Latest news with #TD
Yahoo
39 minutes ago
- Business
- Yahoo
TD vs. IBN: Which Stock Should Value Investors Buy Now?
Investors interested in Banks - Foreign stocks are likely familiar with Toronto-Dominion Bank (TD) and ICICI Bank Limited (IBN). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Right now, Toronto-Dominion Bank is sporting a Zacks Rank of #2 (Buy), while ICICI Bank Limited has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that TD is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. TD currently has a forward P/E ratio of 13.03, while IBN has a forward P/E of 20.80. We also note that TD has a PEG ratio of 1.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. IBN currently has a PEG ratio of 2.23. Another notable valuation metric for TD is its P/B ratio of 1.58. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, IBN has a P/B of 3.14. Based on these metrics and many more, TD holds a Value grade of B, while IBN has a Value grade of C. TD stands above IBN thanks to its solid earnings outlook, and based on these valuation figures, we also feel that TD is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
OCC bans former Webster general counsel, ex-TD, JPMorgan bankers
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The Office of the Comptroller of the Currency has banned four former bankers from future work in the industry, the agency disclosed Thursday. James Blose, once general counsel at Stamford, Connecticut-based Webster Bank, was barred from the industry after pleading guilty to bank fraud and engaging in illegal monetary transactions and being sentenced in April to four years in prison. Blose was involved in a decade-long embezzlement scheme that used his attorney trust accounts to cover personal expenses and transfer funds to accounts in the names of businesses he had created and controlled. Through this scheme, Blose was found to have stole roughly $7.4 million from his employers and used the money for his personal benefit, including buying a vacation property, luxury vehicles, and private jet charters. If the prohibition order is violated, Blose could face fines of up to $1 million or imprisonment for up to five years, or both. It could also lead to additional civil money penalties, the OCC noted. However, Blose has the right to request an informal hearing, which must be submitted in writing and received within 30 days of order service, according to the OCC. Lacey Ann Henry, a former teller manager at the Trooper, Pennsylvania, branch of TD from June 2020 to February 2022, accessed confidential customer information and withdrew at least $41,500 from customer checking accounts in November and December 2021, for her personal benefit, the OCC found. Henry 'engaged in violations of law and unsafe and unsound practices, which resulted in financial loss to the Bank and financial gain to Respondent, and demonstrated personal dishonesty,' the agency said in the prohibition order. Alonso Missael Gonzalez Ibarra, a former teller and associate operations lead at a Portland, Oregon, branch of JPMorgan Chase, stole $36,768 between June and October 2022 from two ATMs. In an attempt to cover up his theft, Ibarra, who worked at JPMorgan for roughly seven years, altered the totals in the ATM records to make the ATMs appear to be in balance, the OCC found. Cricel Santamaria, a former client service representative at a Stamford location of Webster Bank, obtained 62 images of checks from the lender's internal systems and sold them online between October 2021 and April 2022, the OCC found. The total reported check sale fraud was $237,374, while the bank lost about $108,000, the agency said.
Irish Times
3 days ago
- Politics
- Irish Times
It will be an ‘insult' if Fianna Fáil don't enter presidential race, says Mary Hanafin
Fianna Fáil should run a candidate in the presidential election , and it will be 'an insult' to the office if the party does not enter the race, former Fianna Fáil minister for education Mary Hanafin has declared. 'I firmly believe that the largest party of the country, which is the largest at local level, largest at national level, should be running,' said Hanafin, who has made clear her desire to be the party's candidate. Speaking at the Patrick MacGill Summer School in Glenties, Co Donegal, Ms Hanafin said: 'First of all, I think it's an insult to the office of president if you're willing to run for everything but you won't run for the office of president. 'Secondly, I think you have an obligation to give the people of Ireland a choice. Because it is the politicians who give you that choice,' said Hanafin, who has yet to receive public support from senior Fianna Fáil figures. READ MORE Saying that the theme of her campaign, if nominated, will be resilience, she said: 'I think my life experience is such that a word that actually has come up an awful lot here tonight is something that I would bring as my platform, which is resilience. 'I think I have been lucky enough, despite all of the knocks that we all experience, to bounce back each time,' said Ms Hanafin, who emphasised the 30 years of experience she has had as TD, minister, councillor. People in Northern Ireland should not be allowed to vote in presidential elections, she said: 'Not yet, and not in isolation. I think there's not enough understanding between communities within Northern Ireland and North-South.' Pointing to controversies during last week's Orange Order bonfires, including the burning of effigies , she said: 'There's still a journey to go before we get any kind of real understanding and real political understanding.' The Government's Shared Island programme, which bids to improve North-South co-operation, should be progressed 'to break down the boundaries', she told the Patrick MacGill Summer School. Saying that President Michael D Higgins is 'loved' by the public, Ms Hanafin said: 'The Irish people of all ages love their president, love their president, and that starts because they voted for their president. 'There is that sense of ownership. Even younger people under the age of 35 who could never get to be president until they're 35, just look at the way they love Michael D, particularly, and they respond to him,' she said. Continuing, she said: 'He pushed the boundaries in talking about world problems, but he didn't go beyond it. He didn't go beyond his constitutional role, and I think that the next president, or any president, should not start where he has finished. 'You bring it back to the start again and push your own boundaries. Because times change, issues change, problems change. The debate that you want to generate, the campaign that you're quietly launching can be done within that Constitution.' However, the next occupant of the Áras should not conflict with the Taoiseach and the Government: 'I think there is a wisdom in not overstepping the independence because you do not want to have a Taoiseach and a president in conflict about where a country stands.' Meanwhile, Seán Gallagher, who twice ran for the presidency, said his legacy will be that no other presidential candidate will be treated by RTÉ in the way that he was treated in 2011, when his campaign was derailed in the final stages by a false tweet. Ruling himself out of the race , he said his life had moved on, but he expressed concern at the reluctance of so many to come forward because they feared they would be 'annihilated' in a campaign that has become bruising in recent years. Mr Gallagher declared, to applause, that: 'The thing that frustrates me is negativity. I hate negativity because I want to say to people, 'Stop running down our country. Let's talk about the good things.' 'Let's stop being victims in our own lives. What can we do with our own careers, our own families, our own communities, our own country? Why are we afraid? Because we're inhibited by this Irish psyche that says, 'Don't get notions. Don't get above your station.' 'I say to hell with that. Get above your station. Be the best that you can be,' he said, 'there is a mentality in Ireland, and it is to take us down, to take each other down rather than build each other up.' The next president should take the lead in selling Ireland abroad, said Mr Gallagher: 'We could have a president on the stage attracting foreign direct investment into Ireland.' Equally, the winner of the election later this year could lead Ireland's effort to attract tourists and students to come to Ireland, 'or tapping into the 40 million Americans and the global diaspora'. Pointing to his experience of watching Mary McAleese in Shanghai, he said: 'The power when the president walks into a room of business leaders in China is beyond anything that you would experience here because we are so close to the president.' Referring to his first run in 2011, Mr Gallagher said: 'It's not lost on me that ... 14 years later one of the greatest challenges the country has is from a president who is an entrepreneur, a TV personality and in real estate.'
Yahoo
5 days ago
- Business
- Yahoo
Toronto-Dominion Bank: A Top Dividend Play in the Financial Sector
The Toronto-Dominion Bank (NYSE:TD) is included among the . A local business owner signing a loan agreement with a banker. Throughout the Great Recession, while many major US banks were compelled to reduce their dividends, TD Bank managed to keep its payout unchanged. Even when its US division faced a money laundering scandal that led to a hefty regulatory fine and an asset cap, the bank still went ahead with a dividend increase despite the challenges. Remarkably, the bank has consistently paid dividends since 1857. The Toronto-Dominion Bank (NYSE:TD) reported solid quarterly performance, driven by strong trading and fee income in its markets-focused businesses, along with growth in deposits and loans within its Canadian Personal and Commercial Banking segment. The bank also indicated that its US balance sheet restructuring is progressing as planned, while steady progress is being made on anti-money laundering remediation efforts. The Toronto-Dominion Bank (NYSE:TD) currently offers a quarterly dividend of C$1.05 per share. The company has been growing its dividends for 10 consecutive years, making it a reliable option for income investors. The stock has a dividend yield of 4.17%, as of July 15. While we acknowledge the potential of TD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
5 days ago
- Entertainment
- Winnipeg Free Press
Subversive curation
'Spill the tea' and 'time is a flat circle' might seem like modern neologisms, but they have deep, long cultural roots as evidenced in a pair of new exhibitions opening today at the Winnipeg Art Gallery-Qaumajuq. Crying Over Spilt Tea, curated by Grace Braniff, assistant curator of art at WAG-Qaumajuq, was inspired by two idioms: 'spill the tea,' a phrase from Black drag culture that refers to the subversive sharing of gossip or the revealing of secrets — a.k.a. piping-hot tea, or 'T,' as in truth — and 'no use crying over spilled milk' which refers to the futility of getting upset over something that can't be changed or undone. A Matter of Time, curated by Nawang Tsomo Kinkar, TD curatorial fellow, explores the concept of spiral time, the idea that time, despite having the tidy grid of the modern calendar imposed on it, is non-linear and cyclical. MIKAELA MACKENZIE / FREE PRESS Curators Nawang Tsomo Kinkar (left) and Grace Braniff at a preview of the two new shows Crying Over Spilt Tea and a matter of time, both of which display works from Winnipeg Art Gallery's vast collection. Both exhibitions draw from the gallery's nearly 30,000-piece permanent collection. 'It is a lot to choose from,' Braniff acknowledges. 'My strategy is to try to narrow in on a very specific idea, and then do a survey of our collection and see what artworks fit in with that idea. And I think tea and gossip, they are very specific, but they're also universal experiences that everyone has a connection to.' When you walk into Crying Over Spilt Tea, you are immediately greeted by a massive wall of bone-china teaware, most of it from the United Kingdom. On the opposite wall is Afternoon Tea (The Gossips), a work by British painter Sir John Everett Millais. The painting shows three cherub-faced little girls (and a pet pug), leaning in close at a tea party, play-acting as grown-up women. But it also functions as a comment on how silly and non-essential gossip was (and is) treated by society — as in, a thing for little girls in bows — because God forbid women share their oral histories. 'Often feminized and racialized people have used gossip as a means to kind of confront authority or to share their own narratives and information outside of what the main conversation is all about,' Braniff says. 'This teaware, the pug — both imported into the United Kingdom from China — I don't think it's a coincidence that they're framed with these girls who are doing this 'frivolous' thing, like gossiping.' MIKAELA MACKENZIE / FREE PRESS Curator Grace Braniff 's new exhibition, Crying Over Spilt Tea, at WAG-Qaumajuq draws from the gallery's huge permanent collection. In addition to the main themes of tea (and its cultural and colonial symbolism), gossip and truths, Braniff also wanted to explore the idea of virality. 'Because when we're talking about idioms, they take on this viral trajectory and through that virality, there's this disconnection, I feel, from their origins. And there, in its representations, we don't see that gesture to its places of origin or the places it was grown in,' Braniff says. She is referring to the now-viral phrase from Black drag culture that gives the exhibition its name and has been heavily co-opted online, but one could make the same argument about tea itself. Like the whisper networks of women before her using gossip to subvert the narrative, Braniff also uses subversion in her curation. On the flip side of the bone-china teaware display is Buffalo Bone China, a 1997 video/found-object installation by Hunkpapa Lakota filmmaker, photographer and performance artist Dana Claxton, whose centrepiece is a heap of smashed bone-china teaware on the floor. 'So, the things we see on the front wall we see back here, broken and crushed up. Dana Claxton was making a commentary on state-sanctioned extermination or eradication of buffalo as a means of control and oppression of Plains Indigenous Peoples,' Braniff says. MIKAELA MACKENZIE / FREE PRESS Curator Grace Braniff gives a tour of a vault at the Winnipeg Art Gallery. During that period in the 19th century, buffalo bones were shipped across the Atlantic to England, where they were made into bone china. Braniff says Claxton is teasing out the complicated history of that material, while also taking apart an item we might see as a simple teacup and exploring its full narrative. Crying Over Spilt Tea also includes numerous pieces of contemporary Inuit art, including Tarralik Duffy's 2023 work Red Rose, a repeating pop-art motif of Red Rose tea boxes, and Annie Pootoogook's circa 2001-02 coloured-pencil drawing The Tea Drinkers, which is also featured outside the gallery on a billboard at the corner of Sherbrook Street and Portage Avenue. For A Matter of Time, Kinkar leaned into the creative challenge of building a show out of a massive permanent collection. 'I think my approach has been a little bit more playful and about experimentation and creativity and seeing what is in the collection that hasn't been shown in a long time,' she says Circles and spirals figure prominently in the works on view, but not necessarily in the ways that are obvious; the room also makes use of curved inset walls, so the gallery space doesn't feel as angular. MIKAELA MACKENZIE / FREE PRESS Curatorial fellow Nawang Tsomo Kinkar says circles and spirals have surfaced across different time periods and cultures. The symbol of the spiral has surfaced across different time periods and cultures, Kinkar says. 'We can trace it back to the Neolithic era. It's also been found in rock carvings and Indigenous sites across the Americas. It's been utilized by artists in the later half of the 20th century, specifically in the United States who were involved in movements of abstract art and social art but they're also rooted in other global traditions of mark making,' she says. 'But one thing that I think remains constant, and one thing that the exhibition is trying to build upon, is that the spiral is steeped in deep symbolism.' There are a few entry points onto a matter of time — which is also by design — but if you come into the exhibition from Crying Over Spilt Tea, you'll be met by two juxtaposed works. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. Look up and suspended from the ceiling is Waiting for the Shaman, a 2017 work by Inuvialuk artist Maureen Gruben constructed from polar bear paw bones she has found over the years on beaches. The bones are arranged in concentric circles and encased in clear resin, giving it the appearance that they are encased in sea ice. A space has been left open in the circle for the shaman. MIKAELA MACKENZIE / FREE PRESS Curator Grace Braniff speaks about the new exhibit, Crying Over Spilt Tea, at the Winnipeg Art Gallery. 'She's really drawing here from aspects of traditional gatherings in Inuit communities that revolve around teaching and drumming circles, this aspect of being connected to community and being connected to Inuit ways of being, specifically ancestral time,' Kinkar says. Across from Gruben's work is an 18th-century fresco by Johann Januarius Zick, depicting angels in a spiraling swirl of clouds, a space left open in the centre for the Holy Trinity. It's meant for a church ceiling, but Kinkar has it displayed on a podium as if on an easel. 'I really wanted to have that effect when you come into the space through that entrance, looking up at Maureen Gruben and then being drawn to this circular wall with the gold, and then looking down here and being pulled and drawn to this imagery.' MIKAELA MACKENZIE / FREE PRESS A vault housing some of the Winnipeg Art Gallery's collection Jen ZorattiColumnist Jen Zoratti is a columnist and feature writer working in the Arts & Life department, as well as the author of the weekly newsletter NEXT. A National Newspaper Award finalist for arts and entertainment writing, Jen is a graduate of the Creative Communications program at RRC Polytech and was a music writer before joining the Free Press in 2013. Read more about Jen. Every piece of reporting Jen produces is reviewed by an editing team before it is posted online or published in print – part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
