5 Most Profitable Canadian Stocks

3. The Toronto-Dominion Bank (NYSE:TD)

Latest TTM Net Income: C$10.2 billion

The Toronto-Dominion Bank (NYSE:TD) is a diversified Canadian bank that provides standard banking, wealth management, insurance, and other products and services. December 2023 has been quite an eventful month for the firm as its head of personal banking surprisingly left for another firm. The departure was striking, as the executive, Michael Rhodes, was widely believed to be the next in line CEO.

During this year’s third quarter, 14 hedge funds out of the 910 tracked by Insider Monkey had bought and owned The Toronto-Dominion Bank (NYSE:TD)’s shares. Joseph Sirdevan’s Galibier Capital Management was the biggest investor courtesy of its $27.9 million investment.

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