Barclays Maintains an 'Overweight' on TD Bank Financial (TD); Strongest on Both Sides of the Boarder

May 25, 2012 1:31 PM EDT
Get Alerts TD Hot Sheet
Price: $50.27 -1.16%

Rating Summary:
    2 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 0
Trade TD Now!
Join SI Premium – FREE
Barclays maintains an 'Overweight' on TD Bank Financial (NYSE: TD) price target of CAD$87.00.

Analyst, John Aiken, said, "To date, TD has reported the strongest retail banking performance in our opinion, on both sides of the border. While the acquired MBNA portfolio had a positive impact in the second quarter, we note that even outside of its contribution, TD's domestic net interest margins outperformed its peers in conjunction with stronger lending volume growth in what is finally becoming the challenging environment that the market has been expecting."

Aiken did note a few concerns, including higher provisions and a drop in trading revenue, but he believes that (overall) TD's relative performance with top peers.

For an analyst ratings summary and ratings history on TD Bank Financial click here. For more ratings news on TD Bank Financial click here.

Shares of TD Bank Financial closed at $76.87 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities


Add Your Comment