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
TORONTO-DOMINION BANK $81 is a buy. The lender (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $145.8 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.4%; TSINetwork Rating: Above Average; www.td.com) has formed a new alliance with Canada Post.


Under the deal, TD will offer personal loans through Canada Post outlets....
EMERA INC., $55.89, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural gas pipelines in the U.S....
TECK RESOURCES LTD., $39.63, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc....
BANK OF NOVA SCOTIA, $71.41, Toronto symbol BNS, remains a buy.

The bank last raised its quarterly dividend by 3.0% with the July 2022 payment. Investors now receive $1.03 a share instead of $1.00. The new annual rate of $4.12 yields a high 5.8%.

In its fiscal 2022 third quarter, ended July 31, 2022, Bank of Nova Scotia set aside $412 million to cover future loan losses....
BANK OF NOVA SCOTIA, $74.80, Toronto symbol BNS, remains a buy.

The stock dropped 5% this week after it reported weaker-than-expected quarterly results.

In its fiscal 2022 third quarter, ended July 31, 2022, Bank of Nova Scotia set aside $412 million to cover future loan losses....
TORONTO-DOMINION BANK, $83.44, Toronto symbol TD, is a buy.

The bank has agreed to acquire U.S.-based investment banking firm Cowen Inc. (Nasdaq symbol COWN). Founded in 1918, Cowen provides a wide range of services to corporate clients, including brokerage, stock and bond underwriting, initial public offerings and advice on mergers and acquisitions.

TD will pay $1.3 billion U.S....
TD BANK, $83.93, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $149.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.td.com) is a buy. The bank has just announced the acquisition of Cowen Inc....
INTERNATIONAL BUSINESS MACHINES CORP., $130.79, New York symbol IBM, is a buy.

The company is one of the world’s largest computer firms, with operations in over 175 countries.

With the June 2022 payment, IBM raised your quarterly dividend by 0.6%, to $1.65 a share from $1.64....
SUNCOR ENERGY INC., $39.78, Toronto symbol SU, remains a buy.

The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.

This week, Suncor announced a new deal with activist investment firm Elliott Management, which owns 3.4% of the company’s shares.

Under this agreement, Suncor appointed three of Elliott’s representatives to its now 13-member board of directors....
TD BANK, $84.77, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $152.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.td.com) is a buy. The bank now expects to complete its $13.4 billion U.S. acquisition of Tennessee-based First Horizon Corporation (New York symbol FHN) in early 2023....