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Suggestion by 202.248.73.112 on 2009-05-14 06:49:24

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TD may be an intriguing investment opportunity, especially as an alterna...

Suggestion by Irakrakow on 2008-01-19 01:00:30

TD may be an intriguing investment opportunity, especially as an alternative to US banks. The Canadian mortgage market is still healthy and is not likely to experience the problems of the US style subprime mortgages. Although Canadian bank stocks are down 20% from their 52 week highs, they are down less than the 30% average of US banks. Compared with the Canadian Imperial Bank of Commerce (CM), TD is favored becase of its solid leadership, a strong domestic retail franchise, and a solid US growth plan. Additionally, TD can benefit, because of its holding company TD Ameritrade (AMTD), when the market picks up again.

Another suggestion: compare TD with its Canadian competitors, such as Bank of Nova Scotia (BNS), Bank of Montreal (BMO), and Royal Bank of Canada (RY). Of the 4, I like TD because of its solid management and its PEG of 0.95.

Sources:
http://seekingalpha.com/article/55915-td-bank-beats-analysts-forecasts http://seekingalpha.com/article/60192-canadian-banks-show-long-term-strength?source=yahoo http://www.guardian.co.uk/feedarticle?id=7234566

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