Toronto-Dominion Bank TDOPF

Top Pick

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Last stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/darren-sissons-top-picks~2676942

Toronto-Dominion Bank (TD TSX)

TD underperformed peers recently due to its 10 per cent exposure to Charles Schwab Corp and its pending acquisition of First Horizons Bank (FHN). However, that weakness appears overdone given recent Charles Schwab earnings results and the generally resilient results generated by quality regional banks. Forward-looking catalysts include a potential re-calibration of the FHN acquisition price, continued gains for rising net interest margin and should a pause in interest rate hikes occur then credit losses will be lower than expected. Given the broad sell-off in banking names and the bank’s lagging performance, TD is priced at attractive entry levels. TD’s pedigree is well-known to Canadian investors. It has generated an 11.8 per cent average annualized return over the last decade.

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TOP PICK TD Bank(TD -T) 28/04/2023   Believes shares have been unjustly sold off. Good time to buy for long term investors. Excellent balance sheet with large earning potential. Strong brand and place in Canadian customers mind.   Financial Services Darren Sissons $82.077 Owned