TD
The Bank of Canada increased its benchmark interest rate in October 2018 from 1.50% to 1.75%. Whether it continues to hold that rate steady, raise it, or cut it, depends on the country’s economic growth and unemployment levels.
Meanwhile, even for our conservative investors, we caution against investing in bonds....
TD BANK, $75.26, is still a buy. Investors in the bank (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $136.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.td.com) benefit from its roughly 42% stake in TD Ameritrade Holding Corp (Nasdaq symbol AMTD)....
Canadian bank ETFs can provide an attractive mix of safety, income and growth for investors. As well, top Canadian bank stocks are well known for their financial stability in the face of economic downturns.
7 Secrets to Unlocking Value Stocks, our free report, gives you the keys to value investing, including how to discover the hidden value that can unlock explosive growth.
The six ETFs we update below mainly hold high-quality stocks that are widely traded on Canadian and U.S. exchanges. Each fund tracks the performance of a major stock market index. That’s different from ETFs focused on narrower indexes or themes such as cryptocurrencies or biotechnology.
Of course, you pay brokerage commissions to buy and sell these investments....
Of course, you pay brokerage commissions to buy and sell these investments....
Canada’s top banks remain key investments for any portfolio, even as the possibility of lower interest rates and slower housing markets raise their risk levels. In fact, each of them is suitable for new buying. We do, however, see Bank of Nova Scotia (see page 81) and TD Bank as our top picks given their fast-growing international operations.
ROYAL BANK OF CANADA $101 (Toronto symbol RY; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.4 billion; Market cap: $141.4 billion; Price-to-sales ratio: 3.4; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.rbc.com) earned $3.23 billion in its fiscal 2019 second quarter, ended April 30, 2019....
BROADRIDGE FINANCIAL SOLUTIONS INC. $133 (New York symbol BR; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 116.4 million; Market cap: $15.5 billion; Price-to-sales ratio: 3.5; Dividend yield: 1.5%; TSINetwork Rating: Average; www.broadridge.com) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corp....
TORONTO-DOMINION BANK $78 (Toronto symbol TD; Income-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.83 billion; Market cap: $142.7 billion; Dividend yield: 3.8%; Dividend Sustainability Rating: Highest; www.td.com) is Canada’s second-largest bank after Royal Bank, with total assets of $1.32 trillion.
TD gets 55% of its earnings from its Canadian retail business, which operates 1,100 branches....
TD gets 55% of its earnings from its Canadian retail business, which operates 1,100 branches....
BROADRIDGE FINANCIAL SOLUTIONS $133.20 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 116.1 million; Market cap: $15.4 billion; Dividend yield: 1.5%) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corp....
Good Canadian stocks to buy are most often blue-chip stocks with a history of stability, dividend payments, and a well-established business