Toronto-Dominion Bank T.TD

Alternate Symbol(s): T.TD.PF.C | T.TD.PF.D | TDOMF | T.TD.PF.E | TDOPF | T.TD.PF.I | T.TD.PF.J | TDBCP | TD | TDBKF | T.TD.PF.A

Financial Services

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Its Canadian Personal and Commercial Banking segment offers a full range of financial products and services to approximately 15 million customers in the Bank’s personal and commercial banking businesses in Canada. Its U.S. Retail segment offers a range of financial products and services under the brand TD Bank, America’s Most Convenient Bank. U.S. Retail Segment also TD Auto Finance U.S., TD Wealth (U.S.) business. Wholesale Banking segment operates under the brand name TD Securities, which offers a range of capital markets and corporate and investment banking services to corporate, government, and institutional clients. Its Wealth Management and Insurance segment provides wealth solutions and insurance protection to approximately six million customers in Canada.

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Toronto-Dominion Bank > one man's opinion

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Post by Possibleidiot01on Sep 29, 2022 2:18pm

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Post# 34995485

one man's opinion

Darren Sissons - BNN today
COMMENT

Canadian vs. US banks. In Canada, the large banks own a mortgage asset, and they underwrite, administer, and collect on it. So you have a large iceberg underlying the profit cycle of Canadian banks. Quite resilient. For US banks, mortgages originate at the community banks and then move up the channel and can be sold. Income from these is largely transactional. If transactions slow, as in a rising interest rate environment, this would be a revenue headwind, and you'll see a spike in non-performing loans. US banks will trade down, probably more than Canadian ones. But when we bottom out, there will be a significant opportunity. Wouldn't touch a US bank now. Not a huge fan of banks right now, but if he had to choose, he'd buy a Canadian one.

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