NEW YORK (

TheStreet

) --

Toronto-Dominion Bank

(NYSE:

TD

) hit a new 52-week high Friday as it traded at $82.68 compared with its previous 52-Week high of $82.54. Toronto-Dominion is changing hands at $82.58 with 229,940 shares traded as of 11:21 a.m. ET. Average volume has been 630,500 shares over the past 30 days.

Toronto-Dominion has a market cap of $69.9 billion and is part of the

financial

sector and

banking

industry. Shares are up 8.4% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 15.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Toronto-Dominion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Toronto-Dominion Ratings Report

.

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