Toronto-Dominion Bank (TD): This Is The Bank That U.S. Banks Should Try To Be Like

As a result of its convenient nature and responsible practices, TD Bank has thrived.  As shown in the chart below, the amount of TD’s total assets has quadrupled in the last decade alone.

Shareholders have been handsomely rewarded as well.  Since 2003, shares have risen from $20.50 to the current share price of around $82.  The company also pays an excellent dividend of over 3.7%, one of the best among large banks, and has a nice history of raising it.

I wholeheartedly believe the trend above will continue, which makes the stock seem extremely cheap at the moment.  TD Bank trades for just 12.2 times earnings, with an 11% projected forward growth rate.  These numbers sound good enough, but looking at the history of TD’s performance and the chart above, these estimates sound pretty conservative indeed.

The article This Is The Bank That U.S. Banks Should Try To Be Like originally appeared on Fool.com and is written by Matthew Frankel.

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