Toronto Dominion Bank: a Canadian banking leader with a number of competitive advantages
Lately, I like to look around for interesting banks that may represent an attractive investment opportunity. Again, I'll share with you an interesting tip that might make sense from an investment perspective. Today we're going to talk about Toronto-Dominion Bank, which (among other positives) has been paying dividends continuously for 164 years. Plus, it's one of the major banks in Canada and has some really decent competitive advantages.
Toronto Dominion Bank branch
I'm not going to drag this out unnecessarily and we'll jump straight into an analysis of this bank. What are those aforementioned competitive advantages? 👇
Toronto-Dominion $TD is one of the two largest banks in Canada by assets and one of six that collectively hold roughly 90% of the nation's bank deposits. The bank derives about 55% of its revenue from Canada and 35% from the United States, with the rest from other countries. Toronto-Dominion has done an admirable job of focusing on its Canadian retail operations and has…
It is expected that $TD will continue to demonstrate solid strength in domestic banking operations, manage credit and credit quality well, and continue to control expenses that will lead to a consistent return on equity over the long term.