My Top Bank Stock to Buy and Hold Forever
The finance sector can be simple or it can be complicated. I prefer simple, which is why Toronto-Dominion Bank (NYSE: TD) has been in my portfolio for a long time. And today, with the stock selling off in the face of recession fears, the price is starting to look attractive again. Here's why this is a bank stock I would consider buying (if I didn't already own it) and holding forever (which is how long I plan to own it).
Toronto-Dominion Bank, or TD Bank as most people call it, is one of the largest banks in Canada. To put some numbers on that, it is the second-largest by net assets, market capitalization, and net income. That said, it has more deposits than any of its Canadian peers. Without question, it is a giant in its home market.
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Source Fool.com
