Why TD Bank Stock Was Rising Today
Toronto-Dominion (TD) Bank (NYSE: TD) saw its stock price move higher today, as it was up about 3.1% at 1:10 p.m. ET. It was trading at $62 per share at that time, down roughly 3.9% year to date.
The market was trending higher on Friday, as the S 500 was up 61 points (1.5%), the Dow Jones Industrial Average gained 415 points (1.3%), and the Nasdaq Composite rose 225 points (1.9%) at 1:10 p.m. ET.
TD Bank pushed higher on Friday, one day after it agreed to terminate its planned acquisition of First Horizon. TD Bank cited uncertainty as to when regulatory approvals can be obtained as the reason, adding that both parties mutually agreed to terminate the merger. But First Horizon has indeed been hit hard in this banking crisis, as its stock price is down 56% YTD.
Source Fool.com
Toronto-Dominion Bank Stock
Our community is currently high on Toronto-Dominion Bank with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 133 € shows a positive potential of 26.43% compared to the current price of 105.2 € for Toronto-Dominion Bank.
