Toronto-Dominion Bank (TD.TO)

Good, top quality domestic bank platform. Will be able to weather the storm better than others. 3.5% dividend yield that he expects to be boosted. Report next week and he expects them to be at the top of the list. Over time there is potential for the entire bank group to be valued upward. Would be comfortable adding today, or staggering over next little while.

His favourite bank. Not ultra cheap on a Price to Book but it gives you US exposure in a very safe way. More than 50% of revenue comes from the US now.

Has the highest upside potential to target. All the banks have had good returns but this one has the best. Retail margins will be somewhat pressured but this is the best operator in Canada. Wealth management business continues to do well. US investment and business will be the sleeper and will be a key driver going forward. 3.5% dividend yield.

(A Top Pick Aug 15/11. Up 9.14%.) Thinks they are going to raise their dividend 2% or 3% when it reports next week. Stock should be $85 a year from now.

(A Top Pick Aug 15/11. Up 6.51%.) His favourite Canadian bank. 10% earnings growth and 3.5% yield so it is still a buy.

Holds a residual Nov 1/17 but resets on Nov 1/12. Reset is 100 basis points over the 3 month Bankers Acceptance Rate. What happens to the residual on Nov 1/12 if TD does not call the bond? Should I sell before Nov 1? There is no question that you will get your money back on Nov 1/12 but you could sell before that.

Sees better earnings growth than on Bank of Montréal (BMO-T) but their dividend is only 3.6% compared to Montreal's, which is over 6%. Expect they will have another dividend increase this year. Likes their US acquisitions and sees good opportunities to increase loans, mortgages and other wealth management services. Looking for about $90 one year out.