Is it safe to invest in TD Bank? (2024)

Is it safe to invest in TD Bank?

No stock is without some risk, and that includes TD Bank stock. Fortunately, TD's growing exposure to the U.S. market, stable domestic arm, and juicy dividend make it a must-have for any well-diversified portfolio.

Is TD Bank good to invest with?

A safety-first bank pick

A historically high yield, strong Tier 1 ratio, and a blend of Canadian and U.S. exposure all add up to make TD Bank a solid first choice for investors new to the banking sector.

Is TD a good stock to buy now?

In the current month, TD has received 10 Buy Ratings, 10 Hold Ratings, and 0 Sell Ratings. TD average Analyst price target in the past 3 months is C$89.42.

Is TD Bank financially secure?

FDIC coverage for your TD Bank accounts

All deposits and deposit products are FDIC-insured, up to $250,000 per depositor, per ownership category.

What are the disadvantages of TD Bank?

Cons
  • APYs are generally below the national average. ...
  • To avoid monthly fees, customers need to meet minimum requirements for most checking and savings accounts.
  • There is a $3 fee for using a non-TD Bank ATM.
  • Overdraft fee is $35 per transaction and can be charged up to three times a day.

Is TD Bank too big to fail?

With roughly $1.26 trillion in assets, TD Bank would certainly be considered too big to fail, and many believe the large banks are set to benefit from this recent banking crisis because they're likely to be seen as a safe place to transfer funds into.

Why is TD stock falling?

TD share price

Bank stocks came under pressure over the past two years as investors worried that interest rate increases by the Bank of Canada and the U.S. Federal Reserve would drive the economy into a recession and cause a wave of loan defaults.

Is TD Bank safe 2023?

All deposits and deposit products are FDIC-insured, up to $250,000 per depositor, per ownership category. That includes checking accounts, savings accounts, money market deposit accounts, certificates of deposit (CDs).

Who owns the most shares of TD?

Largest shareholders include Royal Bank Of Canada, Bank Of Montreal /can/, Vanguard Group Inc, CIBC World Markets Inc., National Bank Of Canada /fi/, Td Asset Management Inc, FIL Ltd, Bank Of Nova Scotia, Mackenzie Financial Corp, and Bank Of America Corp /de/ .

Where will TD stock be in 5 years?

Toronto-Dominion Bank stock price stood at $59.08

According to the latest long-term forecast, Toronto-Dominion Bank price will hit $65 by the end of 2024 and then $70 by the middle of 2025. Toronto-Dominion Bank will rise to $75 within the year of 2026, $90 in 2027, $100 in 2028, $110 in 2029 and $125 in 2032.

Is TD a better bank than Chase?

Both banks offer relatively low interest rates, but TD offers the potential for higher rates on its savings and checking accounts than Chase does. TD Bank offers a rate that starts at 0.01% APY for it's signature savings and caps out at 4.00% based on how much you have in the account.

What is the safest bank to keep your money in?

Summary: Safest Banks In The U.S. Of February 2024
BankForbes Advisor RatingProducts
Chase Bank5.0Checking, Savings, CDs
Bank of America4.2Checking, Savings, CDs
Wells Fargo Bank4.0Savings, checking, money market accounts, CDs
Citi®4.0Checking, savings, CDs
1 more row
Jan 29, 2024

Is Bank of America or TD better?

The bottom line: TD Bank and Bank of America are two of the best national banks out there. TD Bank will likely stand out if you plan to open a checking account, or for a savings account if you're eligible for a cash bonus. Meanwhile, Bank of America has stronger CD options.

What is the TD Bank controversy?

TD Bank agrees to pay $1.2 billion settlement over alleged role in infamous $7.2 billion Texas Ponzi scheme. TD Bank denies any wrongdoing. The scheme involving disgraced Texas financier Allen Stanford collapsed in 2009 during a federal investigation.

Who owns TD Bank?

Is TD Bank safe and secure?

We have thorough, up-to-date security standards to protect our systems and your information against unauthorized access. Constant monitoring maintains the quality of our systems, proactively identifies unusual customer account activity and helps provide you with around-the-clock peace of mind.

Is TD Bank safe from collapsing?

Because the First Horizon deal collapsed, TD Bank has billions of dollars of surplus capital, making it “probably the safest bank right now” but also leaving it with no way to spend it, Aiken said.

What is the strongest bank in the United States?

Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.

Is TD a trusted bank?

TD Bank is a reputable bank that offers a variety of products and services to its customers. Perks and fees vary by account, so it's essential to evaluate each option to see what best suits your needs.

Is TD stock a good long term investment?

TD Bank holds a leading position in Canada's highly consolidated banking industry. This market power has produced above-average shareholder returns for decades. However, shares have lost 25% of their value over the last 24 months, creating an attractive entry point for long-term investors.

Why should I invest in TD stocks?

Stocks often take turns outperforming. Over the last 10 years, TD stock has outperformed the two ETFs, delivering total returns of 145% (or 9.4% per year) as shown in the graph below. So, TD stock's recent underperformance could be a good reason to buy for long-term solid returns potential.

Is TD a good stock to buy long term?

It is OK on the monthlies but financials haven't done too much and there are better places to be. You could own TD or Royal Bank for the long term but don't buy for a trade since it could head down.

What rating does TD Bank have?

The Toronto-Dominion Bank
Moody'sFitch
Deposits/ CounterpartyAa1AA
Legacy Senior Debt1Aa2AA
Senior Debt2A1AA-
Covered BondsAaaAAA
6 more rows

Who insures TD Bank?

TD Bank and its Canadian deposit-issuing subsidiaries are proud members of the Canada Deposit Insurance Corporation (CDIC). CDIC is a federal crown corporation – a part of the government of Canada – created by Parliament in 1967 to protect money on deposit in the event a member institution becomes insolvent.

How much debt does TD Bank stock have?

Compare TD With Other Stocks
Toronto Dominion Bank Debt/Equity Ratio Historical Data
DateLong Term DebtDebt to Equity Ratio
2022-01-31$1,323.85B16.44
2021-10-31$1,295.43B16.32
2021-07-31$1,304.99B16.05
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