Why I'm in No Hurry to Buy Bank of America Stock
My preference is to buy well-run companies when they are offering historically high dividend yields. It's inherently a value approach that takes advantage of Mr. Market's frequent emotional whims.
Right now, Bank of America (NYSE: BAC) is on my radar screen after the bank failures in early 2023. While I see the opportunity the mini-banking crisis earlier this year created, I'm happy to stick with my investment in Toronto-Dominion Bank (NYSE: TD).
Whenever I see a company that I believe is well run but has a historically high yield, the first question I ask is, "Why?" Sometimes a stock is cheap for a reason because there are major problems that won't be easily solved, and the stock is best avoided.
Source Fool.com
Toronto-Dominion Bank Stock
€53.58
-0.340%
Currently there is a rather positive sentiment for Toronto-Dominion Bank with 3 Buy predictions and 1 Sell predictions.
With a target price of 86 € there is a hugely positive potential of 60.51% for Toronto-Dominion Bank compared to the current price of 53.58 €.
