TD Bank (TD) is benefiting from a good economic backdrop — both in the United States and Canada. I like TD’s 11 P/E and high yield.
With its purchase of Greystone Capital Management, TD Bank (TD) will become the largest money manager in Canada.
Toronto-Dominion, also known as TD Bank (TD), is doing well because America and Canada are thriving. With a P/E of 12 TD is a solid value.
TD Bank (TD) is growing profits in the double-digits right now — which is great. And with a P/E of just 13, the stock is undervalued as well.
TD Bank (TD) has lots of good things going for it right now, including strength in both its Canadian and U.S. banks and an influx of fresh blood from Scottrade.