A Reversal for Toronto-Dominion Bank Is Not Near. The Stock Rises Again

 A Reversal for Toronto Dominion Bank Is Not Near. The Stock Rises Again

The stock of Toronto-Dominion Bank (TSE:TD) is a huge mover today! About 357,360 shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 6.43% since April 1, 2016 and is uptrending. It has outperformed by 4.48% the S&P500.
The move comes after 5 months positive chart setup for the $111.02B company. It was reported on Nov, 8 by Barchart.com. We have $99.50 PT which if reached, will make TSE:TD worth $72.16 billion more.

Toronto-Dominion Bank (TSE:TD) Ratings Coverage

Out of 6 analysts covering Toronto-Dominion Bank (TSE:TD), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $69 is the highest target while $44 is the lowest. The $61.58 average target is 2.12% above today’s ($60.3) stock price. Toronto-Dominion Bank has been the topic of 26 analyst reports since August 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $61;51 target price in Friday, May 27 report. Canaccord Genuity upgraded the stock to “Buy” rating in Wednesday, December 9 report. The firm has “Buy” rating given on Wednesday, September 21 by Dundee Securities. The rating was maintained by Scotia Capital with “Sector Perform” on Tuesday, October 25. The company was maintained on Tuesday, October 25 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $65 target price in Wednesday, November 2 report.

More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: Business.Financialpost.com which released: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” on November 01, 2016, also Bloomberg.com with their article: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” published on October 23, 2016, Stltoday.com published: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” on October 20, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: Fool.ca and their article: “Why Toronto-Dominion Bank Is the Best of the Big 5” published on October 28, 2016 as well as Fool.ca‘s news article titled: “Toronto-Dominion Bank: The Right Time to Buy?” with publication date: October 31, 2016.

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $111.02 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.6 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

TD.TO Company Profile

The Toronto-Dominion Bank (the Bank), incorporated on June 22, 1998, operates as a bank in North America. The Bank is an online financial services firm, with approximately 10.2 million online and mobile customers. The Bank conducts its business through the divisions, which include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial services and products to clients in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of the Bank’s retail and commercial banking activities operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking services and products, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Corporate segment includes the impact of treasury and balance sheet management activities.

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