Part 7/9:
Franco presents TD Bank as an exemplary case of an international bank investment. It stands out not merely because of its foundational stability but also its strategic expansion into the U.S. market, particularly on the East Coast where it has established a robust presence in major cities. TD thrives on a customer-centric approach, extending hours and ensuring accessibility, unlike many U.S. banks that are gradually closing branches and shifting towards digital services.
TD Bank's impressive asset quality, sound management practices, and rich history of dividend payments since 1858 distinguish it further. With an average dividend increase of 10% annually over recent decades, it presents a solid value proposition for income-focused investors looking for stability.