Toronto-Dominion Bank (TD.TO)

Puts one month at a time. Naked put (undercovered put) writing is okay if you have cash behind it. Likes a covered call in terms of return. He would be concerned if the put got exercised.

Looking at all the Cdn banks right now, they all have that long, lovely, slow upward sweeps. Not only upward sweep in price, but also in Book Value. That will tend to carry on until the end of the market, whenever that is. At that point however, the nice benign behaviour stops and they take on tremendous volatility and they tend to fall very, very rapidly. This is currently probably in the 60^th percentile off the bottom. Definitely up but not widely expensive right now.

(Market Call Minute) Prefers Insurance. Decent dividend and tepid earnings.

Preferred Y. 3.5595%. (Top Pick Nov 22/13, Down 0.19%) Still a good pick. 3.6% dividend for the next 5 years.

(Top Pick Feb 25/13, Up 22.15%) Thinks he has another good year ahead of him. Likes their US exposure. As they acquire more credit card accounts they can cross sell other services. Thinks you will see a pickup in net interest margins and income. Loan rates go up faster than interest rates.

Banks are great vehicles for TFS accounts where they are going to be held for 3 or 5 years. Banks should do well in the next year. Won’t be the best performers, but you should do fine. Nice dividend yield.

(Market Call Minute.) Has really good US exposure and he is bullish on the US. This will benefit from higher net interest margins.

Looking for 8%-10% growth this year which seems to be the norm. If you believe the US economy will continue to grind higher, 26% of their revenues come from the US. One of the more healthier dividend growth names in the banking sector. Expects dividends to grow by approximately 10% per year. 3.5% dividend yield.

Considers this the “best in class” in Canadian banks. Has growth dynamics, great retail assets, ROE is so superior to all the others, but most importantly they have access to the US. About 55% of their revenue comes from their US exposure. Trades at 2X BV but does trade at about 10X earnings. Yield of 3.5%.

Premier Canadian banks with good growth opportunities with significant presence in the US. A good way for Canadians to get US exposure. A good pick.

(A Top Pick May 3/13. Up 20.86%.) Likes companies that have strong positions in Canada which allows them to get some operating leverage in Canada in an environment that is going to be slightly more challenging. Likes their US operations where they are well-positioned to increase the profitability.

There is never a bad time to buy a Canadian bank. They are an oligopoly and have pricing power. They are highly profitable. All the banks are worthy investments. Now is a fine time to buy in. He holds 4 of them.

If you are planning on holding this for 5-10 years, buy it now. Trading at a nice valuation. It is going to raise its dividend this year. They are in excess cash and are going to make more acquisitions. Smart operators. Banking financial services is cyclical, so not every year is going to be the best year, but if you are buying it at 11X earnings with a 4% dividend yield he would be buyer. (See Top Picks.)

This bank is doing really well. It’s at its 20 day moving average. This is very positive. Uptrend is mostly intact. The $47 is the 100 day moving average where it is now. An exit point will be right around $46.25 level. Be willing to get out and maybe buy it back if it gets down to $42.

(A Top Pick Jan 22/13. Up 20.6%.) Doesn’t think he will see 20% this year and in fact, it will be closer to 11%. A great way to play growth in North America, particularly the US. As they acquire credit card companies and credit card portfolios, it gives them a great opportunity to cross sell. For people looking for stability, growth in dividends and a reasonable capital return this is one of the best.