Toronto-Dominion Bank (TD): Today's Featured Financial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Toronto-Dominion Bank ( TD) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Toronto-Dominion Bank fell 85 cents (-1%) to $83.26 on average volume. Throughout the day, 424,008 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 479,500 shares. The stock ranged in price between $82.95-$84.22 after having opened the day at $84.02 as compared to the previous trading day's close of $84.11. Other companies within the Financial sector that declined today were: Plumas Bancorp ( PLBC), down 12.9%, Bank of Ireland (Governor & Co of ( IRE), down 9.7%, First Financial Service Corporation ( FFKY), down 9.3%, and China HGS Real Estate ( HGSH), down 9.2%.
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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 $76.88 billion and is part of the banking industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and two 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 increase in net income, revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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