Toronto-Dominion Bank (TD.TO)

All Canadian banks have seen a pullback, which is a buying opportunity. Other banks pay more yield than TD, whose valuation is slightly higher. Buy the best valuation when you enter a Canadian bank stock. But he wouldn't be worried owning TD now.

Still confident with TD. It continues to trade at a premium to its peers due to its outsized presence in the States. It's one of three Canadian banks he owns and he's very happy to. 3.7% yield.

The sector had performed well up to the last few weeks. Banks generally benefit from rising interest rates. However, deposit rates will go up as well, albeit much slower. The bigger risk for Canadian banks is the slowing loan growth. He likes TD because of the US exposure. It is a good valuation at these levels. It remains a long term hold for him.

It has a good possibility of pulling back to $67, where it would be a spectacular buying opportunity.

Owned since 1995. Dividends have grown, and faster than other Canadian banks, which bumps the share price. Owns TD, a Swedish bank, HBSC in India, and Jardine Matheson. Better than owning all 6 Canadian banks. Cash flow lets these companies raise the dividend so you can double your money faster. Yield is 3.6%.

Like any of the Canadian banks he feels they have a place in the portfolio. If you are investing for the long-term, this bank is one of the better ones to own. Continue to hold it. They are trading at a five year low on a P/E basis giving you a little of a buffer.

It's one of his largest holdings. Attractively valued with 8-10% earnings growth. TD and RY are the top two Canadian
banks. Likes TD's American exposure. Slow and steady growth for this sector historically. This sector should anchor your portfolio and can withstand an economic downturn.

He agrees with yield curve not inverting for another 3 years, as per Jerome Powell. One of the better banks to own. Modelling 7% EPS growth. Trading at a premium. If you own it, stay with it. BMO is a better deal right now.

The expectation is that the rate is going to invert next year. That is not good for banks. If you believe that next year is the great inversion, you don’t want to own any financials. Period.

He favours TD-T of the major banks due to their brand diversification and product mix. Canadian banks, in general, are reasonably valued. He is recommending to buy some, but not creating a large holding at this time. This would be at the top of the list, although BNS-T might be better value right now.

Do you see TD hitting $87 in Q4? He'd rather buy a US bank or at least a Canadian one with US exposure--TD and BMO. Both have excellent loan growth in the U.S. You're paid a good yield by TD and it's trading better than most of the S&P 500.

This has been a go to bank, because of their US exposure. It could make new highs and there are not a lot of warts with this one. At some point you would be better off holding a US bank as some there are trading at lower valuations. There will be other leaders going forward.

(Past Top Pick, May 25, 2017, Up 29%) Great retail operations in Canada and U.S. They increased their dividend 10% this year, and boast the lowest payout of all the Canadian banks. They'll continue to do well, given their U.S. presence and interest rates rises.

(A Top Pick September 12, 2017. Up 23%). This is now trading at record levels even though the bank itself has not done that well this year. The stock was knocked down in the summer because of sales practice issues but has fully recovered. It has led the big 6 banks this year. She likes the growth arising out of the US exposure and considers the 4% yield a good yield. The company increases earnings at the level of earnings growth. She expects 15% earnings growth this year, which suggests a likely rise of 15% in the dividend. Next year, as US growth moderates, she expects growth to slow to the single digit level. This is not the type buy in her current stock universe, but she still recommends buying it on a pullback. Yield just under 4%.

(A Top Pick Jul 19/18, Up 4%) It is one of the largest companies in Canada. Half of it is a US bank and has been a great engine for growth.