TD
The major Canadian and U.S. stock markets have moved back up since their initial COVID-19 drop. Nonetheless, we think that if you can afford to stay in the market for several years or longer, now is still a good time for new buying. We see ETFs as one way for you to profit from the continuing rise, while at the same time cutting your risk....
BMO COVERED CALL CANADIAN BANKS ETF $20.73 (Toronto symbol ZWB) holds shares of Canada’s six largest banks (CIBC, TD Bank, Bank of Montreal, Bank of Nova Scotia, Royal Bank and National Bank) either directly or through units of the BMO Equal Weight Banks Index ETF.
The fund started up in January 2011....
The fund started up in January 2011....
TD BANK $82.13 (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $149.0 billion; TSINetwork Rating: Above Average; Yield: 3.9%; www.td.com) is a buy. The bank continues to reverse some of its previous loan-loss provisions as the economy recovers from COVID-19 shutdowns....
The Bank of Canada cut its benchmark interest rate to 0.25% in early 2020. That was meant to support economic activity after COVID-19 hit. Whether the bank continues to hold that rate steady, cuts it further or raises it depends on Canada’s economic growth and employment levels....
A: The share price, in and of itself, is a somewhat arbitrary way to look at the worth of a stock.
For instance, CP Rail recently split its shares on a 5-for-1 basis. That means that its share price is now $90.86—rather than the $454.30 it would be if the split hadn’t occurred.
However, shareholders still hold an equivalent stake in the company—the market capitalization of CP Rail (shares outstanding times the current price) is unchanged.
Looking at TD Bank, $83.33, symbol TD on Toronto (Shares outstanding: 1.8 billion; Market cap: $151.5 billion; www.td.com), it’s noteworthy that it’s the only one of the Big Five banks to have a stock split in the last 10 years—the stock split 2-for-1 in 2014....
For instance, CP Rail recently split its shares on a 5-for-1 basis. That means that its share price is now $90.86—rather than the $454.30 it would be if the split hadn’t occurred.
However, shareholders still hold an equivalent stake in the company—the market capitalization of CP Rail (shares outstanding times the current price) is unchanged.
Looking at TD Bank, $83.33, symbol TD on Toronto (Shares outstanding: 1.8 billion; Market cap: $151.5 billion; www.td.com), it’s noteworthy that it’s the only one of the Big Five banks to have a stock split in the last 10 years—the stock split 2-for-1 in 2014....
INTRODUCTION: EXERCISE CAUTION WITH IPOS
There have been a lot of high-profile initial public offerings, or IPOs, over the last couple of years. Prominent names include Airbnb, DoorDash, Snowflake, Lightspeed POS and Zoom Video, as well as Uber and Lyft....
A: The PIMCO Global Short Maturity Fund (Canada) ETF, $19.75, symbol PMNT on Toronto (Units outstanding: 2.8 million; Market cap: $55.3 million; www.pimco.ca) began trading on the Toronto exchange on February 1, 2019....
TD BANK $83.39 (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $152.1 billion; TSINetwork Rating: Above Average; Yield: 3.8%; www.td.com) is a buy. The bank merged its 43%-owned U.S. online brokerage firm TD Ameritrade Holding with rival Charles Schwab (New York symbol SCHW) in October 2020.
TD now owns 13.44% of the combined firm and controls 9.9% of its votes....
TD now owns 13.44% of the combined firm and controls 9.9% of its votes....
A: BMO Canadian High Dividend Covered Call ETF, $18.26, symbol ZWC on Toronto (Units outstanding: 63.4 million; Market cap: $1.2 billion; www.bmo.com/gam/ca/investor/products/etfs), focuses on mostly high-quality Canadian stocks....
Canada’s banks continue to rebound strongly from last year’s COVID-19 lows; rising vaccination rates are letting more businesses re-open, which further fuels stock gains. Consumers also continue to repay their loans on time.
We like all of the Big Five banks, but TD stands out thanks to its strong retail banking operations in Canada and the U.S....
We like all of the Big Five banks, but TD stands out thanks to its strong retail banking operations in Canada and the U.S....