13:55:54 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,842,486,700
Close 2018-01-19 C$ 74.08
Market Cap C$ 136,491,414,736
Recent Sedar Documents

Globe says Toronto-Dominion Bank kept at "outperform"

2018-01-22 07:47 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 20, edition that Credit Suisse analyst Nick Stogdill says in a sector forecast report released on Friday that Canadian banks are enjoying momentum heading into 2018. The Globe's David Leeder writes in the Eye on Equities column that Mr. Stogdill rates Toronto-Dominion Bank ($74.08) "outperform." Mr. Stogdill boosted his share target to $79 from $77. Analysts on average target the shares at $78.13. Mr. Stogdill says in a note: "We remain positive on TD and believe above-average EPS and dividend growth will be supported by (1) Strong performance in Canadian Retail reflecting improving operating leverage (particularly in H1/18) and margin benefits from mix shift (continued growth in HELOCs) and rising rates in its strong deposit franchise; (2) 10-per-cent growth in U.S. Retail reflecting benefits of rising rates and the Scottrade acquisition with potential for more upside from tax reform. In addition to the favourable growth outlook, TD stands to benefit the most from changes to capital floors putting them in a relatively stronger position to deploy capital. TD is also well positioned on a relative basis on NAFTA given its U.S. earnings exposure."

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