares rose 4.3% to $8.93 Friday after the company launched a $300 million at-the-market stock sale program. The firm reported first-quarter revenue up 52% to $44.2 million but posted a $25 million net loss. Trading volume reached about 10 million shares. SoundHound ended March with $216 million in cash and no debt.
Micron Gains as AI Memory Rally Meets Fresh Samsung Challenge

Micron Gains as AI Memory Rally Meets Fresh Samsung Challenge

29 May 2026
Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

29 May 2026
HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
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