TD BankTD.PR.T.TOTOP PICKApr 28, 2023Stock 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.
Believes shares have been unjustly sold off.
Good time to buy for long term investors.
Excellent balance sheet with large earning potential.
Strong brand and place in Canadian customers mind.