Here are the Elements that Build The Toronto-Dominion Bank’s (TD) Enduring Moat

Core Insights - LRT Capital Management's "LRT Global Opportunities Strategy" reported a net return of -8.00% for September 2025, with a year-to-date return of -0.17%, indicating a challenging month due to market dynamics [1] - The strategy employs a systematic long/short approach to generate positive returns while managing downside risks and maintaining low net exposure to equity markets [1] Company Overview: The Toronto-Dominion Bank (TD) - The Toronto-Dominion Bank (NYSE:TD) is recognized as one of North America's leading financial institutions, benefiting from a stable Canadian banking oligopoly that offers significant competitive advantages [3] - The bank's stock experienced a one-month return of 7.82% and a 52-week gain of 28.10%, closing at $81.23 per share on October 6, 2025, with a market capitalization of $138.676 billion [2] - TD has successfully implemented a long-term growth strategy to expand its presence in the U.S. retail banking market while maintaining a conservative risk culture focused on traditional retail and commercial banking [3]