Toronto Dominion

TD-T

TSE:TD

75.29
0.32 (0.43%)
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
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Analysis and Opinions about TD-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 8, 2020
True, the Canadian banks haven't done well, but TD trades at 1.6x book, pays a 4% dividend yield, and trades at 10.6x earnings. There won't be much topline growth, but more bottom line due to cost savings. Volatility over loan losses should calm. TD sold off TD Ameritrade. They can expand in the US even more, already a great franchise there, and increase returns. The bad news is already in the bank stocks. (Analysts’ price target is $79.00)
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Toronto Dominion (TD-T)
January 8, 2020
True, the Canadian banks haven't done well, but TD trades at 1.6x book, pays a 4% dividend yield, and trades at 10.6x earnings. There won't be much topline growth, but more bottom line due to cost savings. Volatility over loan losses should calm. TD sold off TD Ameritrade. They can expand in the US even more, already a great franchise there, and increase returns. The bad news is already in the bank stocks. (Analysts’ price target is $79.00)
PAST TOP PICK
PAST TOP PICK
January 6, 2020
(A Top Pick Jan 15/19, Up 9%) It was a bit disappointing in a year when the market did over 20%. It under-performed and is due for a reversion. The yield will be at the 4.5% area after the upcoming dividend increase. There is potential for them to do well in this environment.
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Toronto Dominion (TD-T)
January 6, 2020
(A Top Pick Jan 15/19, Up 9%) It was a bit disappointing in a year when the market did over 20%. It under-performed and is due for a reversion. The yield will be at the 4.5% area after the upcoming dividend increase. There is potential for them to do well in this environment.
TOP PICK
TOP PICK
January 3, 2020
It had a rare miss in Q4 on earnings. He has the most confidence of any Canadian bank that they will be able to recover. Over 50% of their business is in the US retail space. He expects a dividend increase as early as February. He thinks it should be trading about $80 next year. Yield 4.05% (Analysts’ price target is $79.00)
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Toronto Dominion (TD-T)
January 3, 2020
It had a rare miss in Q4 on earnings. He has the most confidence of any Canadian bank that they will be able to recover. Over 50% of their business is in the US retail space. He expects a dividend increase as early as February. He thinks it should be trading about $80 next year. Yield 4.05% (Analysts’ price target is $79.00)
HOLD
HOLD
January 2, 2020
It has been the best of the Canadian banks over 20 years. Banks are faced with the fact that they make money on the spread between lending and borrowing. That has been squeezed substantially. The entire banking industry has been facing that globally. The Canadian banks are incredibly strong but he thinks they will under-perform in the next 12 months. If you have held it for a number of years there is no reason to sell it.
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Toronto Dominion (TD-T)
January 2, 2020
It has been the best of the Canadian banks over 20 years. Banks are faced with the fact that they make money on the spread between lending and borrowing. That has been squeezed substantially. The entire banking industry has been facing that globally. The Canadian banks are incredibly strong but he thinks they will under-perform in the next 12 months. If you have held it for a number of years there is no reason to sell it.
PARTIAL BUY
PARTIAL BUY
December 30, 2019
Last quarter's bank earnings were weak. Loan loss provisions are starting to rise and are not offset by loans and mortgages. That's across the bank sector. The BOC is stuck: it can't raise or cut rates. TD is up 8% this year and trading at 11x earnings. Yields near 4% as it continues to grow at 10%. Buy a half position only, then see what happens in the next quarter.
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Toronto Dominion (TD-T)
December 30, 2019
Last quarter's bank earnings were weak. Loan loss provisions are starting to rise and are not offset by loans and mortgages. That's across the bank sector. The BOC is stuck: it can't raise or cut rates. TD is up 8% this year and trading at 11x earnings. Yields near 4% as it continues to grow at 10%. Buy a half position only, then see what happens in the next quarter.
BUY
BUY
December 27, 2019
He likes the Canadian banks and TD is one of the best. You could buy any of the Canadian banks. Declining interest rates has hurt the banks but the interest rates have very little downside from here.
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Toronto Dominion (TD-T)
December 27, 2019
He likes the Canadian banks and TD is one of the best. You could buy any of the Canadian banks. Declining interest rates has hurt the banks but the interest rates have very little downside from here.
BUY WEAKNESS
BUY WEAKNESS
December 24, 2019
Major support is at $70, so buy at this level. He predicts a market pullback in January. Canadian banks are historically strong, and TD has a long-term uptrend. TD may fall below $70 to $65, but $70 is a buy.
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Toronto Dominion (TD-T)
December 24, 2019
Major support is at $70, so buy at this level. He predicts a market pullback in January. Canadian banks are historically strong, and TD has a long-term uptrend. TD may fall below $70 to $65, but $70 is a buy.
PAST TOP PICK
PAST TOP PICK
December 20, 2019
(A Top Pick Jan 11/19, Up 11%) He’s neutral on the banks at the moment. He wants to see how the economy sets out. Retail sales and unemployment numbers weren’t good. He would rather buy Scotia, mainly because they are outside of Canada. He would wait on the banks.
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Toronto Dominion (TD-T)
December 20, 2019
(A Top Pick Jan 11/19, Up 11%) He’s neutral on the banks at the moment. He wants to see how the economy sets out. Retail sales and unemployment numbers weren’t good. He would rather buy Scotia, mainly because they are outside of Canada. He would wait on the banks.
BUY
BUY
December 19, 2019
A dividend-paying stock Strong U.S. presence and pays a 4.1% dividend yield. The Canadian banks just reported a rough quarter; there are worries over high consumer debt, shrinking margins and bad loans. But long run they great ROEs. TD trades at 10.6x earnings and an ROE around 14x. Banks are good to own long term and can weather these issues.
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Toronto Dominion (TD-T)
December 19, 2019
A dividend-paying stock Strong U.S. presence and pays a 4.1% dividend yield. The Canadian banks just reported a rough quarter; there are worries over high consumer debt, shrinking margins and bad loans. But long run they great ROEs. TD trades at 10.6x earnings and an ROE around 14x. Banks are good to own long term and can weather these issues.
COMMENT
COMMENT
December 18, 2019

BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.

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Toronto Dominion (TD-T)
December 18, 2019

BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.

BUY
BUY
December 18, 2019
Better than Royal Bank? Recent bank weakness is due to Canadian debt levels and a tick-up in non-performing loans. But these banks are very well-capitalized and Canada is a growing place due to immigration. He likes the banks as a group, and investors will earn a decent return as long as they can deal with an earnings downdraft if the economy pulls back in the future.
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Toronto Dominion (TD-T)
December 18, 2019
Better than Royal Bank? Recent bank weakness is due to Canadian debt levels and a tick-up in non-performing loans. But these banks are very well-capitalized and Canada is a growing place due to immigration. He likes the banks as a group, and investors will earn a decent return as long as they can deal with an earnings downdraft if the economy pulls back in the future.
HOLD
HOLD
December 17, 2019
A solid bank, but he's cautious about the whole sector. TD leads this sector and is a safe bet. Capital markets are fine, though organic growth rate will slow. They need to continue investing in technology. The dividend is safe and will continue to rise in coming years. Hold TD for the long term, but profits will come under pressure for this sector in coming years, given high consumer debt. TD has done very well in the States, growing faster than American peers.
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Toronto Dominion (TD-T)
December 17, 2019
A solid bank, but he's cautious about the whole sector. TD leads this sector and is a safe bet. Capital markets are fine, though organic growth rate will slow. They need to continue investing in technology. The dividend is safe and will continue to rise in coming years. Hold TD for the long term, but profits will come under pressure for this sector in coming years, given high consumer debt. TD has done very well in the States, growing faster than American peers.
BUY
BUY
December 13, 2019
Time to buy? She would buy here on the pullback. An attractive yield. Their loan provisions are increasing to 0.5%, on the higher end of the Canadian banks. Nothing to worry about. She likes their US banking operations. Earnings will continue to grow, along with dividends, albeit at slightly slower rates, she thinks.
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Toronto Dominion (TD-T)
December 13, 2019
Time to buy? She would buy here on the pullback. An attractive yield. Their loan provisions are increasing to 0.5%, on the higher end of the Canadian banks. Nothing to worry about. She likes their US banking operations. Earnings will continue to grow, along with dividends, albeit at slightly slower rates, she thinks.
BUY
BUY
December 11, 2019
He thinks their recent Q4 earnings miss is a buying opportunity. Excluding restructuring, earnings were actually higher. It has a strong balance sheet and higher capital requirements are a minor issue. You could buy it here and enjoy a nice dividend. Yield 4%.
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Toronto Dominion (TD-T)
December 11, 2019
He thinks their recent Q4 earnings miss is a buying opportunity. Excluding restructuring, earnings were actually higher. It has a strong balance sheet and higher capital requirements are a minor issue. You could buy it here and enjoy a nice dividend. Yield 4%.
HOLD
HOLD
December 10, 2019
Recent pullback The downturn recently has hit the sector, not just TD. Loss-loan provisions will increase given the state of the Canadian economy. Canadians are heavily indebted. There's no loan growth now, but TD has fine US assets and they are well-positioned in the Schwab purchase of Ameritrade. There isn't big downside risk in this sector, but there isn't much earnings growth this late in the cycle. Estimates of 3-5% profit growth in coming years is a little optimistic. The dividend is safe, which you can hold and collect. You're okay to hold this. If you're a trader, though, it's not worth buying.
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Toronto Dominion (TD-T)
December 10, 2019
Recent pullback The downturn recently has hit the sector, not just TD. Loss-loan provisions will increase given the state of the Canadian economy. Canadians are heavily indebted. There's no loan growth now, but TD has fine US assets and they are well-positioned in the Schwab purchase of Ameritrade. There isn't big downside risk in this sector, but there isn't much earnings growth this late in the cycle. Estimates of 3-5% profit growth in coming years is a little optimistic. The dividend is safe, which you can hold and collect. You're okay to hold this. If you're a trader, though, it's not worth buying.
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