Thursday , January 28 2021

Which stock should be purchased: Toronto-Dominion Bank (TSX: TD) (USA) or Bank of Nova Scotia (TSX: BNS) (USA)?



The Motley Fool Canada »Bank stocks» What stock should be purchased: Toronto-Dominion Bank (TSX: TD) or Bank of Nova Scotia (TSX: BNS)?

The macroeconomic environment of Canadian financial finances did not look good the year before, when we expected the growth of interest rates, bank stocks are still common funds for investor portfolios.

Due to its dividends, basic capital is stable and resistant.

I mean, banks have had profitable growth for many years, and shareholders have been confident about the repayment of money and profits over them.

Even though the best times are likely to lag behind, it is still critical for shareholders to be reliable dividends that give shareholders an attractive price for shareholders today and in the future.

Check out two Canadian bank stocks, with their own investment merits of both, to find out more about current purchases.

Toronto-Dominion Bank (TSX: TD) (NYSE: TD)

In the last 10 years, TD Bank has increased its dividend by a compound annual growth rate of 9.4% (CAGR), the highest of its peers, with a dividend of 2.96 euros today, with a dividend yield of 3.95%.

45% of revenue comes from Canadian operations, the rest comes from the US.

Despite the slowdown in Canada, TD Bank is in a good state of repair.

Probably one of the best locations, due to the volume of deposits and the presence of the bank.

Commercially under trading a few years ago, the sale of TD banking prices has not diminished enough to slow down the growth of the Canadian business and reduce interest rates that will see lower or lower rates in advance.

Bank of Nova Scotia (TSX: BNS) (NYSE: BNS)

In the last 10 years, the Scottish Bank has increased its dividend by 6% of the CAGR with a dividend for today's 3.6% to achieve a 4.8% performance.

As a diversified bank, Bank of Nova Scotia expects the largest management of wealth management and strong international presence, with higher growth rates.

While the presence of banks in the emerging markets may be affected by some investors, I believe that the same quality is a good step forward.

As we have seen, the Canadian market may slow down, so that banks with higher exposure to non-Canadian markets suffer higher rates of growth.

Currently trading less than $ 72.48, or 11% less than a year ago, may be a good moment to receive some shares of this Canadian diversified bank.

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The relative assistant Karen Thomas was not mentioned in one of the stocks. Bank of Nova Scotia is the recommendation Stock Advisor Canada.


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