Bank of Nova Scotia (NYSE: BNS) and Toronto-Dominion Bank (NYSE: TD) are both down around 10% or so in 2022. There are reasons for their declines, but for long-term investors, the price drops here could present a solid opportunity to buy these Canadian financial giants. Here's a quick look at each.

Toronto-Dominion, or TD Bank as it's more commonly known, is offering a 4% dividend yield today. That's toward the high side of the bank's historical yield range, hinting that it is trading hands at a reasonable, if not an attractive, level. One key reason for this is the fear of a recession, which is not at all unreasonable.

Image source: Getty Images.

Continue reading

Source Fool.com