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
TOP PICK
Good, solid core holding. Probably the best managed bank in Canada. Solid earnings. Multiples are creeping up but earnings are going to start to grow again, probably next year.
TOP PICK
TD Capital Trust IV bonds callable in 10 years with a 9.5% coupon yielding about 6.2%. One of the top banks for management. Very solid bank and very profitable. 2.5% better than the government bond.
COMMENT
Extendable step up note starting at 3.6% interest and going to 6.35% over 10 years. (Aimed at retail investors who would rather not do a laddered bond portfolio.) She would figure out effective yield of the life of the bond is and compare it with just a straight 3, 5 and 10-year note in the marketplace to see if there is something more attractive out there. It would be difficult to sell them so it would be a Buy & Hold.
TOP PICK
4.779% bond due12/14/16. Doesn't want bonds that are maturing 10, 20, 30 years out.
PAST TOP PICK
(A Top Pick Jan 27/09. Up 22.67%.) Capital Trust IV bond.
PARTIAL SELL
Canadian banks were a screaming buy back in early March when they had yields of 6% plus. They are now up 40%-50%. If you own, consider taking some profits.
TOP PICK
Banks have had a nice run. Looking for 10% upside. 4% dividend.
TOP PICK
Bank rate reset preferred shares (TD.PR.A-T). Yielding about 7%. When they come to reset in 2013/2014 the majority of them will be called away so basically a 4 or 5-year investment.
BUY
June 2019 Capital Trust bonds. This is a tier 1 hybrid structure that the bank issued earlier this year. The bank is a very sound institution and she likes management and bringing their Tier 1 ratio very high. Bonds have performed extremely well. Attractively priced earlier this year but are now fairly priced. You are getting almost double what you get on a Canada bond.
SELL
Technically, bank stocks have done very well from the end of February until the end of May each year. End of May is when the major banks report their earnings. Historically after that they tend to peak out. Seasonality is turning random and you should consider taking some profit.
HOLD
Have had a very strong run and there is probably more upside. If you've doubled your money, he would take some off the table.
TOP PICK
Likes their US strategy. Have done a very good job with the Ameritrade and the Commerce. Have done a good job with the loan losses at the Commerce. US will still have growth. Great dividend and trading at a discount to some of its peers.
SELL
Probably one of the very best run banks in Canada. It has actually under performed a number of the other stocks on the index. It looks like it is stalling out at a point where he is recommending selling other banks so maybe it doesn't go any further. He would buy in at $41.
DON'T BUY
His sense is that the banks are going to have some challenges going forward from an earnings standpoint. Still has a lot of exposure in the US. Doesn't foresee them continuing to rally.
COMMENT
Could see an additional three dollars and the stock price.
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