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Stock impact report

Where Will TD Bank Stock Be in 3 Years? [Yahoo! Finance Canada]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
The Toronto-Dominion Bank TSX:TD ) has been one of Canada's best performing bank stocks this year. Up 14% year-to-date as of this writing, it has handily outperformed both the TSX and the TSX financials sub-index. Investors who bought TD stock when it was going through its U.S. regulatory struggles last year have been well rewarded. The question is, where does TD go from here? The fine and asset cap the U.S. DoJ gave the bank resulted in the bank freeing up a lot of cash. It put $8 billion worth of that cash into a brand new buyback program. The ongoing buyback might be part of the reason why the stock is up this year, when the TSX is flat and TSX financials are down slightly. Despite the regulatory issues it has been facing, TD stock has many growth areas that could drive gains in the years ahead. In this article, I'll explore where I think TD stock will be in three years' time. Recent earnings TD Bank's recent earnings release was fairly strong. In the quarter, the company Show less Read more
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