Toronto-Dominion Bank (TD): Today's Featured Banking Loser
(
) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.4%. By the end of trading, Toronto-Dominion Bank fell 74 cents (-1.1%) to $65.29 on light volume. Throughout the day, 359,663 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 818,400 shares. The stock ranged in price between $65.20-$66.01 after having opened the day at $65.56 as compared to the previous trading day's close of $66.03. Other company's within the Banking industry that declined today were:
(
), down 35.5%,
Princeton National Bancorp Inc
(
), down 16.5%,
(
), down 13.1%, and
Central Virginia Bankshares Inc
(
), down 11.2%.
The Toronto-Dominion Bank, together with its subsidiaries, provides various banking and financial services in North America and internationally. The company operates in four segments: Canadian Personal and Commercial Banking, Wealth Management, U.S. Toronto-Dominion Bank has a market cap of $59.38 billion and is part of the
sector. The company has a P/E ratio of 11, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.1% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Toronto-Dominion as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Toronto-Dominion Ratings Report.
On the positive front,
(
), up 28.8%,
First Financial Service Corporation
(
), up 19.4%,
(
), up 14.4%, and
Yadkin Valley Financial Corporation
(
), up 13.5%, were all gainers within the banking industry with
(
) being today's featured banking industry winner.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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