Post by
retiredcf on Aug 02, 2023 6:42am
Monthly Gems
TOP PICK
Toronto Dominion (TD)(TD-T)
01/08/2023
As the Canadian bank most exposed to the U.S., TD took a bad hit in last spring's regional banking meltdown. The worst appears to be behind us as we now see consolidation in this space and even positive reports issued by these banks as well as the big lenders. These trends helped lift TD 5.6% in July. Shares currently trade $10 above their 52-week low of $76.32 and we expect them to grind higher towards $90. That's still a ways off from $94.05 last February, but TD next reports August 24 and we expect buying into that event.
Banks
The Monthly Gems
$86.720
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