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
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.
TOP PICK
Capital Trust IV, June/19 @ 9.52%.
COMMENT
Not any worse off than any of the other banks.
PAST TOP PICK
(A Top Pick Dec 27/07. Down 30%.) Still likes. Quality management. Strong retail focus. One of the few banks that grew its dividends. Still a Buy.
DON'T BUY
Loath to put any money into financials right now. Thinks there are lots of bad loans coming the banks’ ways. Things are not going to look good for the banks for a while. Doesn't like their exposure in the US at this point in time.
Showing 1,366 to 1,380 of 2,223 entries