TD BankTD.PR.T.TOPAST TOP PICKMar 08, 2018Stock price when the opinion was issued
We think $78 is a good buying starting point.
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Shareholders in company - current share price a good place to buy. Fines and anti-money laundering investigations a concern for investors. Large amounts of money will be involved to beef up compliance requirements. Appears regulator won't be too harsh on company. Will continue to own share - is a dominant franchise with good business prospects.
(A Top Pick April 12/17 - Up 16%.) Not bad for a Canadian Bank. Strong growth in the US. One of the three banks they owned. They are benefiting from the US tax reform.