Forget Toronto-Dominion Bank, Buy This Magnificent Bank Stock Instead
I own shares of Toronto-Dominion Bank (NYSE: TD) and Bank of Nova Scotia (NYSE: BNS), so I'm fond of both companies. However, TD Bank is facing a unique regulatory headwind that might bother more conservative investors. Although Scotiabank has its own problems, it isn't facing the same regulatory issues and has a higher yield. If you are considering investing in TD Bank, you might actually prefer Scotiabank.
Both TD Bank and Scotiabank hail from Canada. The Canadian banking sector is highly regulated. There are two key takeaways from this fact, First, Canadian banks tend to operate in a fairly conservative manner. Second, regulators have basically protected the industry's largest companies from competition, so the biggest banks are largely entrenched. TD Bank and Scotiabank are two of the largest banks in Canada.
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Source Fool.com
Toronto-Dominion Bank Stock
With 3 Buy predictions and 2 Sell predictions the community is currently undecided on Toronto-Dominion Bank.
With a target price of 86 € there is a hugely positive potential of 69.89% for Toronto-Dominion Bank compared to the current price of 50.62 €.
