Toronto-Dominion Bank T.TD

Analyst Recommendation

[retiredcf]

PARTIAL BUY

Toronto Dominion(TD-T)

02/10/2023

 

One of Canada's strongest banks and lacks the problems of, say, BNS. During rising rates, banks are supposed to do well, but this is not happening now. That said, TD is doing relatively well, both in US and Canadian operations. TD and RY are the strongest Canadian banks. They sit on a lot of cash, a good thing to have, and they could buy assets.

Banks

Brendan Caldwell
$80.67

Unknown

[TheeRook]

Banks only make more money when short  borrowing rates are lower than long term lending rates. Currently short term BOND rates are >  Long term rates.   Banks are not paying customers higher short term rates except in HISA.   GICs 1 -2 year are ~5%   longer are 3+%.