Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Toronto-Dominion Bank ( TD) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Toronto-Dominion Bank fell $1.15 (-1.3%) to $87.28 on heavy volume. Throughout the day, 658,338 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 396,400 shares. The stock ranged in price between $87.18-$88.80 after having opened the day at $88.80 as compared to the previous trading day's close of $88.43. Other companies within the Banking industry that declined today were: Credit Suisse ( UGAZ), down 15.5%, OptimumBank Holdings ( OPHC), down 8.0%, Pathfinder Bancorp ( PBHC), down 6.4% and Royal Bancshares of Pennsylvania ( RBPAA), down 6.0%.

The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. Toronto-Dominion Bank has a market cap of $81.9 billion and is part of the financial sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are down 6.2% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Toronto-Dominion Bank a buy, no analysts rate it a sell, and 1 rates 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, good cash flow from operations, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, QC Holdings ( QCCO), up 18.6%, Oak Valley Bancorp ( OVLY), up 16.5%, Credit Suisse ( DGAZ), up 13.1% and Bbva Banco FrancesS.A ( BFR), up 8.2%.

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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