Analyst Recommendation Hopefully, we've had the weakness. GLTA
BUY on WEAKNESS
Toronto Dominion (TD)(TD-T)
21/03/2023
A key bank in her portfolio. Take advantage of the current pullback. TD is solid and secure in a highly regulated environment. TD has been impacted for its exposure to the US. The First Horizon deal won't close by the end-May deadline, but will be moved. Given the turmoil in regional banks in the US, TD can probably re-negotiate a more favourable deal. Canadian banks can't expand much in Canada, so the US is attractive. TD has a 10% interest in Schwab, which was hit in the current turmoil. Eventually, the sector will stabilize and these stocks will reverse higher. TD is well-run and pays a good dividend. She added to her holding during this turmoil the past week.
Banks
Christine Poole
$78.710
Owned