57.40 -0.16 (-0.28%)
After hours: 6:35PM EST
|Bid||57.60 x 1000|
|Ask||57.61 x 1800|
|Day's Range||57.48 - 57.90|
|52 Week Range||47.73 - 59.55|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||12.74|
|Forward Dividend & Yield||2.25 (3.88%)|
|1y Target Est||64.12|
A giant in the Canadian banking sector, Toronto Dominion stocks can help retirees avoid OAS clawbacks to maximize their income for retired life.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Royal Bank of Canada (TSX:RY)(NYSE:RY) make it easy for Canadians to take control of their own retirement savings.
TORONTO , Nov. 18, 2019 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the November cash distributions for the TD Exchange-Traded Funds (the "TD ETFs") listed below. Unitholders ...
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and BCE (TSX:BCE)(NYSE:BCE) are two of Canada's top dividend stocks. Is one a better bet right now?
A Broad Range of Investment Solutions - TD Asset Management Inc. Wins in Six Categories at the 2019 Refinitiv Lipper Fund Awards
Selecting the right mix of income-producing investments with payouts that span across the calendar can provide your portfolio with ample income-earning possibilities.
Long-term investments don't get much better than TD Bank (TSX:TD)(NYSE:TD). Why you'll want to own this stock for a long time.
TORONTO , Nov. 14, 2019 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its fourth quarter financial results and host an earnings conference call on Thursday, December 5, 2019 ...
Here's how retirees squeeze more earnings out of their savings without putting their Old Age Security payments at risk.
The top Canadian banks, including Royal Bank of Canada (TSX:RY)(NYSE:RY) and Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), are set to release earnings over the next month.
Reinvesting dividends in high-yield stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) could double your TFSA more quickly than otherwise possible.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and other sorts of stocks are must-buys whenever Mr. Market gives you a market-wide sale like the one experienced three months ago!
(Bloomberg) -- Oil erased an early loss Friday, capping a weekly gain as investors shrugged off a comment by President Donald Trump that the U.S. hasn’t agreed to fully roll back tariffs with China.Futures in New York climbed 1.9% on the week to settle at a six-week high. U.S. equities drifted after Trump said the U.S. hasn’t agreed to a tariff rollback with China, tempering some of the optimism that a preliminary trade deal will be reached next month. Investors have been whipsawed the past two days amid an onslaught of contradictory headlines about progress in the trade war.“The U.S. is still looking to get something done so it’s just an on again, off again thing with bantering back and forth,” said Kyle Cooper, research director at IAF Advisors in Houston. “Optimism regarding the U.S.-China trade deal is the driving force behind it.”Oil has fallen about 14% since hitting this year’s peak in April as the trade spat saps crude consumption and global supplies expand. OPEC and its partners will probably keep output steady when they meet next month as markets are on track to re-balance, according to Goldman Sachs Group Inc. and Trafigura Group Ltd.“OPEC’s ability to cut production and help prices firm has neared its limits and Saudi Arabia might find it difficult to convince other members to deepen product cuts,” said Daniel Ghali, commodity strategist at TD Bank in Toronto. “If OPEC can’t deepen their commitment we are set for an oversupply and that is going to be bearish for prices.”See also: Aramco Taps Billionaire Olayans, Saudi Prince for IPO OrdersWTI for December delivery rose 9 cents to settle at $57.24 a barrel on the New York Mercantile Exchange.Brent for January settlement rose 22 cents to $62.51 a barrel on the London-based ICE Futures Europe Exchange. The global benchmark crude traded at a premium of $5.25 to WTI.“The U.S.-China trade talks are heading in the right direction” but “there are still several obstacles that will need to be overcome,” said Stephen Brennock, an analyst at PVM Oil Associates Ltd. in London. “The road to a final resolution will be bumpy. The upside for the risk-asset complex is limited and the current momentum is built on wobbly foundations.”Rolling back tariffs would pave the way for a de-escalation in the trade war that’s cast a shadow over the world economy. China’s key demand since the start of negotiations has been the removal of punitive tariffs, which by now apply to the majority of its exports to the U.S.“If anything, Trump’s statements were a dose of reality,” said Ashley Petersen, oil market analyst at Stratas Advisors in New York. “Investors got a little too optimistic and too excited and spiked these prices and now we are seeing a rollback as the White House comes out with fairly firm statements.”To contact the reporter on this story: Jacquelyn Melinek in New York at email@example.comTo contact the editors responsible for this story: David Marino at firstname.lastname@example.org, Mike JeffersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Bitcoin’s push back below $9,000 has a key technical indicator suggesting the cryptocurrency risks entering a selling trend.The GTI Vera Convergence Divergence Indicator shows a narrowing gap between the signal and vera lines, which suggests a trend change may be on the horizon. If this occurs, the largest digital currency could retest the lows seen before its rampant run following comments by China’s President Xi Jinping in October.Bitcoin rallied after Xi said that China plans to increase investment to “keep our country at the very forefront” of blockchain technology in the search for industrial advantages. Traders said speculators took those comments as a positive for the underlying technology that runs Bitcoin.The cryptocurrency still faces resistance at the $10,000 level, with investors uncertain about what catalyst could help break that barrier.“It’s had a decent move to the downside today, but to me, it’s going to remain range-bound for a while,” said JJ Kinahan, chief market strategist at TD Ameritrade. “I don’t know what the stimulus would be to take us outside of that range. It’s similar, to me, to what we see in the market overall.”Bitcoin fell as much as 5.8% to $8,679 on Friday in New York trading, according to Bloomberg consolidated pricing. Other tokens such as Ether, Litcoin and XPR also slumped.\--With assistance from Kenneth Sexton (Global Data).To contact the reporters on this story: Claire Ballentine in New York at email@example.com;Vildana Hajric in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jeremy Herron at email@example.com, Dave Liedtka, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AltaGas Ltd (TSX:ALA) used to be a great dividend stock to own but now there may be too much risk surrounding the company to make it a good buy.
(Bloomberg) -- Robinhood Markets Inc. is once again getting unwanted scrutiny in Washington after some of the brokerage’s customers took advantage of a flaw that allowed them to make highly leveraged trades without putting down enough cash to back the transactions.The glitch, labeled the “infinite money cheat code” by Reddit Inc. users, was exploited by about 20 customers and triggered estimated losses of less than $100,000, according to a person with knowledge of the matter who asked not to be named because Robinhood hasn’t disclosed the figures. The episode has also prompted questions from brokerage regulators, who could fine Robinhood if they find compliance lapses.Read More: Robinhood Has a Glitch That Gives Traders ‘Infinite Leverage’Though the money involved appears to be small, it’s the latest black mark for a fintech startup that is seeking credibility in a highly regulated industry. The setback comes at a less-than ideal time for Menlo Park, California-based Robinhood, which is seeking to grow its business by obtaining a banking license from the U.S. Office of the Comptroller of the Currency.Robinhood already had a high-profile misstep last December when it botched the rollout of a new checking account by falsely saying customer deposits would be backed by the Securities Investor Protection Corp., a Washington nonprofit that insures consumers against losses if their brokerage fails or their investments are stolen. SIPC quickly made clear that the assertion was bogus.Read More: SIPC Says It Has Serious Concerns About Robinhood’s New ProductThe leverage glitch was taken advantage of by users of Robinhood Gold Service, where traders can “supercharge” their wagers on stocks and other assets by paying $5 a month to trade on margin, or money borrowed from the company.“We recently identified a small number of accounts engaging in problematic trading activity on our platform,” Robinhood spokesman Jack Randall said in a statement. “We’ve quickly restricted these accounts, and made a permanent update to our systems intended to prevent anyone from engaging in this pattern of trades. We’ll continue to monitor closely for any type of abusive activity on our platform and will take action as appropriate.”The trades described on Reddit involve customers entering into option transactions with money borrowed from Robinhood. The more money a user borrows, the more money Robinhood will lend them for future investing. One trader bragged about taking an eye-popping $1 million position based on a $4,000 deposit.Robinhood believes it has fixed the glitch, said the person. Still, some Reddit users posted comments Thursday insinuating that flaws might be persisting.The stakes are high for Robinhood in demonstrating its systems are up to snuff. The company closed a round of funding in July that valued it at $7.6 billion.Founded in 2013, Robinhood has become a Silicon Valley darling for its popularity among millennials, who use its mobile app to invest in stocks, exchange traded funds and cryptocurrencies. A major selling point has been that Robinhood lets customers trade for free, something industry stalwarts such as Charles Schwab Corp., TD Ameritrade and Fidelity Investments have followed suit on.Brokerages are policed by both the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, a watchdog that is funded by the firms that it oversees.Both agencies engage in routine inspections of brokerages, and typically ask pointed questions when firms suffer system failures. The SEC and Finra can also penalize brokerages for failing to safeguard client and firm funds.SEC and Finra spokesmen declined to comment.\--With assistance from Ben Bain and Brandon Kochkodin.To contact the reporters on this story: Matt Robinson in New York at firstname.lastname@example.org;Julie Verhage in New York at email@example.comTo contact the editors responsible for this story: Jesse Westbrook at firstname.lastname@example.org, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.