The Toronto-Dominion Bank (USA) (TD)

Profile
Toronto-Dominion Bank
Toronto Dominion Centre
PO Box 1
Toronto, ON M5K 1A2
Canada - Map
Phone: 416-982-8222
Fax: 416-982-5671
Web Site: www.td.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Money Center Banks
Full Time Employees: 58,792

BUSINESS SUMMARY
Toronto-Dominion Bank, through its subsidiaries, engages in the provision of retail and commercial banking, wealth management, and wholesale banking products and services in North America and internationally. It operates through four segments: Canadian Personal and Commercial Banking, Wealth Management, U.S. Personal and Commercial Banking, and Wholesale Banking. The Canadian Personal and Commercial Banking segment comprises Canadian banking and global insurance businesses that serve personal and small business customers. It also offers a range of insurance products, including home and automobile coverage, and life and health insurance in Canada and the United States; business property and casualty insurance in the United States; and credit protection coverage. This segment offers banking solutions through telephone and Internet banking, approximately 2,600 automated banking machines, and a network of 1,098 branches located in Canada. The Wealth Management segment provides an array of investment products and services, such as financial advisory, private banking, trust and investment management services, discount brokerage, and distribution and asset management services to retail and institutional clients. The U.S. Personal and Commercial Banking segment comprises various retail and commercial banking operations in the United States. This segment serves through a network of approximately 1,000 branches. The Wholesale Banking segment offers capital markets and investment banking products and services that include underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and executing daily trading and investment needs. The company was founded in 1855 and is headquartered in Toronto, Canada. Toronto-Dominion Bank operates as a subsidiary of TD Bank Financial Corp.

***All above information from YAHOO FINANCE***

a large Canadian bank (oh, wait, there are only large banks in Canada) i.e. very dependable dividend, rock-solid financials, well-established brand-name

but is it going to beat the S&P? heck no, unless the S&P dives...

disclosure: long TD

low p/e, consistent dividend payments over a long time period

TD Bank is a Canadian Financial Trust Company and as such benefits from the Canadian Banking and Regulations vigor. In addition TD has expanded into the US market, and in addition to traditional suits and buildings service, offers through its subsiduaries online banking, and discount brokerage service. Solid company, solid history, benefits from Candian banking regulations, and has demonstrated fluidity to put its product on the new platforms appealing as a company to multiple generations and comforts.

BEST OFFERS.... WILL OUTCOMPETE THE OTHERS

Beaten down but fundamentally good.

Canadian banks are up a ton, but aren't done yet. In addition to the fact that fair pricing has the stocks still 20% under-valued, they're all boasting a 3-6% dividend. How can you go wrong?

This bank is taking over the NE bank market, has no toxic assets, and pays a fine yield. Looking for a long run up starting with a good financial earnings season.

TD! What's That? Touchdown! TD is in better shape than their peers. Also, Canadian banking and exposure to some of their currency makes me Looney! They will continue to grow in the US and Canada.

TD has an excellent balance.

Solid Dividend with a yield of about 4.5% and a Solid Dividend growth rate.

At present sentiment against banks are hurting this stock. This Sentiment is temporary and there will be excellent upside when this changes.

The Canadian Federal Government introduced TFSA(Tax-Free Savings Account) in the 2008 budget. As soon as the majority of the citizens fully understands the benefits of TFSA, Toronto Dominion Bank will accommodate their needs.

Great Canadian bank (I've used it for over 30 years!), plus the Canadian dollar is likely to appreciate against the US greenback in coming years (as oil and inflation both go up!).

Skipped this Cdn bank earlier due to their heavier US presence but now it looks like banks will have a mechanism to remove poor quality assets from their vaults (PPIP) and get cash in exchange.

TD best managed bank, in the most stable country for banking (Canada)

O' Canada!

It's a stable Canadian bank.

Good management has kept this bank from trying to make a quick buck.

The big five banks in Canada operate a virtual oligarchy, which make their moats deep and wide. Regulations have protected Canadian banks from the worst of the toxic loans. The Governor of the Bank of Canada projects that Canada will be best positioned developed nation in 2010 after the worst of the recession is over.

Best Bank