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

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 higher today making it today's featured banking winner. The industry as a whole closed the day up 0.3%. By the end of trading, Toronto-Dominion Bank rose $0.54 (1.2%) to $47.28 on average volume. Throughout the day, 738,983 shares of Toronto-Dominion Bank exchanged hands as compared to its average daily volume of 774,600 shares. The stock ranged in a price between $46.86-$47.30 after having opened the day at $47.00 as compared to the previous trading day's close of $46.74. Other companies within the Banking industry that increased today were: OBA Financial Services ( OBAF), up 22.1%, Doral Financial ( DRL), up 14.5%, Carolina Trust Bank ( CART), up 8.5% and MainSource Financial Group ( MSFG), up 6.2%.

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 $86.1 billion and is part of the financial sector. Shares are down 0.8% year to date as of the close of trading on Monday. Currently there are 5 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, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Mackinac Financial Corporation ( MFNC), down 12.5%, Southcoast Financial Corporation ( SOCB), down 3.9%, Eagle Bancorp Montana ( EBMT), down 3.9% and Jacksonville Bancorp ( JXSB), down 3.8% , were all laggards within the banking industry with BankUnited ( BKU) being today's banking industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Good News Is Actually Good for the Stock Market: Market Recon

American Express Now Supported by Android Pay in Canada

Market Recon: Oil Prices and the Fed Are the Market's Guides Today

U.S Bancorp, Morgan Stanley, TD Bank Could Be Turning Toxic

These Three Big Financials Could Be Turning Toxic