|Bid||76.68 x 0|
|Ask||76.69 x 0|
|Day's Range||76.29 - 76.70|
|52 Week Range||65.56 - 77.96|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||12.19|
|Earnings Date||Dec. 5, 2019|
|Forward Dividend & Yield||2.96 (3.88%)|
|1y Target Est||80.20|
A Broad Range of Investment Solutions - TD Asset Management Inc. Wins in Six Categories at the 2019 Refinitiv Lipper Fund Awards
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 ...
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(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 firstname.lastname@example.orgTo contact the editors responsible for this story: David Marino at email@example.com, 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 firstname.lastname@example.org;Vildana Hajric in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, 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 email@example.com;Julie Verhage in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jesse Westbrook at email@example.com, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
If you're not using all your TFSA room, you could miss out on huge savings from dividend stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD).
TORONTO , Nov. 7, 2019 /CNW/ - TD Bank Group (TD) announced today that TD Auto Finance has become a fully integrated national auto group within TD Business Banking. Effective November 1, 2019 , auto accounts ...
Canadian banks like Royal Bank of Canada (TSX:RY)(NYSE:RY) and TD Bank (TSX:TD)(NYSE:TD) consider whether open banking practices endanger consumer information.
It’s hard to believe that a company has a dividend track record of 162 years. Toronto-Dominion Bank stock has that outrageous record, which makes it a holding for generations.
(Bloomberg Opinion) -- The Dow Jones Industrial Average finally joined the S&P 500 Index and Nasdaq Composite Index in setting new highs on Monday. The thing is, the moves appear to be less about optimism over things like growth in the economy or earnings than relief that things aren’t getting any worse.The gains came as the Commerce Department said durable goods orders fell 1.2% in September, in line with its initial forecast for a 1.1% decline. As for earnings, they are on track to show a drop of 1.8% for the third quarter, which is better than the 4% projected decline. “Not that it’s an unbelievable earnings season, but it’s been so much above expectations,” JJ Kinahan, the chief market strategist at TD Ameritrade, told Bloomberg News. Here’s another way to look at it, though: Earnings have exceeded analysts’ estimates by 3.8%, below the average of 5.2% over the last year and 4.9% the last five years, according to DataTrek Research. And that the so-called beat rate is down even though revenue growth is beating estimates, a sign profit margins are getting squeezed. As a result, analysts are cutting their fourth-quarter forecasts, taking them down by 2.8% during the month of October, which DataTrek points out is steeper than the typical reduction of 1.7% over the last five years.Equities also got a boost following a report that China is reviewing locations in the U.S. where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world’s two largest economies. Again, this is more relief that maybe the trade war won’t get any worse and drag on the global economy, rather than optimism that it would spur growth. As the JPMorgan Global Manufacturing Index showed on Monday, factory output shrank for a sixth straight month in October.BOND TRADERS BECALMEDWith stocks rallying not only in the U.S, but globally, the bond market naturally took a hit. The yield on the benchmark 10-year Treasury note jumped as much as 8 basis points, or 0.08 percentage point, for its biggest increase since Oct. 10. Still, at 1.79%, the yield is hardly signaling the all clear when it comes to the challenges facing the economy. This time last year, the median estimate of more than 50 economists surveyed by Bloomberg was for the yield to be between 3.42% and 3.49% by now. And it’s not like bond traders are expecting a sudden jump in yields that would accompany a brighter economic outlook. That can be seen in the rapid drop in Bank of America Corp.’s MOVE Index. The measure of anticipated implied volatility has had one of its steepest declines in years over the past four weeks, suggesting bond traders anticipate a period of relative calm in the market even though the Federal Reserve signaled last week that it is done cutting interest rates after three reductions since the end of July. As for what economists see now, they are calling for yields to hover around their current levels through the third quarter of 2020, before slowly creeping up and only breaching the 2% level in the second quarter of 2021. Higher yes, but hardly a level that suggests a buoyant economy.CENTRAL BANK STIMULUSLow bond yields globally have contributed much to the rally in equities worldwide. Simple discounted cash-flow analysis shows how lower rates make future earnings more valuable now, justifying higher multiples for equities even without profit growth. But don’t discount central bank largesse. In an effort to combat the global slowdown, major central banks have turned more dovish not just by lowering interest rates, but also by expanding their purchases of financial assets. Led by the Fed’s efforts to unclog the repo market by purchasing more Treasury bills, the collective balance-sheet assets of the Fed, European Central Bank, Bank of Japan and Bank of England rose by 0.6 percentage point to 35.7% of their countries’ total GDP in October, according to data compiled by Bloomberg. The increase from September was the most for any month since March 2017. “Global central banks have delivered an unusual late-cycle dovish pivot this year to extend an already-long economic expansion,” the strategist at the BlackRock Investment Institute wrote in their weekly commentary released Monday. But the firm and others note that major central banks are sending signals that they are hesitant of easing monetary policy further. “The decade-long era of large-scale monetary stimulus is coming to an end,” Mansoor Mohi-uddin, a senior macro strategist at NatWest Markets, wrote in a research note Monday. “Central bankers increasingly want fiscal policy to share the burden with monetary policy to support growth and inflation.”UN-PRECIOUS GEMSGold, up more than 17% so far in 2019, is enjoying its best year since 2010. This surge can largely be attributed to the big drop in interest rates and rising demand for so-called haven assets amid a slowing global economy. The same can’t be said of diamonds. True, precious gems aren’t exactly a tradeable asset like gold, and they are used mostly for retail transactions, but it’s still concerning that the market for diamonds appears to only be getting worse. De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years. The world’s biggest diamond producer lowered prices by about 5% at its November sale, according to Bloomberg News’s Thomas Biesheuvel. Part of the problem in the diamond industry is that prices have stagnated as other luxury offerings, like shoes, handbags and resort vacations, crowd the field. It’s also harder for diamond-trading companies to find financing because banks are abandoning the sector after being hit by frauds and bad loans. The average price for a top-25 quality, 1 carat diamond with a clarity between internally flawless with no inclusions – or marks on the surface – to very slight inclusions has fallen 4.5% in 2019, putting the market on track for its seventh decline in the last eight years, based on the Rapaport Diamond Trade Index.REACH FOR YIELD ILLUSTRATEDFrontier markets are those that aren’t even developed enough to be considered an emerging market. These are places such as Mozambique, Pakistan and Jamaica. In other words, they’re not suitable for widows and orphans. And yet, these markets have been able to raise $3.2 trillion in the global debt market, according to a report issued Monday by the Institute of International Finance in Washington. The group said that more than two-thirds of the frontier economies it covers have total debt exceeding 100% of their gross domestic product, with borrowings at a record 115% of GDP overall. Although $3.2 trillion may sound like a lot – and it is - it’s actually a very small part of the total debt market, which exceeds $243 trillion. Nevertheless, the number is still pretty remarkable, underscoring just how much demand there has been for any type of debt offering premium yields in a world where some $14 trillion of bonds yield less than zero. And while frontier debt may not be considered systemic risk that could be a threat to the global financial markets, it still bears watching how easily these borrowers will able to refinance the $216 billion of debt coming due through the end of 2021.TEA LEAVESMarkets will get a very important update on the wealth of the consumer on Tuesday when the Institute for Supply Management releases its monthly services index for October. Unlike its manufacturing gauge, this measure from the ISM hasn’t slipped below 50, which signals contraction, but it has been trending lower. At 52.6, the reading for September was the lowest since 2016, and down from the cycle high of 60.8 in September 2018. The median estimate of economists surveyed by Bloomberg is for an October reading of 53.6, which should alleviate some concern about a slowing economy. Still, Bloomberg Economics notes that a slower pace of consumer spending growth at the end of the third quarter should weigh on the service sector, as well as a manufacturing-sector recession and “broader uncertainty that tends to delay less urgent purchasing and hiring decisions.”DON’T MISS Millennials Should Accept Their Housing Fate: A. Gary Shilling Alarms Blare on Triple-B Bonds But No One Cares: Brian Chappatta The Fed and Markets Enter Into an Uneasy Peace: John Authers The Fed Helped Trump Win the 2016 Election: Ramesh Ponnuru Bitcoin's Enemies Are Planning Their Revenge: Lionel LaurentTo contact the author of this story: Robert Burgess at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Empire Company Limited (TSX:EMP.A) and these two other stocks are great options for dividend investors in need of some recurring cash flow for their portfolios.
Keep a close eye on two of the Big Six banks of the country, Toronto-Dominion Bank and Bank of Nova Scotia, as the looming clouds of recession come closer.