The Globe and Mail reports in its Saturday edition that Toronto-Dominion Bank's share price has gained 16 per cent over the past two months, making it by far the best-performing Canadian big bank stock over that period. The Globe's David Berman writes that the rebound, which followed a demoralizing year for long-term investors, is not a big surprise, though, and supports an interesting method for picking bank stocks. Prior to the recent liftoff, TD had three things going for it. For starters, the stock was beaten up and cheap, after floundering through much of 2024 because of a U.S. investigation into its flawed anti-money-laundering practices. The second thing TD had going for it was a leadership shake-up. In September, the bank announced that Raymond Chun would succeed Bharat Masrani as chief executive officer in 2025. The change may have struck the right chord with investors: It signalled that TD was serious about bringing in a fresh approach. The third factor working in TD's favour is the most appealing: The banking sector rewards laggards. Bank stocks tend to revert to the mean over time, as underperformers outperform. This tendency is so reliable that it forms the basis of several exchange-traded funds.