TD Bank (TD, TD.TO)
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Thread: TD Bank (TD, TD.TO)

  1. #1
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    TD Bank (TD, TD.TO)

    Any thoughts on the current price? Really want some TD for the long term, but would also like to get in with a little better yield.


  2. #2
    Senior Member KaeJS's Avatar
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    I'd buy it, but I'm a huge TD fan.

    I've got 200 and I wish I could buy more at this price.

    You know it will be back in the $80's quick, and eventually do a split.

    But, some people are bearish on cdn banks....

    I say its a long term hold it and collect the divs.
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    Senior Member Ethan's Avatar
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    TD is the largest holding in my portfolio. I'm very bullish on TD.

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    Quote Originally Posted by Ethan View Post
    TD is the largest holding in my portfolio. I'm very bullish on TD.
    IMHO, all big 5 canadian banks are good for a long term holding.

    BTW, TD and BMO are on the top 5 of US based www.dividend.com

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    Thanks. My other bank holding is BMO, got into that at under $50 making for a decent yield. Was looking to add a 2nd bank and TD is my top choice. My gut is telling me to get in while I can for under $80. Plan is to hold for the long haul and buy more in the dips.

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    Senior Member dubmac's Avatar
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    I am looking to buy a bank stock (or 2) as a long term holding & drip it for 15 yrs. I am figuring now is a good time as any after the 10% drop. Do any of you see a potential event (ie: europe/greece crisis, US debt ceiling debate) being significant game changers in the next few weeks/months - prior to Sept.?
    Last edited by dubmac; 2011-06-14 at 10:28 PM.

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    Senior Member KaeJS's Avatar
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    Quote Originally Posted by dubmac View Post
    I am looking to buy a bank stock (or 2) as a long term holding & drip it for 15 yrs. I am figuring now is a good time as any after the 10% drop. Do any of you see a potential event (ie: europe/greece crisis, US debt ceiling debate) being significant game changers in the next few weeks/months - prior to Sept.?
    In terms of the CDN banks, I think the only one that will really have a big impact is if the US continues to post bad news.

    Reason being is because:

    A) TD has the largest US exposure out of all CDN banks
    B) BMO just bought Marshall and Ilsley and owns Harris

    C) RBC just sold out of the US (which i think is a dumb move)

    But you might as well grab it now since they are down, and then average down later if US posts even worse news.

    At one point I saw TD up 71 cents today.
    Day Range 79.40 - 80.17

    People are definitely bullish on TD.

    It feels like RBC was the bank for the previous generations, and TD bank is becoming the younger generation bank. Sort of seems like TD will be taking the spotlight from RBC and will soon be Canadas biggest/greatest bank in terms of Customer Service and Market Cap.
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    Quote Originally Posted by KaeJS View Post
    It feels like RBC was the bank for the previous generations, and TD bank is becoming the younger generation bank. Sort of seems like TD will be taking the spotlight from RBC and will soon be Canadas biggest/greatest bank in terms of Customer Service and Market Cap.
    This is not how I see the difference among TD and RBC at all. TD focuses on the retail side of the business in both Canadian and US operations. RBC is much more heavily weighted in capital markets.

    Which strategy will make more money? Don't know the answer to that, but I think it's a lot more complex than previous/younger generation divide.

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    Senior Member KaeJS's Avatar
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    Quote Originally Posted by Sampson View Post
    This is not how I see the difference among TD and RBC at all. TD focuses on the retail side of the business in both Canadian and US operations. RBC is much more heavily weighted in capital markets.

    Which strategy will make more money? Don't know the answer to that, but I think it's a lot more complex than previous/younger generation divide.
    Hm, I dont know.

    RBC just backed out of the US and lost lots of money, plus future potential to make money there.

    I would say that TD is the one that will be expanding in all aspects.

    Generally speaking, commercial would probably make more money because you are dealing with greater amount of funds, but I think TD is really pushing it...

    I feel like RBC is losing their ability to continue producing great results.

    RBC Q2 (Apr '11) 2010
    Net profit margin 25.09% 18.79%

    TD Q2 (Apr '11) 2010
    Net profit margin 25.20% 23.08%

    Look at TD's profit margin for 2010 compared to rbc's.
    TD also has a net profit margin slightly (and I mean SLIGHTLY) higher than RY for last quarter.
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    IMHO, new generation chosing ...ING Direct


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