TD:CC - TD Bank: A Rare Opportunity For Long-Term Investors
2024-07-11 06:58:41 ET
Summary
- TD Bank shares are struggling due to money laundering accusations in the US, causing uncertainty for investors.
- Despite short-term challenges, the long-term story is intact with a cheap valuation and attractive dividend yield for investors.
- TD's Canadian assets are strong, with a focus on customer service driving growth, while US and other divisions are facing temporary challenges in profitability.
Toronto-Dominion Bank ( TD:CA )( TD ) shares have struggled lately as investors are nervous about the uncertainty related to money laundering accusations in the United States. But the long-term story is still intact, and investors who buy today can lock in a good valuation and attractive dividend yield. I rate the stock a buy.
All dollar amounts in CAD unless indicated otherwise.
Introduction
TD Bank is the second-largest bank in Canada and the sixth-largest ranked by assets in North America. It is also a member of Canada's banking oligarchy, six large banks that collectively hold more than 90% of all banking assets in the country....
TD Bank: A Rare Opportunity For Long-Term Investors