Post by
retiredcf on Aug 15, 2023 6:52am
Another Top Pick
Last stock in the clip; he and his family also own it personally. GLTA https://www.bnnbloomberg.ca/video/alexander-macdonald-s-top-picks~2745203 TD Bank (TD TSX)
Last purchased on July 26, 2023, at $85.90.
Leading market share in Canada at 33 per cent of deposits, it has excellent growth ahead if it can capture customers who do not have a mortgage with them. The bank has also outlined a strategy to capture a disproportionate share of new Canadians, and it has been growing faster than its peers over the last two quarters. It has strong growth prospects in the U.S., and mergers and acquisitions may again be a priority there over the medium term.
TOP PICK
Toronto Dominion (TD-T)
14/08/2023
It has the leading market share in Canada along with Royal Bank. It wants to target the banking needs of a growing number of new immigrants. Credit cards are also an area of growth. The Horizon deal didn't go through so it has excess capital for buybacks, etc. We could see some more M&A. Buy 13 Hold 4 Sell 1
(Analysts’ price target is $93.54)
Banks
Alexander MacDonald
$85.850
Owned
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