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๐ŸŽ Maple Market Challenge 10: Should you buy TD Bank or RBC Bank stock today?

Hi, mooers!
Welcome back to Maple Market Challenge! ย 
Like always, let's reveal the answer to last week's quiz: What event on September 19 could drive Faraday Future's growth? The answer is China-U.S. Automotive Bridge Strategy.

A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comment. Well done, everyone! A private message with more details will be sent to you shortly.
ย Now, brace yourselves for today's quiz!
ย On August 22, $The Toronto-Dominion Bank (TD.CA)$ reported its first quarterly loss in more than 20 years. The surprising fiscal Q3 2024 numbers are due to a US$2.6 billion provision for fines connected to ongoing regulatory investigations into American business.
On August 28, $Royal Bank of Canada (RY.CA)$ exceeded analysts' predictions for quarterly earnings by allocating a smaller-than-anticipated amount for bad loan protection, with a 17% increase in earnings reaching C$2.49 billion ($1.85 billion) in its personal and commercial banking division, attributed to the acquisition of HSBC's domestic operations and a growth in net interest income.

With a current market capitalization of approximately $218 billion, Royal Bank stands as not only the largest company in Canada by this measure but also among the largest banks in the world. Notably, RBC's stock has outperformed its peers among Canada's Big Five banks, surging 20% since the year's start and boasting a dividend yield of 3.5%.
Bonus question:

Share your market smarts in the comment area to earn 50 points!
1. Which stock will you buy today, TD for a 5% yield or RBC for its outperformed long-term chart?

2. What banking tips would you share with a friend who is new to Canada?

Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone!
๐ŸŽ Maple Market Challenge 10: Should you buy TD Bank or RBC Bank stock today?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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