What’s in Toronto-Dominion Bank After Today’s Bullish Options Activity?

 What's in Toronto Dominion Bank After Today's Bullish Options Activity?

In today’s session Toronto-Dominion Bank (TD) registered an unusually high (201) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TD increase. With 201 contracts traded and 1324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TD161216C00047500 closed last at: $0.4 or 100% up. About 663,630 shares traded hands. Toronto-Dominion Bank (NYSE:TD) has risen 5.66% since April 12, 2016 and is uptrending. It has outperformed by 0.68% the S&P500.

Toronto-Dominion Bank (NYSE:TD) Ratings Coverage

Out of 10 analysts covering TD Bank (NYSE:TD), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. $67 is the highest target while $51 is the lowest. The $57.44 average target is 24.46% above today’s ($46.15) stock price. TD Bank has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained it with “Outperform” rating and $57 target price in Monday, August 31 report. Credit Suisse downgraded the stock to “Neutral” rating in Monday, September 21 report. On Friday, August 28 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Toronto-Dominion Bank (NYSE:TD) earned “Outperform” rating by Credit Suisse on Tuesday, May 3. On Wednesday, September 14 the stock rating was maintained by Citigroup with “Buy”. IBC downgraded the stock to “Sector Performer” rating in Friday, August 26 report. The company was maintained on Friday, August 28 by Scotia Capital. On Tuesday, November 1 the stock rating was initiated by Bank of America with “Buy”.

According to Zacks Investment Research, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services.”

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $85.03 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 14.09 P/E ratio. The Company’s divisions include Canadian Retail, U.S.

TD 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.

More notable recent Toronto-Dominion Bank (NYSE: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 Prnewswire.com with their article: “TD Bank Invests in Affordable Housing for Seniors and Homeless Veterans with …” published on November 14, 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 (NYSE: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: “Why Toronto-Dominion Bank Is the Best of the Big 5” with publication date: October 28, 2016.

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