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

Toronto-Dominion Bank ( TD) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.9%. By the end of trading, Toronto-Dominion Bank fell 67 cents (-0.8%) to $79.68 on average volume. Throughout the day, 589,101 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 697,500 shares. The stock ranged in price between $79-$79.92 after having opened the day at $79.38 as compared to the previous trading day's close of $80.35. Other company's within the Banking industry that declined today were: Royal Bancshares of Pennsylvania ( RBPAA), down 11.5%, Magyar Bancorp ( MGYR), down 9.4%, Old Second Bancorp ( OSBC), down 8.1%, and Park Sterling ( PSTB), down 7.8%.

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 $72.4 billion and is part of the financial sector. The company has a P/E ratio of 12.3, below the average banking industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Toronto-Dominion Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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).
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