Toronto-Dominion Bank (TD.TO)

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.

Dividend stock for a TFSA? He doesn't run a dividend portfolio, so his response may not be the best. This bank is a great business. They have also done well in the US. Has a pretty decent yield and growing their earnings at 4%-5%. Dividend will probably grow 4% to 5% a year. However, Canadian banks have done so well for so long without risks, and at some point Canada could have a correction in its real estate market. If this happens, banks are going to have exposure to it.

A very interesting holding for investors, because amongst Canadian banks, it has probably had the most success in the US. Has more branches in the US than they do in Canada. With a stronger US$ in earnings coming back to Canada, it is going to have a multiplier effect on their bottom line.

One of his biggest positions, held since day 1, about 11 years. Their US expansion should start trickling down money soon. Their capital ratios are high and it only trades at 10 times forward earnings. Expects 8-12% rate of return.

Thinks all the Canadian banks will continue to increase dividends 5%-6% every year. Likes their exposure in the US because the US economy is growing, which will benefit this bank. Made a few acquisitions to garner a larger retail presence in the US. Her target price is about 10% higher, and it keeps moving as things keep improving. With the dividend rate at 3.5%, you can get a 12% total return that is quite attractive.

Preferred Y. 3.5595%. (Top Pick Nov 22/13, Up 4.69%) Old style rate reset preferred. He is still confident in holding this one.

In a rising interest rate environment this one would do the best in the US. Just buy it now. No reason to wait. It already had a good pullback.