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

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 up 0.7%. By the end of trading, Toronto-Dominion Bank fell $1.24 (-1.5%) to $81 on heavy volume. Throughout the day, 893,557 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 449,300 shares. The stock ranged in price between $80.69-$82.41 after having opened the day at $82.09 as compared to the previous trading day's close of $82.24. Other companies within the Financial sector that declined today were: China Housing & Land Development ( CHLN), down 15%, First Security Group ( FSGI), down 9.1%, Optibase ( OBAS), down 7.8%, and Consumer Portfolio Services ( CPSS), down 5.7%.
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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 $76.75 billion and is part of the banking industry. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and one 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, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, American Spectrum Realty ( AQQ), up 40.3%, Altisource Residential Corporation ( RESI), up 29.3%, Palmetto ( PLMT), up 23.6%, and PSB Holdings ( PSBH), up 16.8%, were all gainers within the financial sector with Wells Fargo ( WFC) being today's featured financial sector leader.

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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