perhaps in April when RY hits $80. The last split was April 2006 @ $80. So now the shares are $120 pre-split. I don't think economists or investors will complain if that happens. Job growth will be a major factor in reaching that target.
The only draw back is inflation will be a real concern forcing the rates to increase. I just wonder if we can classify the recession we had as a true recession or just an opportunity to double your net worth in equities that were hard to trust before, at the expense of lost jobs.
I think it is a bit soon for them to announce a stock split. I look for increased dividend and increased buy-back program this year with a split coming next year as long as the economy continues to stabilize.
As much as I am a long-term believer in RY, I don't favour a buyback. Management has demonstrated complete ineptness as far as their timing of buybacks and share issuances. Regular dividends are not something they can mess up and that should be the priority for returning excess capital to shareholders.