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Source RBC Wealth Management Bloomberg data through 11 13 24 Overall we recommend holding an Underweight position in UK equities but we believe select quality large caps remain attractive long term opportunities as they trade at a valuation discount to peers listed in other markets

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RBC FY2024 net income 11 boosted by HSBC deal strong wealth management metrics RBC beats analyst forecasts for the fourth quarter and full year on solid average volume growth and higher spreads in retail and commercial banking and higher corporate investment banking revenue in capital markets

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