🎁 Maple Market Challenge 10: Should you buy TD Bank or RBC Bank stock today?
Hi, mooers!
Welcome back toMaple Market Challenge!
Like always, let's reveal the answer tolast week's quiz:What event on September 19 could drive Faraday Future's growth?The answer isChina-U.S. Automotive Bridge Strategy.
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Now, brace yourselves for today's quiz!
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%.
102362254
:
TD’s 5% yield seems attractive, but RBC’s long-term performance is hard to ignore, especially since I’m more focused on growth and stability over time. It ultimately depends on one’s investment strategy. Personally, I prioritize long-term capital appreciation over immediate income, so I’d likely choose RBC.
72530362
:
I will add more RBC before TD, I’m focused on capital appreciation. I already own both and holding . I think TD might have more regulatory consequences
Living Stone
:
I already have TD shares so I would probably go for RBC (RY). The cost ($160) is a bit intimidating for me compared to my usual under $100 buys but I might work up the confidence to dip my pinky in.
102362254 : TD’s 5% yield seems attractive, but RBC’s long-term performance is hard to ignore, especially since I’m more focused on growth and stability over time. It ultimately depends on one’s investment strategy. Personally, I prioritize long-term capital appreciation over immediate income, so I’d likely choose RBC.
Laoshandaoshi : Best of the best
74216187 : RBC but with a stop loss at 10% below current price in case the trend reverses.
Andrew0904 : Since the beginning of the year, it has already risen 20%. The question is the answer!
72530362 : I will add more RBC before TD, I’m focused on capital appreciation. I already own both and holding . I think TD might have more regulatory consequences
poem_view : The housing price will be a big concern for Canadian banks.
74583243 : RBC
72880438 : I have no market smarts to share
Living Stone : I already have TD shares so I would probably go for RBC (RY). The cost ($160) is a bit intimidating for me compared to my usual under $100 buys but I might work up the confidence to dip my pinky in.
74797087 : TD
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