Toronto-Dominion Bank (TD.TO)

(A Top Pick Dec 30/13. Up 15.26%.) Of all the Canadian banks, this has the most positive leverage and exposure to the US banking.

In the context of a normalized portfolio, all of the big 6 banks have a Canadian franchise, and then they have something else tacked on. The tack-on with this bank is a very large US operation, and when you look around at the global economy, the US is probably going to be a star performer. Thinks this is the bank that will do the best.

There is lots of talk of interest rates going higher. We should disregard the latest earnings.

A core holding for him. There is a lot of foreign selling here. If you don’t own some, you could Buy on this dip. If you do own, he would just wait it out. The yield is safe. A good quality bank.

A good bank. Likes it because of its US exposure. He was quite disappointed that their US numbers weren’t better. Have had a big expansion into the US and are into Florida in a big way, and expects this will pay off. This is a core stock for anybody’s portfolio. Buying on a pullback is not a bad idea.

Would own it if he was to own another Canadian Bank. They have all the branches, but they don’t make all the money the others do in the Canada. The expenses are starting to get a bit out of line. When you are growing a lot sometime your expenses get a lot out of line.

A very, very well-run machine. Doesn’t have the capital market exposure, so isn’t getting hit like Bank of Montréal (BMO-T) or Royal (ROY-T) are today. More of a US retail bank. A solid, well-run organization and they grow their dividend consistently.

Likes this very much and likes the Canadian banking space. Have a bunch of smart management who are doing the right things. Wouldn’t be surprised to see the stock higher in 12-24 months.

This is lagging the other groups on a short-term basis, but the chart shows a nice solid trend line going up. It is banging right into the 21 day, around $51, right now, which is important for short-term traders, and he would like to get above that. He would like to see it test the October low again of about $48, or break out to a new high. You could buy this knowing that the downside is kind of limited and knowing you don’t have to wait too long for an upside breakout.

Toronto Dominion (TD-T) or Bank of Nova Scotia (BNS-T)? Thinks all the Canadian banks are a good deal for the retail investor generally speaking. Of these 2, he would prefer this one in terms of their key franchises. He thinks that the retail consumer banking franchise that this bank has, is an even stronger bet than the current Caribbean, Latin American business. However, they are both really high quality global banks. Well capitalized and very well-run.

Toronto Dominion (TD-T) or Northland Power (NPI-T) for dividends? Doesn’t know if he would be adding money to the banks at this time as they are rather expensive.

(A Top Pick Nov 7/13. Up 22.96%.) They have actually lagged in the US, in terms of loan growth. They’re not quite getting the follow-through that he would have hoped. It represents the best exposure to the US of any Canadian bank.

Normally prefers BNS-T because of Latin American exposure but that has not done so well recently. Loves the ZEB-T equally weighted bank ETF.

(Top Pick Nov 25/13, Up 20.25%) He is holding and buying for new accounts. Would be a Top Pick, but the show does not allow more than 1 Top Pick from the last year. He is also in BNS-T now. There will be lots of cross selling to the US consumer.

This came out with gangbuster earnings. Thinks the Q4 will be as good as well. This is the cream of the crop when it comes to banks. The only one better would possibly be Royal Bank (RY-T). If we are looking for interest rates to move higher, he would prefer to own this over any other bank. Their wealth management is doing extremely well. They are doing well on the US side. Personal and commercial loans are performing well.