TSE:TD

Toronto-Dominion Bank (TD.TO)

171.48
+1.11 (0.65%)
as of Sep 18, 2026, 8:00:00 pm Market Open.
2220 watching
0
DON'T BUY
Most of the banks are trading where they where in the 1st half of last year. Fundamentally it is not as strong as some of the other banks. The sell off that has occurred in the last couple of days in a row does not look very good. Has the potential to go down to $69. Be very cautious. (See Top Picks.)
BUY ON WEAKNESS
He is not rushing into the banks at the present time. US banks are under a lot of pressure and this tends to spill over. This is one of his core bank holdings and he is not selling. Dividend is not bad. Thinks he might be able to get it cheaper.
BUY
Acquisition of Bank of America (BAC-N) credit card portfolio will add $0.05 a share next year and $.10 the year after. Credit cards are going to be a more profitable business going forward.
TOP PICK
(A Top Pick Aug 11/10. Up 10.13%.) Best managed bank in Canada. Trading down now at just a little over 10X earnings. Almost a 3.5% yield. Great growth prospects in the US. Purchase of the credit card portfolio in the US today was a good move.
TOP PICK
(A Top Pick Sept 2/10. Up 8.41%.) Likes the growth as a result of some of their acquisitions. Has the most profitable US retail system of any Canadian bank. Very well managed. Get 1.8 million new customers with their latest acquisition.
TOP PICK
One of the best in class. Revenues stream is split about 88% personal/commercial and 12% wholesale. Likes their US operations. Very safe.
HOLD
Financials are suffering from the situation in the US. Big fear is that if an impasse isn't avoided, there would be a pop in interest rates, which is an environment that banks do not do well in. Banks are in a bit of a margin squeeze on their margins versus their lending. Wouldn't add at this time.
BUY
One of his top holdings. Executing very well. Strong domestic franchise. Expects the US market will continue to be a sleeper for them in terms of being a positive. His target is $90.
PAST TOP PICK
(A Top Pick July 20/10. Up 15.53%.)
DON'T BUY
On a multiple basis, it is at the middle of the pack. Are doing better execution in the us than others. Prefers BNS.
COMMENT
Preferred shares. These pay a fixed dividend so if you think interest rates are going up and inflation is increasing, fixed dividends are not attractive. (Thinks reset rates preferreds are terrific investments.)
TOP PICK
Safe, has the best managed and combination of retail Canadian banking and the best US retail system of the Canadian banks. Thinks it deserves a premium and thinks you will see a dividend increase.
TOP PICK
Likes their US exposure. Has become a dominant player in the US in a number of markets they are in. Best managed bank in Canada. Trading at 11X earnings. Yield of about 3.25%.
COMMENT
Toronto Dominion (TD-T) versus Royal Bank (RY-T) for a long-term hold and dividend yield? TD has been building a strong retail franchise and is his favourite. There consumer loan book has been growing. Likes their acquisition of Chrysler Financial. Royal has had way too much leverage/exposure to trading revenue.
BUY
His favourite bank. Likes their high-quality US acquisitions and expects they will earn a lot of money. Banks have had a big run and have come off a little bit from their peaks, but good stocks for the long haul. If you can get this below $80 and you are patient, you will do very well.
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