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TD Bank loses Buy rating at Citi

  • Ahead of Canadian bank earnings this week, Citigroup pulls its chips off the table on TD Bank, downgrading to Neutral from Buy. In other analyst moves, KBW boosts its price target  by $1 to C$50.
  • TD has been the strongest performer of the large Canadian lenders over the last year, up 8% Y/Y. Bank of Montreal is next, up 5.6%, followed by RBC up 3.4%, and Scotiabank down 3.8%.
Comments (4)
  • piano man
    , contributor
    Comments (66) | Send Message
     
    Interesting 3 days before earnings?
    24 Feb, 09:25 AM Reply Like
  • Uunderhill
    , contributor
    Comments (133) | Send Message
     
    .
    Was C trading for about $48 in 2006 - and about $2.45 in 2009.

     

    Then it had a 10:1 reverse stock split in 2011

     

    so its really trading around $4.79

     

    I'll take anything that C says with a grain of salt.
    27 Feb, 07:58 AM Reply Like
  • Uunderhill
    , contributor
    Comments (133) | Send Message
     
    To add,

     

    As of May 2014 - I see TD Bank's earnings continue to grow
    Its growth strategy along the US Eastern Sea Board has been very successful.

     

    The games from the big investment banks continue.
    27 May, 07:18 AM Reply Like
  • piano man
    , contributor
    Comments (66) | Send Message
     
    They keep adding banks in US, however not as aggressive when it was Commerce. TD is my favorite holding!
    27 May, 04:28 PM Reply Like
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