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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TORONTO-DOMINION BANK $175 continues to recover from its settlement with U.S. banking regulators regarding lapses in its anti-money laundering procedures. In October 2024, TD paid a $3.09 billion U.S. fine. Regulators also capped the size of its U.S. retail banking business.
In response, the bank installed new management and launched a new growth strategy focused on improving its revenue from non-interest sources like wealth management. These moves helped restore investor confidence, and TD’s stock has more than doubled.
In response, the bank installed new management and launched a new growth strategy focused on improving its revenue from non-interest sources like wealth management. These moves helped restore investor confidence, and TD’s stock has more than doubled.
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TD’s stock fell to just $72 after it agreed to a pay a big fine and acknowledged that its U.S. operations had failed to abide by anti-money-laundering rules. U.S. regulators also capped the size of its U.S. retail banking business, which accounts for roughly 20% of its earnings.
Since then, the bank has installed new management--which has restored investor confidence—and sold certain assets. It also launched a new growth strategy focused on improving its revenue from non-interest sources like wealth management.
Thanks to the success of that plan, TD’s stock has more than doubled The bank also maintained its dividend despite the U.S. problems. In fact, it raised the payment in 2025, and twice more in 2026.
Since then, the bank has installed new management--which has restored investor confidence—and sold certain assets. It also launched a new growth strategy focused on improving its revenue from non-interest sources like wealth management.
Thanks to the success of that plan, TD’s stock has more than doubled The bank also maintained its dividend despite the U.S. problems. In fact, it raised the payment in 2025, and twice more in 2026.
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
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....