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”.
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When we get questions about investing in stocks through split-share, our advice is, avoid the risk and invest in good stocks individually
Bank of Nova Scotia and TD Bank are leading competitors in their markets; you should look for that to cut your ongoing risk. We see both as buys.
BANK OF NOVA SCOTIA, $111.40, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $136.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.scotiabank.com) continues to benefit from its shifting focus away from Latin America to its main North American operations.
BANK OF NOVA SCOTIA, $111.40, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $136.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.scotiabank.com) continues to benefit from its shifting focus away from Latin America to its main North American operations.
Exchange-traded funds (ETFs) give you a low-cost, flexible alternative to mutual funds. Here are five ETFs we recommend and one to sell.
TORONTO-DOMINION BANK $148 is now up a whopping 85% since its censure in October 2024 by U.S. banking regulators for allowing, and in some cases facilitating, money laundering transactions at its U.S. retail banking operations. In addition to a $3.09 billion U.S. penalty, regulators also imposed an asset cap on the bank’s U.S. operations.
TD’s new growth plan is a big part of the stock’s turnaround. The plan involves expanding earnings from its fee-based businesses, including wealth management and insurance. It’s also using artificial intelligence to speed up transactions and better monitor credit risks.
TD’s new growth plan is a big part of the stock’s turnaround. The plan involves expanding earnings from its fee-based businesses, including wealth management and insurance. It’s also using artificial intelligence to speed up transactions and better monitor credit risks.
A Member of Pat McKeough’s Inner Circle asked for his advice on an ETF that focuses on Canadian finance firm common shares, preferred shares and corporate bonds.
Pat likes the high distribution rate but warns that rate may be unsustainable....
Pat likes the high distribution rate but warns that rate may be unsustainable....
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
These two Canadian ETFs track Canada’s best-established indexes and provide low-fee exposure to widely traded blue chip stocks.