TSE:TD

Toronto-Dominion Bank (TD.TO)

175.00
+0.96 (0.55%)
as of Nov 2, 2026, 9:00:00 pm Market Closed.
2219 watching
0
PAST TOP PICK
(A Top Pick Nov 19/09. Up 13%.) Gone substantially more into retail banking in the US. Well managed bank with a great model. (See Top Picks.)
TOP PICK
Just reported very solid numbers. Likes the US where they are quite profitable. Could see $80. About 3% yield and is almost certain they will raise the dividend in 2011.
TOP PICK
Has done a strategic job of getting into the US market and operating their acquisitions. He is buying below $70. There is no rush.
COMMENT
Capital Trust II bonds callable 12/31/2012 due 2025 with a 6.792 coupon rate. Likelihood of them being called on 12/31/2012? Very high probability as banks have always called them even during a crisis. Banks are over capitalized right now.
PAST TOP PICK
(A Top Pick June 24/09. Up 10.74%.) Bank rate reset preferred shares (TD.PR.A-T). Still likes.
TOP PICK
(A Top Pick Aug 5/09. Up 13% including dividends.) This is his core Canadian bank holding. Still reasonably priced at 10X next year's earnings. 3.5% dividend yield. Likes their recent moves into the US.
WEAK BUY
Deploys capital very efficiently. Big risks going forward would be expansion in the US but have such a dynamic retail business he is not concerned. Expect a normalized rate of return of dividend plus 5%.
PAST TOP PICK
(A Top Pick Aug 5/09. Up 13.39%.)
TOP PICK
Sees 14% earnings growth from 2011 versus 2010. Dominant market share in Canada in the personal/commercial business. Growing in the US. Part of the earnings growth comes from his belief that credit losses will continue to improve. As interest rates rise, it helps the margins.
PAST TOP PICK
(A Top Pick July 21/09. Up 13%.) 4.779% bond due12/14/16. This is one of his favourite banks. Good balance sheet.
BUY
If you have a horizon of more than 3 months you will be happy. The strong consumer franchise in the States will work out. Now is the time to buy.
PAST TOP PICK
(A Top Pick June 25/09. Up 25%.) His favourite bank.
PAST TOP PICK
(A Top Pick June 24/09. Up 9.63%.) Bank rate reset preferred shares (TD.PR.A-T).
BUY
Likes Canadian banks at this level. Very good PE ratio and dividend yields. This is his favourite, followed by Royal (RY-T). Made very good acquisitions in the US market.
HOLD
At the peak price in the current market rally. Great management at handling risks. Shown tremendous resiliency to manage US credit issues. Have made fantastic acquisitions that should bear fruit in the long-term.
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