Q: What is your outlook for GSY, is there any upside left for it or do you think I should hop off here and go to a bank? ..........I would also like to know which bank would be your favourite, even if you recommend keeping GSY.
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Investment Q&A
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- Amazon.com Inc. (AMZN)
- Costco Wholesale Corporation (COST)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Alimentation Couche-Tard Inc. (ATD)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: I want to buy the above 6 stocks at a full position of each in a balanced portfolio for a long time hold. Are there any you wouldn't buy at this time and continue to watch, or any you would buy a half position and watch? Thanks!
- JPMorgan Chase & Co. (JPM)
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- BMO Equal Weight US Banks Index ETF (ZBK)
- Lloyds Banking Group Plc American Depositary Shares (LYG)
- ING Group N.V. (ING)
Q: Hi, looking at the financial sector. I have TD and IFC and looking to add another. The options I am looking at is another Canadian bank that benefits from US exposure (RY), a US bank (JPM) or ETF of banks (ZBK), or diversifying away from North America to a major UK (LYG) or European (ING) bank. My objective is downside safety paired with dividend income and some growth. I realize global stocks aren't your focus, but would appreciate any thoughts you might have on relative merits of these stocks.
Q: I’ve held TD for many years and the steady dividends are great but it’s sure been floundering as of late in terms of growth. The 50 per cent weighting in the states seems to have dragged it down with the money laundering questions not being adequately addressed. Might a switch to Manulife or Sun Life not be a prudent move at this time??
Q: Long term dividend growth investor recently retired. Thinking about reducing my position in TD. While the dividend growth has been good, the stock price and earning have not. The consensus earning forecast doesn't look good either. As far as I can tell, the only reason for hope is that the CEO's unofficial 10 yr term is coming to an end. Some say that it will get better once the money laundering matter is behind them, but I'm not so sure. The problem seems to be earnings or lack of them.
Can I get your outlook for TD?
Can I get your outlook for TD?
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Enbridge Inc. (ENB)
- Sun Life Financial Inc. (SLF)
- Brookfield Infrastructure Partners L.P. (BIP.UN)
- Brookfield Corporation Class A Limited Voting Shares (BN)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: For capital appreciation over a 5 year period - Which 2 or 3 of the listed stocks would you choose.
Thanks
Thanks
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Enbridge Inc. (ENB)
- Sun Life Financial Inc. (SLF)
- Brookfield Infrastructure Partners L.P. (BIP.UN)
- Brookfield Corporation Class A Limited Voting Shares (BN)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: What would be your picks for adding to the noted stocks - for price appreciation in the next 5 years.
Thanks
Thanks
Q: I want to buy 2 of the big Canadian banks for an indefinite hold - on Feb 1 you suggested BNS and TD - after earnings, would these two still be your choices?
Q: I hold positions in these three banks. What entry points would you be comfortable adding to these names?
Thanks
Tim
Thanks
Tim
Q: Which Canadian bank has been the worse performer in the last cycle?
Danny
Danny
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Bank of Montreal (BMO)
Q: We have well-diversified Canadian portfolio (~30 holdings) focused slightly toward growth. Across our various accounts we are overweight in the Financial Services sector. We are considering reducing our holdings in the traditional banks, which are currently roughly equal amounts of TD, BNS, BMO and RY.
Putting aside potential taxation issues, given the choice between reducing all the banks by roughly the same amount or reducing the number of banks to 2 or 3, which would you prefer and why? If it's the latter, which banks would you keep and in what order?
Thanks,
Peter.
Putting aside potential taxation issues, given the choice between reducing all the banks by roughly the same amount or reducing the number of banks to 2 or 3, which would you prefer and why? If it's the latter, which banks would you keep and in what order?
Thanks,
Peter.
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- BCE Inc. (BCE)
- Enbridge Inc. (ENB)
- Constellation Software Inc. (CSU)
- ARC Resources Ltd. (ARX)
- Tourmaline Oil Corp. (TOU)
- Agnico Eagle Mines Limited (AEM)
- Tamarack Valley Energy Ltd. (TVE)
- Nutrien Ltd. (NTR)
- Brookfield Corporation Class A Limited Voting Shares (BN)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Hi. I have an RESP for three grandkids, ages 5, 7 and 9. Current holdings that I'm underwater on are: AEM, BCE, BN, NTR and TVE along with these: ARX, BAM, CSU, ENB, RY, TD and TOU. I'd appreciate your overall comments on account re sector allocation and any obvious sells. As well, I'd like suggestions on how to deploy $7000 cash. Thx.
Q: Does their DRIP have a discount?
Thanks
Sheldon
Thanks
Sheldon
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Canadian Imperial Bank Of Commerce (CM)
- New York Community Bancorp Inc. (NYCB)
Q: The US commercial property crisis has become hot topic again and the share price of New York Community Bancorp decline a lot . Please comment on the impact on these banks. Thanks a lot.
Q: Of the 5 major banks, which one (or 2) do you think has the best potential for growth over a 10 year time frame? And if possible, a few comments why. Thanks
- NVIDIA Corporation (NVDA)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: What are your five current favorite stocks for short-term (1 year) gains? They can be either US or Canadian stocks. Thanks,
- Toronto-Dominion Bank (The) (TD)
- Sun Life Financial Inc. (SLF)
- National Bank of Canada (NA)
- goeasy Ltd. (GSY)
Q: Expanding on my recent question about my desire to reduce exposure in the Financial Services sector, today's article in the Globe & Mail is of concern:
"Non-prime lenders warn thousands of borrowers they could be cut off because of new maximum interest rates"
Should this cause me to rethink my strategy to reduce TD to raise the cash? As you pointed out in your answer, GSY is significantly riskier than the our other holdings in this sector.
We are seniors (75 & 80) and the stocks referred to are in a RRIF.
Your thoughts? Thanks!
"Non-prime lenders warn thousands of borrowers they could be cut off because of new maximum interest rates"
Should this cause me to rethink my strategy to reduce TD to raise the cash? As you pointed out in your answer, GSY is significantly riskier than the our other holdings in this sector.
We are seniors (75 & 80) and the stocks referred to are in a RRIF.
Your thoughts? Thanks!
- Toronto-Dominion Bank (The) (TD)
- Sun Life Financial Inc. (SLF)
- National Bank of Canada (NA)
- goeasy Ltd. (GSY)
Q: Portfolio Analytics indicates that across our accounts, we are overweight in the Financial Services sector. In order to free up some cash for under=represented sectors, my thinking is to reduce TD enough to achieve the target amount. I'm a bit uneasy with some of the recent negative issues with TD, but still would like to keep some due to its wide moat and 5i's opinion that perhaps its "problems" have been overplayed. Would you concur with my strategy? Thanks.
Q: TD appears to be in some trouble with both its business activity and its share price. Several questions about TD have been recently asked and the answers have been a bit bland. Can you assess the stock and all that is happening and give your view for the future. I have owned TD for many years but concerned with what is going on. It's not what I expect from a top bank. Just to recap some recent events at TD at a high level - earnings were a bit disappointing, a former employee was charged with drug money laundering and bank employees knew about a probe 6 months before disclosing it. The share price has recently dropped much more than its peers. A recent response from 5i that TD went ex dividend I don't think accounted for anywhere near the drop in price that day. Do you still consider it a top bank pick?
- Visa Inc. (V)
- Toronto-Dominion Bank (The) (TD)
- Sun Life Financial Inc. (SLF)
- Bank Nova Scotia Halifax Pfd 3 (BNS)
Q: I am overweight in financials with BNS, TD, SLF, POW, Visa and underweight in Utilities. I was thinking of letting POW go. Thoughts on this?
For Utilities, I looked at TA with its very low P/E but it is still stuck in non-renewables at the moment. Thoughts on this? What utility (ies) would you suggest?
I am just asking for thoughts/suggestions.
Your advice is greatly appreciated.
For Utilities, I looked at TA with its very low P/E but it is still stuck in non-renewables at the moment. Thoughts on this? What utility (ies) would you suggest?
I am just asking for thoughts/suggestions.
Your advice is greatly appreciated.