Toronto-Dominion Bank (TD): Today's Featured Banking Winner

Toronto-Dominion Bank was a winner within the banking industry, rising $1.70 (2.1%) to $81.74 on average volume
By TheStreet Wire ,

Toronto-Dominion Bank

(

TD

) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.2%. By the end of trading, Toronto-Dominion Bank rose $1.70 (2.1%) to $81.74 on average volume. Throughout the day, 656,174 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 631,400 shares. The stock ranged in a price between $80.82-$81.90 after having opened the day at $81.07 as compared to the previous trading day's close of $80.04. Other companies within the Banking industry that increased today were:

Bank Bradesco

(

BBDO

), up 16.0%,

Royal Bancshares of Pennsylvania

(

RBPAA

), up 14.3%,

Carver Bancorp

(

CARV

), up 7.2% and

Woori Finance Holdings

(

WF

), up 6.9%.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. Toronto-Dominion Bank has a market cap of $74.1 billion and is part of the financial sector. Shares are down 5.1% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.

On the negative front,

Broadway Financial

(

BYFC

), down 25.7%,

Credit Suisse

(

DSLV

), down 15.6%,

Credit Suisse

(

UOIL

), down 6.9% and

LCNB Corporation

(

LCNB

), down 5.6% , were all laggards within the banking industry with

Regions Financial Corporation

(

RF

) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider

KBW Bank ETF

(

KBE

) while those bearish on the banking industry could consider

ProShares Short KBW Regional Bankng

(

KRS

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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