{"id":259952,"date":"2010-02-01T11:49:00","date_gmt":"2010-02-01T16:49:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:389649"},"modified":"2010-02-01T11:49:00","modified_gmt":"2010-02-01T16:49:00","slug":"td-getting-ready-for-an-acquisition","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/259952","title":{"rendered":"TD getting ready for an acquisition?"},"content":{"rendered":"<p>An increase in <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=TD&amp;id=99306\" >Toronto Dominion Bank&#39;s<\/a> capital base in the fourth quarter of 2009 strongly indicates that Canada&#39;s second largest bank by market capitalization is planning an acquisition or more, says Brad Smith, CI Capital Markets analyst. <\/p>\n<p>TD&#39;s equity capital account grew by US$1.7-billion during the past quarter, according to the latest call report data from the Federal Deposit Insurance Corporation. The bank&#39;s full year surplus is now just over US$3-billion. <\/p>\n<p>&quot;Why TD management saw fit to bolster the subsidiary&#39;s capital base so aggressively when the return on invested capital remains well below management&#39;s own assessment of its cost remains an open question,&quot; said Mr. Smith in a note to clients. <\/p>\n<p>&quot;The likelihood of repatriating the capital anytime soon is in our view low leaving us to conclude that further acquisitions may be on the horizon sooner rather than later.&quot;<\/p>\n<p><a href=\"mailto:dpett@nationalpost.com%20\">David Pett<br \/><\/a><\/p>\n<p> &nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=389649\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An increase in Toronto Dominion Bank&#39;s capital base in the fourth quarter of 2009 strongly indicates that Canada&#39;s second largest bank by market capitalization is planning an acquisition or more, says Brad Smith, CI Capital Markets analyst. TD&#39;s equity capital account grew by US$1.7-billion during the past quarter, according to the latest call report data [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-259952","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=259952"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/259952\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=259952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=259952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=259952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}