Post by
retiredcf on Oct 26, 2023 4:42pm
Analyst Recommendation
BUY
Toronto Dominion(TD-T)
25/10/2023
Mortgage renewals amid rising rates won't hurt banks (they can manage it), but the households making payments. Banks underwrite mortgages well and are conservative. TD was disappointed not to buy First Horizon a few months ago, but they have a first-class problem of holding too much cash, which they can use to buyback shares, raise the dividend or buy another company. Likes TD's positioning and capital markets business.
Banks
Brian Madden
$76.920
Owned
Be the first to comment on this post