Barclays Maintains an 'Overweight' on TD Bank Financial (TD); Impressive Third Quarter

Barclays maintains an 'Overweight' on TD Bank Financial (NYSE: TD) price target raised by C$2 to C$91.

Barclays analyst says, "Retail earnings drove an impressive third quarter, with core earnings per share up 8.2% sequentially and 20% from a year ago. While investors may have gotten accustomed to the earnings power of its domestic retail bank, we were quite pleased to see a strong contribution from south of the border. The robust earnings growth reflected a return to strong cost management after a weaker second quarter, with TD driving very impressive sequential and year-over-year operating leverage."

For more ratings news on TD Bank Financial click here and for the rating history of TD Bank Financial click here.

Shares of TD Bank Financial closed at $80.62 yesterday.

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