HolleyIG

TD: Long term potential

Long
NYSE:TD   Toronto Dominion Bank (The)
FA: Operational cash flow has remained steady. Financing operations were high in 2020 at 224B. They dropped of significantly in 2021 -45B but are now growing back each quarter to 22B. Its still a long way off 2020 but potential financing growth is there as economies come back from the pandemic.

The balance sheet is looking healthy. Profit margins are increasing +29.7% whilst debt to assets is relatively stable ( although very high)

They have beaten all earning estimates in 2021.

TA:
1D Chart has been suffering lately but is now finding support at the 100 day EMA. Monthly is holding at the golden ratio 0.618 fib level.

Good long term hold here after its current retracement.


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