toronto-dominion bank
Toronto-Dominion Bank, commonly known as TD Bank, is a leading Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
Toronto-Dominion Bank (TD) was formed on February 1, 1955, through the merger of the Bank of Toronto (founded in 1855) and the Dominion Bank (founded in 1869) to create one of Canada’s largest banks. In 2000, TD acquired Canada Trust, forming TD Canada Trust, which now serves as its primary Canadian retail banking division. TD Bank is publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol “TD”.
Read More
Close
What are the most profitable stocks to buy? Blue chip stocks are included in that group—and here are the key characteristics you need to target for maximum success
TD Bank continues to recover from a money-laundering scandal tied to its U.S. operations. Criminal networks were allowed to transfer hundreds of millions of dollars through TD Bank accounts in the U.S. over a six-year period.
As part of an October 2024 settlement with the U.S. Department of Justice and other authorities, TD paid a $3.09 billion U.S. fine. The agreement also capped the size of its U.S. retail banking business, which accounts for roughly a quarter of its earnings. It will probably take five years or more for regulators to lift that cap.
In response, TD overhauled its leadership, replaced its CEO and other senior executives, divested select assets, cut costs, and launched a new growth strategy. These moves have helped restore investor confidence—the stock is up more than 88% since the settlement and now trades at all-time highs.
I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on TD Bank. It explains why we still see TD as a solid buy even after its recent gains. We hope you enjoy this Spotlight Report and profit from it.
As part of an October 2024 settlement with the U.S. Department of Justice and other authorities, TD paid a $3.09 billion U.S. fine. The agreement also capped the size of its U.S. retail banking business, which accounts for roughly a quarter of its earnings. It will probably take five years or more for regulators to lift that cap.
In response, TD overhauled its leadership, replaced its CEO and other senior executives, divested select assets, cut costs, and launched a new growth strategy. These moves have helped restore investor confidence—the stock is up more than 88% since the settlement and now trades at all-time highs.
I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on TD Bank. It explains why we still see TD as a solid buy even after its recent gains. We hope you enjoy this Spotlight Report and profit from it.
Your search for top Canadian stocks should focus on blue-chip stocks that pay sustainable dividends and meet our Successful Investor criteria
We’ve long advised Canadians own two or more of the Big Five bank stocks—Scotiabank, BMOl, CIBC, TD and RBC—because of their dividends
Exchange-traded funds (ETFs) give you a low-cost, flexible alternative to mutual funds. Here are five ETFs we recommend and one to sell.
When we get questions about investing in stocks through split-share, our advice is, avoid the risk and invest in good stocks individually
These two Canadian ETFs track Canada’s best-established indexes and provide low-fee exposure to widely traded blue chip stocks.
Canadian bank stocks have long been one of our top choices for growth and income, mainly because of their importance to Canada’s economy.
You pay brokerage commissions to buy and sell these blue chip ETFs. But their low management fees give them a cost advantage.
Exchange traded funds (ETFs), including Canadian ETFs, are set up to mirror the performance of a stock market index or subindex.