TD And Royal Bank: Buy The Mortgage Renewal Panic

The house is like a bait inside a trap ADragan/iStock via Getty Images The Toronto-Dominion Bank (NYSE:TD)(TSX:TD:CA) and Royal Bank of Canada (RY)(RY:CA) are Canada’s biggest banks. Royal Bank is the biggest by market cap and total assets, while TD has the largest U.S. banking segment. Despite looking similar on the surface, there are important differences between TD and RY. For one thing, 40% of TD’s earnings come from U.S. retail banking, while Royal Bank earns a higher percentage of profit in Canada. ...