TSE:TD
55.79
1.22
(2.14%)
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
More at Wikipedia
Analysis and Opinions about TD-T
Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
April 1, 2020
US acquisitions? He likes holding this and it is the only holding in the banking space they own. The correlation risk of banks to the market scares them. The US market drives about one-third of their revenue. Their wealth management and retail business sets them up well for when the economic recovery takes hold. At today's prices you are getting about a 5.5% yield. This is a good opportunity to buy, especially when interest rates are close to zero. He cautions that the market could go lower, so he would suggest a partial buy.
Show full opinionHide full opinion
US acquisitions? He likes holding this and it is the only holding in the banking space they own. The correlation risk of banks to the market scares them. The US market drives about one-third of their revenue. Their wealth management and retail business sets them up well for when the economic recovery takes hold. At today's prices you are getting about a 5.5% yield. This is a good opportunity to buy, especially when interest rates are close to zero. He cautions that the market could go lower, so he would suggest a partial buy.
COMMENT
COMMENT
March 16, 2020
He expects this to fall to $52. Some Canadian bank stocks are moving up or down 20% in a day, which he hasn't seen since 2009. It's panic. An extreme low for TD is $44. Once the downward pressure is off, these bank stocks will rebound nicely and rapidly. He worries less about banks than tech stocks.
Show full opinionHide full opinionHe expects this to fall to $52. Some Canadian bank stocks are moving up or down 20% in a day, which he hasn't seen since 2009. It's panic. An extreme low for TD is $44. Once the downward pressure is off, these bank stocks will rebound nicely and rapidly. He worries less about banks than tech stocks.
PARTIAL BUY
PARTIAL BUY
March 11, 2020
RY vs TD? These are almost apples to apples. He thinks RY is the bluest of blue chip bank stocks. Both are good quality and both could drop another 5-8% lower from here. He would recommend that you could buy half of your position here.
RY vs TD? These are almost apples to apples. He thinks RY is the bluest of blue chip bank stocks. Both are good quality and both could drop another 5-8% lower from here. He would recommend that you could buy half of your position here.
COMMENT
COMMENT
March 10, 2020
A trading platform that's better than TD Webbroker? He can't get into TD's platform. That's happening with a lot of platforms here and the U.S., given the high volume of trades. It's frustrating, but these are short-term problems. He can't recommend another platform. TD itself is a low-vol stock, but banks aren't cheap enough for him. Long-term, though, you can't go wrong owning a Canadian bank.
Show full opinionHide full opinionA trading platform that's better than TD Webbroker? He can't get into TD's platform. That's happening with a lot of platforms here and the U.S., given the high volume of trades. It's frustrating, but these are short-term problems. He can't recommend another platform. TD itself is a low-vol stock, but banks aren't cheap enough for him. Long-term, though, you can't go wrong owning a Canadian bank.
TOP PICK
TOP PICK
March 10, 2020
A core holding for him. He bought it yesterday. It's well-diversified geographically in the U.S. east coast. They will be a player in online brokerages with merger of Ameritrade and Schwab. Trades at a cheap 8.5x earnings while Canadian banks trade at 10-11.5x. They grow their dividend 10% annually, the leader; earnings grow at 13%. The banks will continue to outperform the TSX. (Analysts’ price target is $73.86)
Show full opinionHide full opinionA core holding for him. He bought it yesterday. It's well-diversified geographically in the U.S. east coast. They will be a player in online brokerages with merger of Ameritrade and Schwab. Trades at a cheap 8.5x earnings while Canadian banks trade at 10-11.5x. They grow their dividend 10% annually, the leader; earnings grow at 13%. The banks will continue to outperform the TSX. (Analysts’ price target is $73.86)
TOP PICK
TOP PICK
March 4, 2020
A quality company with a dividend that just went up 6%. They will be able to increase the dividend going forward. Longer term, growth for Banks in Canada may be slow, but they can add efficiency from technology improvements and asset prices will continue to rise if interest rates remain low.
Yield 4.66% (Analysts’ price target is $77.14)
Show full opinionHide full opinionA quality company with a dividend that just went up 6%. They will be able to increase the dividend going forward. Longer term, growth for Banks in Canada may be slow, but they can add efficiency from technology improvements and asset prices will continue to rise if interest rates remain low.
Yield 4.66% (Analysts’ price target is $77.14)
WEAK BUY
WEAK BUY
March 3, 2020
Favourite Canadian bank. Solid grower in the US. Stock's been beaten up. The banks are going to have a pretty weak year. People are on the edge, so loan losses could increase. Don't go hog wild on the banks. The banks look interesting at these levels.
Show full opinionHide full opinionFavourite Canadian bank. Solid grower in the US. Stock's been beaten up. The banks are going to have a pretty weak year. People are on the edge, so loan losses could increase. Don't go hog wild on the banks. The banks look interesting at these levels.
BUY WEAKNESS
BUY WEAKNESS
February 28, 2020
There is support for TD just below $70. It could be a reasonable time to buy the banks in the near future. There is probably a good chance for upside and it pays a good dividend. He's not overly bearish on banks.
Show full opinionHide full opinionThere is support for TD just below $70. It could be a reasonable time to buy the banks in the near future. There is probably a good chance for upside and it pays a good dividend. He's not overly bearish on banks.
TOP PICK
TOP PICK
February 20, 2020
Owns all 6 big banks. Chose it because it's trading at a market multiple, but typically trades at a premium. In US, consumer is in better shape, employment is still growing, wages are going up. Yield is 3.9%. (Analysts’ price target is $79.40)
Show full opinionHide full opinionOwns all 6 big banks. Chose it because it's trading at a market multiple, but typically trades at a premium. In US, consumer is in better shape, employment is still growing, wages are going up. Yield is 3.9%. (Analysts’ price target is $79.40)
WEAK BUY
WEAK BUY
February 18, 2020
Underperforming? All banks have been limited by low interest rates, but still pay good yields. You're not losing money in TD, but he doesn't see rates changing much. You can expect 8-10% a year, including the yield. 8-10% isn't bad. Low yields will continue to squeeze margins. Anyone should buy banks and he has no worries buying this.
Show full opinionHide full opinionUnderperforming? All banks have been limited by low interest rates, but still pay good yields. You're not losing money in TD, but he doesn't see rates changing much. You can expect 8-10% a year, including the yield. 8-10% isn't bad. Low yields will continue to squeeze margins. Anyone should buy banks and he has no worries buying this.
BUY
BUY
February 18, 2020
It's his biggest bank holding, which he considers a North American bank. All Canadian banks have suffered from low interest rates; they're rangebound. But he's sticking with this, because the US economy is still sound where TD has half its business. TD acquired US companies at a good price. 18 months from now, TD will be much higher. He also like JPM.
It's his biggest bank holding, which he considers a North American bank. All Canadian banks have suffered from low interest rates; they're rangebound. But he's sticking with this, because the US economy is still sound where TD has half its business. TD acquired US companies at a good price. 18 months from now, TD will be much higher. He also like JPM.
BUY
BUY
February 12, 2020
How long can this bull market last? Cyclical bull markets last 24-36 months between major corrections, and we cleared one at the start-2019. Secular bull markets run 15-18 years with interruptions like 2014-5 and 2018. In 1981, the baby boomers hit peak investing years and they peaked out in 2000 which was the end of that secular bull market. The millennials are a bigger group than the boomers--and they've just hit the same point as 1981. So, this secular bull run could stretch into the 2030s. Crashes happen, but don't last. He predicts two years ahead of clear sailing. A generation low in interest rates help. TD will be fine, but he prefers JPM or BAC.
How long can this bull market last? Cyclical bull markets last 24-36 months between major corrections, and we cleared one at the start-2019. Secular bull markets run 15-18 years with interruptions like 2014-5 and 2018. In 1981, the baby boomers hit peak investing years and they peaked out in 2000 which was the end of that secular bull market. The millennials are a bigger group than the boomers--and they've just hit the same point as 1981. So, this secular bull run could stretch into the 2030s. Crashes happen, but don't last. He predicts two years ahead of clear sailing. A generation low in interest rates help. TD will be fine, but he prefers JPM or BAC.
COMMENT
COMMENT
February 7, 2020
His problem with Canadian banks is that the earning growth is from wealth management. Markets were up last year so they were beneficiaries, but the rest of their business was flat. If we see a stall in the markets, you could see bad bank earnings. He is not buying more right now. It is the best of the big banks due to their US position.
Show full opinionHide full opinionHis problem with Canadian banks is that the earning growth is from wealth management. Markets were up last year so they were beneficiaries, but the rest of their business was flat. If we see a stall in the markets, you could see bad bank earnings. He is not buying more right now. It is the best of the big banks due to their US position.
COMMENT
COMMENT
February 5, 2020
RY vs TD vs SLF? He owns both of the banks and he prefers this space over the insurance sector. RY has a stronger approach on the wealth management side, whereas TD focuses on retail customers and has a larger presence in the US. Right now he would favour TD. Canadian banks of been held back as of late because of a unwarranted fear about the housing market in Canada. Dividends with the banks are great too.
RY vs TD vs SLF? He owns both of the banks and he prefers this space over the insurance sector. RY has a stronger approach on the wealth management side, whereas TD focuses on retail customers and has a larger presence in the US. Right now he would favour TD. Canadian banks of been held back as of late because of a unwarranted fear about the housing market in Canada. Dividends with the banks are great too.
WEAK BUY
WEAK BUY
February 4, 2020
A steady eddy. Own it for the dividend and safety. It's defensive. He doesn't believe that Canadian real estate is an exposed industry for the banks; good demand for homes endures. But there isn't a lot of growth to come. A 7-8% return isn't bad.
Show full opinionHide full opinionA steady eddy. Own it for the dividend and safety. It's defensive. He doesn't believe that Canadian real estate is an exposed industry for the banks; good demand for homes endures. But there isn't a lot of growth to come. A 7-8% return isn't bad.
Toronto Dominion(TD-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 63
Neutral - Hold Signals / Votes : 15
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 83
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, 83 stock analysts published opinions about TD-T. 63 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is PARTIAL BUY. 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 Brett Girard, CPA, CA, CFA on 2020-04-01. 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?
83 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 2020-04-03, Toronto Dominion (TD-T) stock closed at a price of $55.79.
