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
Currently there is a rather positive sentiment for Toronto-Dominion Bank with 4 Buy predictions and 1 Sell predictions.
With a target price of 133 € there is a positive potential of 31.19% for Toronto-Dominion Bank compared to the current price of 101.38 €.
