Barclays Maintains an 'Overweight' on TD Bank Financial (TD); Strongest on Both Sides of the Boarder
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Price: $80.72 --0%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Trade TD Now!
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, with a 52 week range of $64.56-$87.30.
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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, with a 52 week range of $64.56-$87.30.
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