TSE:TD
59.92
1.18
(2.01%)
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
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Toronto Dominion
TD-T
Analysis and Opinions about TD-T
Signal
Opinion
Expert
BUY
BUY
July 8, 2020
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
Show full opinionHide full opinion
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
PAST TOP PICK
PAST TOP PICK
July 7, 2020
(A Top Pick Jul 11/19, Down 18%) Loan loss provisions shadow the banking sector, not to mention very low interest rates. But their assets will produce steady revenues and returns long term. Their US operations in banking and the Ameritrade deal are positives.
Show full opinionHide full opinion(A Top Pick Jul 11/19, Down 18%) Loan loss provisions shadow the banking sector, not to mention very low interest rates. But their assets will produce steady revenues and returns long term. Their US operations in banking and the Ameritrade deal are positives.
TOP PICK
TOP PICK
July 7, 2020
It's a dominant player in Canadian commercial and personal banking. It has large, growing presence in banking along the US east coast that they will expand. TD has been consolidating US regional banks and will likely continue. The TD Ameritrade merger with Charles Schwab is pending but will create an online trading powerhouse that TD will have a stake in. TD has a strong wealth management business in Canada. Overall, the company is balanced and consistently grows their earnings 7% compounded in the past decade and grows their dividend. The Canadian bank oligopoly has outperformed the TSX in the last 19 of 25 years. (Analysts’ price target is $62.83)
Show full opinionHide full opinionIt's a dominant player in Canadian commercial and personal banking. It has large, growing presence in banking along the US east coast that they will expand. TD has been consolidating US regional banks and will likely continue. The TD Ameritrade merger with Charles Schwab is pending but will create an online trading powerhouse that TD will have a stake in. TD has a strong wealth management business in Canada. Overall, the company is balanced and consistently grows their earnings 7% compounded in the past decade and grows their dividend. The Canadian bank oligopoly has outperformed the TSX in the last 19 of 25 years. (Analysts’ price target is $62.83)
WATCH
WATCH
July 2, 2020
He has been watching the banks. He has a small holding in the banks. He thinks they have a bit of acceleration in them ahead. Helping out people in a negative situation really hurts the banks. If we saw an uptick in interest rates this would be good for the banks. The entire sector is on his radar screen. The yields are fantastic.
Show full opinionHide full opinionHe has been watching the banks. He has a small holding in the banks. He thinks they have a bit of acceleration in them ahead. Helping out people in a negative situation really hurts the banks. If we saw an uptick in interest rates this would be good for the banks. The entire sector is on his radar screen. The yields are fantastic.
PAST TOP PICK
PAST TOP PICK
June 24, 2020
(A Top Pick Jun 11/19, Down 16%) She continues to hold it and the yield is about 5%. They have increased loan loss provisions by about 4 times the same amount a year ago. She thinks TD was conservative on the provisions and hopes that will be the high water mark. They have maintained their dividend and will likely keep it flat to protect the payout ratio, which has risen to 65% from normal targets of around 45%. She thinks the dividend will be sustainable for now. It is trading near 1.2 times book value -- near historic lows.
Show full opinionHide full opinion(A Top Pick Jun 11/19, Down 16%) She continues to hold it and the yield is about 5%. They have increased loan loss provisions by about 4 times the same amount a year ago. She thinks TD was conservative on the provisions and hopes that will be the high water mark. They have maintained their dividend and will likely keep it flat to protect the payout ratio, which has risen to 65% from normal targets of around 45%. She thinks the dividend will be sustainable for now. It is trading near 1.2 times book value -- near historic lows.
BUY
BUY
June 11, 2020
It is hard to know which is the better of the top three banks, all of which he owns. Most of their branches have re-opened. They were able to operate remarkably effectively even with most of their branches closed. He thinks the recession has given them an opportunity to further consolidate in the US. He thinks they are provisioned for credit losses adequately. Their discount broker platform is merging with a behemoth and will spit off about 800 Million in cost synergies when it is completed. TD-T is depressed right now and this is when you buy it.
Show full opinionHide full opinionIt is hard to know which is the better of the top three banks, all of which he owns. Most of their branches have re-opened. They were able to operate remarkably effectively even with most of their branches closed. He thinks the recession has given them an opportunity to further consolidate in the US. He thinks they are provisioned for credit losses adequately. Their discount broker platform is merging with a behemoth and will spit off about 800 Million in cost synergies when it is completed. TD-T is depressed right now and this is when you buy it.
HOLD
HOLD
May 4, 2020
Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.
Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.
BUY
BUY
May 1, 2020
TD vs RY? He owns both. For the near term he slightly favours RY. Both are core holdings for them. He likes RY as they have a larger capital marketing business. This will help them as the retail side will lag for the next while. Volatility in capital markets will help their results. TD Ameritrade is in a price war for commissions in the US. You could buy both, right here, right now.
TD vs RY? He owns both. For the near term he slightly favours RY. Both are core holdings for them. He likes RY as they have a larger capital marketing business. This will help them as the retail side will lag for the next while. Volatility in capital markets will help their results. TD Ameritrade is in a price war for commissions in the US. You could buy both, right here, right now.
HOLD
HOLD
April 29, 2020
There is a lot of uncertainty in the market. In this environment expect the news flows to be negative. If you decide to get out and try to re-enter at a lower price requires a lot of timing and emotional decision making. If you are in, he would recommend continuing to hold. The dividend is safe he feels.
Show full opinionHide full opinionThere is a lot of uncertainty in the market. In this environment expect the news flows to be negative. If you decide to get out and try to re-enter at a lower price requires a lot of timing and emotional decision making. If you are in, he would recommend continuing to hold. The dividend is safe he feels.
COMMENT
COMMENT
April 22, 2020
Big 6 Canadian Banks? Their view has been for the past few years that the environment for banks was becoming challenged as interest rates moved towards zero. The upcoming recession will make things worse. He has holdings still with TD and RY. In Japan, where interest rates have been at zero for a long time, bank stocks there have not done well. He sees the same issue for banks in the US, but feels the Canadian banks will do a little better, but like sprinting the wind. Be cautious about being too overly exposed to any one bank.
Big 6 Canadian Banks? Their view has been for the past few years that the environment for banks was becoming challenged as interest rates moved towards zero. The upcoming recession will make things worse. He has holdings still with TD and RY. In Japan, where interest rates have been at zero for a long time, bank stocks there have not done well. He sees the same issue for banks in the US, but feels the Canadian banks will do a little better, but like sprinting the wind. Be cautious about being too overly exposed to any one bank.
BUY
BUY
April 21, 2020
Buy its 10-year bond or the stock? Buying long-term bonds at very low interest rates is risky. Better to stomach volatility and buy the stock that will appreciate. This is safer over time.
Show full opinionHide full opinionBuy its 10-year bond or the stock? Buying long-term bonds at very low interest rates is risky. Better to stomach volatility and buy the stock that will appreciate. This is safer over time.
PARTIAL BUY
PARTIAL BUY
April 17, 2020
Dividend safe? A core holding for him. He still likes it like all the other Canadian banks. A good time to begin chipping your way back into the banking sector. There are headwinds, but he would continue to have it as a core holding. The mortgage space is a problem, especially when tied to short term rentals like Airbnb. He expects a price adjustment in real estate in the larger market centres. It will be employment that will ultimately improve real estate.
Dividend safe? A core holding for him. He still likes it like all the other Canadian banks. A good time to begin chipping your way back into the banking sector. There are headwinds, but he would continue to have it as a core holding. The mortgage space is a problem, especially when tied to short term rentals like Airbnb. He expects a price adjustment in real estate in the larger market centres. It will be employment that will ultimately improve real estate.
HOLD
HOLD
April 16, 2020
You'll start to see some tougher numbers come out of the Canadian banks due to mortgage deferrals. He thinks TD-T is in as good a position as the Canadian banks can be. You are going to see some raising provisions for loan losses. He does not think their payout ratio will go above about 65%. They are number 1 or number 2 in terms of the big 5.
Show full opinionHide full opinionYou'll start to see some tougher numbers come out of the Canadian banks due to mortgage deferrals. He thinks TD-T is in as good a position as the Canadian banks can be. You are going to see some raising provisions for loan losses. He does not think their payout ratio will go above about 65%. They are number 1 or number 2 in terms of the big 5.
BUY
BUY
April 13, 2020
Are there chances for a dividend decrease? He does not expect so. He is buying financials here. They have never cut their dividend. He thinks they may cut share buy-backs, however.
Show full opinionHide full opinionAre there chances for a dividend decrease? He does not expect so. He is buying financials here. They have never cut their dividend. He thinks they may cut share buy-backs, however.
PAST TOP PICK
PAST TOP PICK
April 6, 2020
(A Top Pick Apr 30/19, Down 22%) It is disappointing. This is the bank he thinks it is either number 1 or 2. There is no question that banks will feel some pain here.
Show full opinionHide full opinion(A Top Pick Apr 30/19, Down 22%) It is disappointing. This is the bank he thinks it is either number 1 or 2. There is no question that banks will feel some pain here.
Toronto Dominion(TD-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 58
Neutral - Hold Signals / Votes : 15
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 76
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, 76 stock analysts published opinions about TD-T. 58 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is 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 Chris Blumas on 2020-07-08. 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?
76 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 2020-07-10, Toronto Dominion (TD-T) stock closed at a price of $59.92.
