TORONTO-DOMINION BANK $51 - Toronto symbol TD

TORONTO-DOMINION BANK $51 (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.9 billion; Market cap: $96.9 billion; Priceto- sales ratio: 3.4; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.td.com) also stands to gain from an improving North American economy, particularly in the U.S., where it now has more branches than in Canada.

At the same time, the low Canadian dollar will enhance the bank’s U.S. profits. TD’s strong emphasis on customer service will also help it hang on to depositors if interest rates rise. As well, lower oil prices should give consumers more cash to repay their loans, cutting TD’s loan losses.

TD Bank is a buy.

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