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
COMMENT
One of her favourite banks. Management is very strong. Likes the two-pronged strategy into the US. Good dividend yield. Well positioned.
COMMENT
Losses in financials are going to continue. Wouldn't “Buy and Hold” any bank. You could buy for a trade and sell on a bounce. Just announced earnings that were okay. Balance sheet continues to expand which he doesn't like.
COMMENT
Not buying any banks right now but if he was this would be his Top pick.
BUY
(Caller has a 10 to 15 year time horizon.) With that time horizon, this is almost a no-brainer to Buy now but could go lower. Will have weak earnings through 2010 but doesn't think they will cut dividends. Expects loan losses for a few quarters.
TOP PICK
Think you will be able to buy this one at $30. Probably in the best shape of all the banks.
WAIT
Owns very little positions in financials. Street is very nervous that there are skeletons in the closets. They report next week.Wait for things to turn up a bit.
HOLD
Good basic Canadian bank. Has been increasing its share of Ameritrade, which is good. Nice dividend.
BUY
IV notes issued Jan 15/09 at 9.5%. Called Tier One Capital. Hybrid securities because have characteristics of both debt and equity. Think of it as a deeply subordinated fixed income instrument i.e. it pays a coupon. Price has gone up so the yield is about 8.75% now.
COMMENT
Doesn't like any financials. A Pairs trade could be very attractive if you own one. The Short would be on one of the US banks or an ETF. 6.25% yield.
TOP PICK
(A Top Pick Feb 6/08. Down 38%.) Excellent management with a very disciplined approach on managing. Very well positioned to take part in a recovery. US business is potentially in great shape with more deposits than loans.
DON'T BUY
Almost across the board, there is a collapsing profitability in Canadian banks. He has been nervous about this area for quite some time. Except for CIBC (CM-T) ROE seems to be falling quite rapidly.
WAIT
Likes this bank and management. The biggest risk, short-term, is what is inside their US Commerce Bank. Would like to see another quarter or 2 of data.
TOP PICK
Credit performance has been really good. 6.1% dividend yield. Because he doesn't think there will be a lot of upside, he has also written a $46 call option.
BUY
If Canadian consumer starts to deteriorate, it will hurt retail banking. Canada is a very resource oriented country and their loan book will become more difficult. However, they have very good tier 1 ratios and he would buy at these levels.
TOP PICK
6.1% yield. Strong, diversified portfolio. Have talked about being prepared for loan losses in a real economy for well over a year so they are well positioned.
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