Toronto-Dominion Bank Stock saw first quarter profits rise 0.9 percent as it continued to see gains on both its Canadian and US businesses. This has to be hurting short-sellers who have large short positions in the largest 5 Canadian Banks and very large positions in the top 3. All the Canadian Banks rather than pulling back and falling on poor earnings have done just the opposite and surprised to the upside. So far only Bank of Montreal Stock fell on its earnings and today, just three days later the bank is back up to $77.68 after falling to a low of $74.72 on Feb 24.
Toronto-Dominion Bank Stock Profits
For the past quarter net income rose to $2.06 billion from $2.04 billion. Profit met the expectations of most analysts at $1.12 a share although it was slightly shy of some estimates.
Toronto-Dominion Bank Stock Dividend Hike
Dividends were hiked for the upcoming year by 8.5 percent. Quarterly dividends are raised to 51 cents or $2.04 annually. Based on the present price of $55.00 this works out to 3.7% which is average for Canada’s banks although others are higher.
Consider Toronto-Dominion Bank Stock For Profits
Overall though the stock is well-worth considering for trading purposes to earn above average returns while gaining some protection from downside action in the stock or the markets themselves.
This is the latest trade and strategy update for Toronto-Dominion Bank Stock. This trade is for FullyInformed Canada members.
Toronto-Dominion Bank Stock Trade Alert Combination Strategy – Feb 26 2015
FullyInformed Canada Members can read this Toronto-Dominion Bank Stock (TD) trade alert and strategy outline directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
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