According to The Fly, desjardins analyst Douglas Young reiterated a Buy rating on Toronto Dominion Bank (TD) today. The company’s shares opened today at $51.93, close to its 52-week low of $51.78.
According to TipRanks.com, Young is a 3-star analyst with an average return of 2.7% and a 50.5% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toronto Dominion Bank.
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Based on Toronto Dominion Bank’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $2.26 billion. In comparison, last year the company had a net profit of $2.14 billion.
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The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
