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.