Topic: Dividend Stocks

TORONTO-DOMINION BANK $50

TORONTO-DOMINION BANK $50 (www.td.com) owns 41.54% of TD Ameritrade Holding Corp. (Nasdaq symbol AMTD), one of the largest online brokerage firms in the U.S. TD expects Ameritrade will contribute $109 million (Canadian) to its earnings in its 2016 first quarter, which ended January 31, 2016, up 21.1% from $90 million a year earlier. To put these figures in perspective, TD earned $2.2 billion, or $1.14 a share, in its fiscal 2015 fourth quarter, which ended October 31, 2015. Ameritrade’s average daily trading volumes fell 4.2% in the fourth quarter of 2015. However, the recent increase in stock market volatility has pushed up its trading volumes in January 2016 by 30%. Moreover, its assets under management rose 3.4% in the latest quarter.

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