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Bullboard - Stock Discussion Forum Toronto-Dominion Bank TDOPF


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

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... see more

TSX:TD - Post Discussion

Toronto-Dominion Bank > Teal Linde -BNN - TOP PICK
View:
Post by Possibleidiot01 on Nov 04, 2024 3:00pm

Teal Linde -BNN - TOP PICK

TD BANK (TD TSX)

TD Bank suffered a worst-case scenario with regard to its money laundering penalties. It has been fined US$3.1 billion and will be subject to an indefinite asset cap in its U.S. retail business. However, earnings per share growth is only expected to slow by about two percentage points per year, allowing for a still tolerable mid-single-digit earnings per share (EPS) growth, due to the asset cap as the bank is still able to grow its much larger Canadian banking division and its capital markets business in the U.S. The asset cap slows down growth but does not eliminate it. Currently, TD is trading at 9.6 times fiscal 2025 expected EPS, which is nearly a 20 per cent discount to its peer average. It now trades at the lowest P/E of the six major Canadian banks despite being expected to remain the third most profitable bank next year on a return on equity (ROE) basis. Thus, the decline in its share price appears overdone, settings its stock up for at least a partial recovery over the next year. From its current price of $77, a return to just $81 would still result in a double-digit total return when including its five per cent dividend yield.

Owned personally, by family , and in fund



Comment by Possibleidiot01 on Nov 04, 2024 5:09pm
stockchase.com BUY Toronto Dominion(TD-T) 04/11/2024   Current owners should own, and those who don't should pick up some shares now. Pays an attractive 5.2% dividend yield, and will offer some share appreciation over time as this recovers. banks   N/A Owned
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