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
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?