2 Bank Stocks to Buy at a Discount
Banks can be complex businesses, but the industry's basics are pretty simple to understand. A swift rise in interest rates has been a notable headwind, pushing down share prices across the sector.
Two stocks that are getting beaten down but that are still worth a very close look are Toronto-Dominion Bank (NYSE: TD), or TD Bank, and Bank of Nova Scotia (NYSE: BNS), or Scotiabank. Here's why.
Canada, the country from which TD Bank and Scotiabank both hail, has a highly regulated bank sector. This has resulted in the largest banks having entrenched industry positions. Moreover, industry regulators have a keen focus on safety, so Canadian banks tend to be risk-averse. The conservative nature permeates their entire business, regardless of where the companies are operating.
Source Fool.com
Toronto-Dominion Bank Stock
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Toronto-Dominion Bank is rather balanced.
As a result the target price of 86 € shows a very positive potential of 70.23% compared to the current price of 50.52 € for Toronto-Dominion Bank.
