Royal Bank of Canada (RY.TO) enters the next three years with improving fundamentals and a firm share-price backdrop. Over the last year the stock is up 21.88%, sits near its 52‑week high of 204.60 after a recent 199.58 close, and outpaced the S&P 500’s 16.84%. Revenue (ttm) is 60.27B with quarterly revenue growth of 15.30% and quarterly earnings growth of 20.80%, underpinned by a 31.77% profit margin and 14.73% ROE. The bank continues to return cash, with a forward dividend of 6.16 (3.09% yield) and a 44.78% payout ratio. Strategically, management is exploring a potential $2 billion sale of Moneris (with BMO) and partnering with a new defence bank, while Barclays recently flagged stronger Q3 prospects and raised its price target. These drivers frame the risks and catalysts ahead.

NVIDIA enters August 2025 with record scale and profitability. Over the last twelve months, revenue reached $165.22B and net income $86.6B, supported by a 60.84% operating margin and 52.41% profit margin. Quarterly revenue and earnings growth remain brisk at 55.60% and 59.20% year over year, while cash of $56.79B and a 4.21 current ratio underpin flexibility. Shares have been volatile but strong, climbing 61.28% over 52 weeks, within a range of $86.62–$184.48, and recently closing near $174.18. Management projects $54B in Q3 revenue despite H2O chip export restrictions to China, and analysts such as Oppenheimer maintain an Outperform view amid accelerating hyperscaler capex. This three‑year outlook assesses how AI demand, product cadence, supply constraints, and policy risks could shape NVIDIA’s fundamentals and share price through August 2028.

As of August 2025, Deutsche Telekom (DTE.DE) enters the next three years with a sturdy cash engine and measured growth. The company delivers trailing‑12‑month revenue of 120.55B and EBITDA of 41.54B, with a 23.31% operating margin and 10.45% profit margin. Cash generation remains strong (operating cash flow 40.92B; levered free cash flow 14.45B), supporting a 0.90 per‑share dividend (2.87% yield) at a 35.02% payout. Balance‑sheet leverage is elevated (total debt 140.31B; debt/equity 156.36%) but liquidity is adequate (current ratio 1.12). Shares are up 21.25% over 52 weeks, recently around 31.22, within a 25.62–35.91 range; beta is 0.47. Recent headlines show a consensus “Strong Buy” tempered by a downgrade and a brief price pullback. Our outlook weighs resilient cash flows against modest revenue growth and high debt.

Aegon N.V. (AGN.AS) enters September 2025 with rising momentum and a larger buyback in place. The shares closed the last week of August at 6.72, within sight of the 52‑week high of 6.99, and up 21.63% over the past year. Fundamentals remain solid: trailing twelve‑month revenue of 13.07B, profit margin of 10.13% and return on equity of 14.96%. The stock trades at 8.62x trailing and forward earnings, 1.14x book, and offers a forward dividend of 0.38 (5.65% yield) ahead of a 9/3/2025 ex‑dividend date. With market cap at 10.58B and enterprise value at 11.65B, investors are weighing capital returns against execution and cash‑flow quality. This note outlines a three‑year outlook centered on the buyback, the dividend, and the durability of earnings.