What’s Next for Toronto-Dominion Bank After Today’s Huge Decline?

 What's Next for Toronto Dominion Bank After Today's Huge Decline?

The stock of Toronto-Dominion Bank (TSE:TD) is a huge mover today! About 749,737 shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 8.21% since April 5, 2016 and is uptrending. It has outperformed by 3.42% the S&P500.
The move comes after 9 months negative chart setup for the $112.13B company. It was reported on Nov, 9 by Barchart.com. We have $56.03 PT which if reached, will make TSE:TD worth $7.85 billion less.

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 2.21% above today’s ($60.25) stock price. Toronto-Dominion Bank has been the topic of 26 analyst reports since August 29, 2015 according to StockzIntelligence Inc. As per Wednesday, September 21, the company rating was maintained by Dundee Securities. The firm earned “Outperform” rating on Wednesday, November 2 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, December 9 by Canaccord Genuity. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 25. The stock has “Outperform” rating given by RBC Capital Markets on Friday, May 27. As per Tuesday, October 25, the company rating was maintained by Scotia Capital.

More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: Prnewswire.com which released: “How These Banking Stocks are Faring? — Toronto-Dominion Bank, TCF Financial …” on November 09, 2016, also Business.Financialpost.com with their article: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” published on November 01, 2016, Bloomberg.com published: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” on October 23, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: Stltoday.com and their article: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” published on October 20, 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 $112.13 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.59 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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