In a report released yesterday, Sohrab Movahedi from BMO Capital initiated coverage with a Hold rating on Toronto Dominion Bank (TD – Research Report) and a price target of $83.00. The company’s shares closed yesterday at $59.41.
Movahedi covers the Financial sector, focusing on stocks such as Toronto Dominion Bank, Royal Bank Of Canada, and Laurentian Bank. According to TipRanks, Movahedi has an average return of 3.4% and a 47.19% success rate on recommended stocks.
In addition to BMO Capital, Toronto Dominion Bank also received a Hold from National Bank’s Gabriel Dechaine in a report issued today. However, yesterday, RBC Capital initiated coverage with a Buy rating on Toronto Dominion Bank (NYSE: TD).
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Based on Toronto Dominion Bank’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $12.61 billion and a net profit of $3.35 billion. In comparison, last year the company earned a revenue of $10.91 billion and had a net profit of $3.26 billion
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Incorporated in 1955, The Toronto-Dominion Bank is a leading provider of financial products and services in Canada. It is the sixth largest bank in North America by
branches and serves over 26 million customers. It operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments.
Read More on TD:
- TD Bank Stock (TSE:TD) Dips after Q3 Earnings Miss; Announces Buyback
- Options Volatility and Implied Earnings Moves Today, August 24, 2023
- TD Bank intends to repurchase for cancellation up to 90M common shares
- TD Bank reports Q3 adjusted EPS C$1.99 vs. C$2.09 last year
- Notable companies reporting before tomorrow’s open
