TD

A fintech stock typically offers financial services, or services to the financial industry, and working towards efficiency through the use of technology. Here’s how to spot the best ones.

A: The First Trust Dow Jones Internet Index Fund ETF, $124.03, symbol FDN on New York, aims to track the Dow Jones Internet Composite Index.

For a stock to be considered for a spot in the index, the company must generate at least 50% of its annual sales/revenues from the Internet....

TORONTO-DOMINION BANK $73.41 (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $134.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.td.com) is Canada’s second-largest bank, with total assets of $1.26 trillion.


The bank continues to invest in its digital operations—online and mobile banking.


In Canada, 81% of TD’s clients now process their transactions online or through an ATM....

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....

TORONTO-DOMINION BANK $79 (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $142.2 billion; Price-to-sales ratio: 4.0; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.td.com) gets 58% of its earnings from its Canadian retail business, which operates 1,108 branches....

The Bank of Canada increased its benchmark interest rate in July 2018 from 1.25% to 1.50%. That rate could rise further later this year on stronger economic growth and low unemployment. Inflation has also moved up steadily, sitting at 3.0% in July 2018.


We continue to caution against investing in bonds....