Q: Comments on keeping existing holdings in Td versus other banks? Would you rate as a buy, hold or sell?
5i Research Answer:
Largely, we continue to like TD as its valuation and sentiment are both so low and it does have recovery potential over the next couple of years. On a more intermediate timeframe, we have published research in the past that suggests the worst-performing Canadian bank stocks in any given year are likely to be some of the best-performing bank stocks in the following year, and vice versa. BNS, BMO, and TD have been the three worst-performing bank stocks year-to-date.