Description: Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said he’s still interested in a major acquisition to add to the firm’s U.S. retail operations, and that he’s unfazed by the recent valuation surge for the regional lenders that would be his most likely targets.

​Source: BNNBloomberg.ca – video report

Date: Apr 01, 2021

Link: https://www.bnnbloomberg.ca/td-very-open-to-major-bank-deal-in-the-u-s-1.1585366

Questions for discussion:

• Why does TD have more cash than would normally be expected?
• Do you think the company will make a major acquisition or several smaller ones?
• What are the pros and cons for these decisions?
• Would you be a buyer of TD today?

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