Toronto Dominion (TD-T)
3000 watching
TSE:TD
99.21
1.09
(1.09%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 24, 2022, 9:00 pm
0
BUY
Both are good banks and look fine. The dividend will probably increase. As with other banks they are good for buying in the short and mid term but there will be competition in the long term. He owns TD but BMO.
banks
$98.260
Owned
BUY
TD vs. NA He prefers TD over NA and advocates taking profits if a position has become overweight. Opportunity in TD looks better for 2022. TD is over-capitalized the most. Its US-centric footprint is more net-margin sensitive than Canadian banks. With interest rates poised to rise, this should advantage TD. Its capital markets business (with lots of operating leverage) is less important to its earnings than NA, and this will weigh on NA. NA's CEO is new, whereas TD's is seasoned.
banks
BUY
It will benefit from rising interest rates. Also it will benefit from the transition from capital income to fee income. It has $13 billion in excess capital and $11 in Charles Scwab. He owns it.
banks
PAST TOP PICK
(A Top Pick Dec 14/20, Up 37%) She likes this sector. They will release more reserves. She likes their exposure to the U.S. They have a strong capital base, good for downside protection. They hold an interest in Schwab which is a source of cash.
banks
COMMENT
Top Cdn Bank? TD and BMO are the two he recommends as they recently beat earnings expectations. He likes them both for their US growth opportunity. BMO raised their dividends significantly. Very safe stocks to hold.
banks
BUY
Has owned TD for a long time, likes the stock.
3.7% Divided Yield.
Overcapitalized which allows to buyback shares and increase dividends.
Over reserved in March of 2020.
Great retail and commercial franchise in Canada & USA.
Not too expensive at current prices.
banks
HOLD
Time to take profits? Don't let market conditions dictate your decision making. Well run. Good US exposure, that's where the growth is. Reasonable valuation. Compelling yield compared to bonds is around 3-3.25%.
banks
TOP PICK
Stockchase Research Editor: Michael O'Reilly Following recently reported earnings that beat expectations, TD is a TOP PICK. As concerns swirled about the Canadian banks, TD beat earnings expectations by over 8% as EPS grew 56% over the year. Loan loss provisions are declining as volume of loans is increasing. It trades at 12x earnings compared to peers at 13x and is valued just under 2x book value. It pays a good dividend (which was increased by 12%), backed by a payout ratio under 45% of cash flow. We would buy this with a stop loss at $89, looking to achieve $126 - upside potential over 32%. Yield 3.35% (Analysts’ price target is $125.73)
banks
BUY
In a non-registered, RRSP or TFSA over 10 years? It depends on your situation and the size of each account. Start with the TFSA--the more you grow tax-free, the more it benefits you. Remember, you can't claim a loss in a TFSA. TD is his largest bank holding and the best bank.
banks
HOLD
He owns TD and RY right now. Setup is interesting. OSFI recently released the handcuffs on dividends and share buybacks. Usually banks do well at the beginning of a tightening cycle. We're in a tremendously over-leveraged economy. As we go along, and rates rise, banks on the other side of this credit cycle might have a tough time. He's as underweight banks as he's ever been. TD and RY are still great franchises, but he's not that excited about the banks. They can go higher, but you have to evaluate the risks of the credit cycle.
banks
BUY
Don't be afraid of a company that's making a steady advance, especially if the sector they come from has a tailwind. Financial sector is currently one of the best performers currently. Good conditions such as rising bond yields and improving economics. Added fuel of dividend increases will be very attractive. TD made this same high in May, has been consolidating, and this could kick off a new leg in the rally. He prefers NA and BMO, some US banks, and look at HCG.
banks
TOP PICK
We've chosen TD from the group, based on the historical pattern of the last one now, will later be first. TD has underperformed its peers so far in 2021. Through the first three calendar quarters, TD has gained 17%, while top dog, National Bank, has run twice as far. Actually, this isn't completely accurate; Bank of Nova Scotia has fared slightly worse than TD, but BNS carries more risk because a substantial part of its business is in Latin America which is not exactly known for growth or dependable performance.
banks
PAST TOP PICK
(A Top Pick Sep 14/20, Up 39%) Great franchise in Canada and the US. Share buybacks and dividend increases are coming. Over-reserves can move back into earnings. Net interest margins are tougher with the volatility. Long-term, a powerful brand. Sale of Ameritrade gives them capital to deploy.
banks
HOLD
It's lagged a little. It had a severe premium valuation. Like the other banks, they did well with reserve releases. ROE is decent. TD has spent a lot to expand in the U.S., so there's a lag in profitability--they are doing well in the U.S. It's reasonably priced now, in the middle of the bank pack. It pays around 3.8%. He prefers BNS, RY and Commerce. He can't all the banks all the time. Not his first choice, but if he already owned TD, he'd hang onto it.
banks
TOP PICK
She likes the banks, releasing provisions put on last year. When the banks will be allowed to raise dividends and buyback shares, TD will likely hike its dividend by double digits. TD has the strongest capital position among the big banks. TD trades at a premium valuation to the group. They have a strong retail presence in Canada and the U.S. and so will benefit as those economies recover. They have a position in Schwab, a nice source of capital. (Analysts’ price target is $92.85)
banks
Toronto Dominion(TD-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 22
Neutral - Hold Signals / Votes : 4
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 26
Toronto Dominion(TD-T) Frequently Asked Questions
What is Toronto Dominion stock symbol?
Toronto Dominion is a Canadian stock, trading under the symbol TD-T on the Toronto Stock Exchange (TD-CT). It is usually referred to as TSX:TD or TD-T
Is Toronto Dominion a buy or a sell?
In the last year, 26 stock analysts published opinions about TD-T. 22 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toronto Dominion.
Is Toronto Dominion a good investment or a top pick?
Toronto Dominion was recommended as a Top Pick by on . Read the latest stock experts ratings for Toronto Dominion.
Why is Toronto Dominion stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Toronto Dominion worth watching?
26 stock analysts on Stockchase covered Toronto Dominion In the last year. It is a trending stock that is worth watching.
What is Toronto Dominion stock price?
On 2022-01-24, Toronto Dominion (TD-T) stock closed at a price of $99.21.
