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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,748,307,012
Close 2024-09-06 C$ 81.89
Market Cap C$ 143,168,861,213
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Globe says TD still an "outperformer" at CIBC

2024-09-06 07:44 ET - In the News

The Globe and Mail reports in its Friday, Sept. 6, edition that wrapping up third quarter earnings season for Canadian banks, CIBC World Markets analyst Paul Holden raised his share target for Toronto-Dominion Bank to $100 from $88. The Globe's David Leeder writes that analysts on average target the shares at $86.97. Mr. Holden has reaffirmed his "outperfomer" recommendation for Toronto-Dominion Bank. Mr. Holden says in a note: "The big banks delivered more EPS beats than misses as credit losses increased less than expected for the majority of banks. We can't sound the all clear on credit risk just yet, with BMO being the obvious case in point, but we are less concerned about F2025 credit losses and associated EPS downside today than we were prior to reporting. We have not made any rating changes around the quarter, and National Bank of Canada, Toronto-Dominion Bank and EQB remain our outperformer-rated names." The Globe reported on March 8 that Mr. Holden rated Toronto-Dominion Bank "neutral." It was then worth $81.38. The Globe reported on Aug. 20 that Scotia Capital analyst Meny Grauman had reaffirmed his "sector outperform" recommendation for Toronto-Dominion Bank. The shares could then be had for $81.

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