Scotiabank analyst Meny Grauman maintains $The Toronto-Dominion Bank (TD.US)$ with a buy rating, and adjusts the target price from $63.32 to $62.33.
According to TipRanks data, the analyst has a success rate of 61.4% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Toronto-Dominion Bank (TD.US)$'s main analysts recently are as follows:
The resolution of anti-money laundering investigations involving the U.S. banking operations has been announced, which involves an asset cap as part of the final action.
TD Bank has resolved its U.S. BSA/AML issues, which entailed various penalties, including an asset cap that is expected to significantly limit the bank's expansion endeavors in the U.S. for the foreseeable future. It is anticipated that the bank may face challenges in surpassing its competitors over the medium term due to constrained strategic options, subdued growth in earnings and dividends, and considerable impending cultural shifts.
Note:
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