The Toronto-Dominion Bank (USA)
National Bank of Canada (TSX:NA) has reached an agreement with Toronto Dominion Bank (NYSE: TD) to buy the group's institutional services unit known as TD Waterhouse Institutional Services for $242.1 million. The agreement is still subject to regulatory approval, but both parties expect it to be finalized before the end of the year. The merger expands National Bank's already robust institutional services division and may provide more »
If you’re an income investor, the following three stocks could add some punch to your portfolio. If you’re not, research dividend paying entities such as the three listed below as possible components of a balanced stock portfolio.
Kimberly-Clark (NYSE: KMB)
Kimberly-Clark manufactures and markets personal care, consumer tissue, and health care products. What do I like about Kimberly-Clark?
Recently, Kimberly-Clark’s board declared a regular quarterly dividend of more »
Today I’ll be reviewing Royal Bank of Canada (NYSE: RY) as part of my Great Canadian Banking Series. In this 10-part series, I examine the Canadian Banking Sector to identify good dividend growth candidates.
Side Note: Since the article is focusing on a Canadian sector I chose to show stock information from the Toronto Stock Exchange instead of the NYSE. Dollar amounts and stock information are in Canadian dollars more »
Today, I’ll be reviewing Toronto-Dominion Bank (NYSE: TD) as part of my Great Canadian Banking Series. In this 10 part series I examine the Canadian banking sector to identify good dividend growth candidates.
Side note: Since the article is focusing on a Canadian sector I chose to show stock information from the Toronto Stock Exchange instead of the NYSE. Dollar amounts and stock information are in Canadian dollars.
10 more »
Note: This article has been amended to better reflect Canadian National Railway's geographical reach
After a strong first half in 2013, the S&P 500 has outperformed nearly every stock market index this year. Expanding valuations have driven the rally, and the S&P 500 is presently valued ~10% more dearly than in January 2012. Many international markets have lagged the U.S. and are now tempting investment candidates more »
When American investors consider buying stock of a bank, the first ones that usually come to mind are the dominant forces in American banking. Banks like Wells Fargo, Bank of America, and JPMorgan Chase come to mind. But I strongly feel it would be wise for investors to consider one from the Great White North.
According to the World Economic Forum, Canada's banking system has been ranked the strongest more »
My coverage on the Canadian banking sector continues. In this brief analysis I will examine if the downgrade by Moody's should be a major concern for potential investors.
Moody’s recently downgraded six of Canada’s largest banks primarily due to high levels of consumer debt and elevated housing prices, which forces a potential downside risk on the Canadian economy.
Irrespective of the downgrade, several Wall Street experts and more »
The Bank of Nova Scotia (NYSE: BNS) has $740 billion in assets under management (AUM) as of May 2013. The bank believes in holding a well-diversified portfolio of investments. This diversification can be geographical or industrial, which helps in monetizing future growth opportunities. I am analyzing the top three companies of its portfolio, which recently took major steps including expansion efforts and new agreements in order to boost revenue.
Name more »
My coverage of the Canadian banking sector continues, as this time around, I will be deeply evaluating the the Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as the CIBC, and what makes it a worthwhile investment.
The Canadian Imperial Bank of Commerce is the fifth-largest bank by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario.
CIBC is an interesting choice for an investment. The bank more »
Since 1790, the American banking system has experienced sixteen different financial crises, in contrast, the Canadian banking system has experienced none so far. This makes a big statement to potential investors about the stability of the Canadian financial system over the tumultuous American banking system.
The recent subprime crisis, which led to a global economic meltdown eventually resulted in heavy losses for American banks, and ultimately the collapse of Lehman more »
Much has been written and said regarding the Federal Reserve’s monetary policy and the negative impact it has and will continue to have on the U.S. dollar. Much less has been written about how investors can protect the value of their dollars from depreciating while also generating exceptional returns and avoiding high risks. Those objectives can be achieved by investing in businesses that conduct their daily affairs in more »
During the course of observing the markets before, during, and after the financial crisis, I noticed three specific categories that financial companies could be categorized into. The first are those companies who, through poor lending practice, high leverage, or other general irresponsibility were hit hard by the crisis. This category includes companies who failed, like Lehman Brothers, as well as companies who endured due to government help like Citigroup (NYSE: Cmore »)
Since 2009, most commodities have been on a fairly strong, and sustained, run. But in recent months, that trend has shown signs of reversing. Some prominent fund managers have called for the end of the great commodities “super cycle” -- if that’s truly the case, how should investors position themselves?
The commodities super cycle
Along with equities, commodity prices largely plummeted during the financial crisis, bottoming early in 2009. Then more »
Lately it seems that almost the entire market has been making new highs daily, making it more and more difficult to figure out which companies are still good values and which have gotten a little bit ahead of themselves. This is especially true in one of my personal favorite sectors to invest in: retail. Retailers provide unique opportunities to capitalize on trends in consumers’ spending habits and market uncertainty. For more »
In the search for stability and yield many core holdings include financials – in particular bank stocks. I personally like some of the Canadian banks at the moment. I know I’m not the only person to have suggested Canadian banks as an investment. I remember reading an article some time ago about someone recommending CIBC. Then he referred to the acronym as standing for the Canadian Imperial Bank of Communication more »
In order to best situate yourself in the market, you should have exposure to a variety of sectors. The financial sector is an area that you can diversify into quite a lot. Within this sector, there are banks from around the globe, both big and small.
I bring to you my three favorite banks that come from three pretty distinct areas of the financial sector. From the larger side of more »
In December, Toronto-based TD Bank (NYSE: TD) announced that it had entered into an agreement to purchase the U.S.-based asset management firm Epoch Investment Partners (NASDAQ: EPHC) for just under $700 million. Although Toronto Dominion Bank does operate some bank branches in a few states, this purchase represents one of the largest direct investments that the company has ever made in the United States.
This deal comes as more »
It's a challenge to pick among Canada's apparently identical Big-5 banks. In investment circles, most discussion is centered on which stock is the cheapest. But with each company pursuing diverging strategies, investors should base their decision on their own thesis.
Royal Bank of Canada
Thesis: With the worst of the financial crisis behind us, the global investment banking industry is poised for a rebound.
With $90 billion in more »
Toronto-Dominion Bank (NYSE: TD), a.k.a. TD Bank, is Canada’s second largest financial institution, with over 14 million customers. TD Bank is one of the few financial institutions that are actually doing better than it was before the crisis of 2008-09 due to the good credit quality of its loan portfolio and good strategic acquisitions. In my opinion, TD Bank is one of the best ways to gain more »
In discount Direct Stock Purchase Plan (DSPP) investing, one advanced technique investors can utilize to achieve profits, is investing in a DSPP with optional purchase discounts in order to exploit the difference in share price between the purchase discount and the current market price. For example, Pembina Pipeline (NYSE: PBA), an energy transfer company operating in Canada, with a mediocre margin of 7.17%, but a manageable beta of 0 more »
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