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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (130573)	8/30/2022 4:17:21 PM
From: Goose94	Read Replies (1) of 202170

Toronto-Dominion Bank (TD-T) top pick from Brian Madden on BNN.ca Market Call Tuesday August 30th @ 1200ET TD is Canada’s second-largest bank and is on the verge of becoming America’s sixth-largest bank as well. TD earns a 16 per cent return on shareholder’s equity and has grown earnings per share at a nine per cent rate over the last decade, with a commensurate increase in its dividend. The strength of its balance sheet affords them the flexibility to pursue the recently announced $13.4 billion acquisition of U.S. southeastern regional bank, First Horizon in an all-cash deal expected to be 10 per cent accretive to earnings post realization of an anticipated US$610 million in synergies. Currently offering a 4.2 per cent yield, and with dividends likely to continue growing at a high single-digit pace, we see a logical and visible path to continued low double-digit total returns over a cycle, a pattern that has allowed TD and other Canadian banks to outperform the S&P TSX Composite in 18 of the last 25 years.

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