This is the second article in a series covering the big 5 Canadian banks, if you missed the first one on the Canadian Imperial Bank of Commerce (NYSE:CM), you can find it here.
Toronto-Dominion Bank (NYSE:TD) is the most American of the big 5 Canadian banks, and this diversification opens up a large number of growth avenues for the bank. Its recent sales scandal and the fears over the Canadian housing market may continue to weigh on shares. However, its strong results, massive cash generation, and fair valuation make this a good opportunity for long-term investors to initiate a position.
