Toronto-Dominion Bank (TD.TO)

Valuations are a little more compelling in the context of higher consumer and corporate loan growth. There is also more of a capital redeployment story in the US. This bank has the 5^th largest deposit base in North America. That deposit base, which is under leveraged, represents an opportunity for them to significantly increase loan growth. They should benefit from higher interest rates.

It broke out since he was on last. All the banks except CM-T did that. It is a little parabolic. It is probably a little overbought. If you saw a pullback it should not go below $70 and would be a great buying opportunity if it did pull back.

He loves the banks. This is Canada’s most efficient bank. They are doing a wonderful job in the US. If you are worried about the impact of the Canadian housing market on the banks, this one would be one with less exposure. Prefers National Bank (NA-T). Expects a 7%-8% dividend increase this year.

Has liked this for very long time. It has been the most farsighted and prescient with things that would be, including getting rid of all those mortgage-backed securities in 2007. It has lots of upside potential, as do all the banks. However, it has had a nice run. Technically it has an easy target of about $75-$76. Based on the last 10 years of trading, that is probably going to be it for the time being.

This has evolved. Back in 1997 when he first started owning this, they were very heavily into corporate banking and corporate lending. In 2002 they were part and parcel of the hit when Enron blew up, having been one of the biggest lenders. With their US holdings, it allows him not to have to own a US financial. 3.3% dividend yield.

RY-T vs. TD-T. They both look very attractive at these levels. From the beginning of September until the last week in November. This year rate increases are going to help. We are testing an all time high and they will likely head up.

Prefers US banks to Canadian banks, but this one is becoming more and more a US bank. If you don’t want to buy US banks directly, this is a reasonable way of playing the US banking business.

One of his favourite banks. They’ve done an exceptional job of moving into the US market place. A well-known bank brand, and he sees that continuing. It is a back-door way of getting US exposure into a Canadian portfolio. He sees the dividend continuing to grow. A well-managed bank and they don’t make missteps.

This is in the right sector. It is going to give you as much safety as you are going to get by and large, through the SPDR Financial ETF (XLF-N). Chart shows a good long base from 2014 and into 2016, followed by the 1^st thrust in the latter part of 2016, i.e., the Trump bump. You want to see it get above the recent high of around $71-$72. It is the best bank out there. (Analysts’ price target is $74.)

(Market Call Minute.) Canadian banks are all great Holds, and this is still the best performing stock over the last 20 years in the banking sector, and will probably do just fine going forward

Just announced they were buying back about 20 million shares.He generally likes share buybacks. Feels this is a sign that they feel that they have more cash than they need. That is a good sign for the market. This price is as good as any.

This just blew out the numbers last quarter. Trading at a reasonable 1.7X BV. Great ROE in Canada, but are adding a fair amount of earnings power through their US network. With interest rates going up in Canada, and somewhat in the US, that benefits the bank. Dividend yield of 3.6%. (Analysts’ price target is $74.)

She likes the banks, and this one in particular. They had a very strong quarter. A year ago, people thought they were overvalued versus historical. Now, in terms of price to earnings and price to BV, they are in line with historical. Rising interest rates should be positive for banks. She also likes their US exposure. Dividend yield of 3.6%. (Analysts’ price target is $74.)

Historically Canadian banks reach a fairly important low around the end of September, and then move higher through until the end of November, when banks report 4^th quarter results. CEOs love to give you good news at that time. We are just about to enter a period of seasonal strength for this bank. Chart shows the price has been coming down, but has formed a nice base. Recently the stock has started to show positive momentum, and also has moved above its 20-day moving average. It might be a little early for a seasonal trade, but this is an interesting opportunity going into the fall.

Numbers were good, but he was disappointed in their US numbers. Thinks they have sorted things out with their branches and their staffing and will do better. At one time, they were trading at a premium, but that premium has gone away, but it will come back. Dividend yield of 3.6%. (Analysts’ price target is $74.)