The Toronto-Dominion Bank (NYSE:TD) is one of the Cheap NYSE Stocks to Buy Now. On December 5, Sohrab Movahedi from BMO Capital raised the firm’s price target on The Toronto-Dominion Bank (NYSE:TD) from C$120 to C$128, while reiterating a Buy rating on the stock. On the same day, Matthew Lee from Canaccord Genuity also raised the price target from C$122 to C$126 and maintained a Buy rating on the stock.
The positive outlook follows the company’s fiscal Q4 2025 earnings release announced on December 4. The Toronto-Dominion Bank (NYSE:TD) grew its revenue by 15.68% year-over-year to $10.34 billion, surpassing estimates by $394.86 million. Moreover, the EPS of $1.56 also topped estimates by $0.13. Management attributed growth to robust fee and trading income in its market-driven businesses, along with volume growth in Canadian Personal and Commercial Banking.
Sohrab Movahedi of BMO Capital noted that the company posted across-the-board beats during the latest earnings release. He noted the growth to be driven by US Retail, Wealth Management / Insurance, and Wholesale Banking.
The Toronto-Dominion Bank (NYSE:TD) is a major financial institution that serves customers in Canada, the United States, and internationally. It operates through four main segments, namely Canadian Personal and Commercial Banking, US Retail, Wealth Management and Insurance, and Wholesale Banking.
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Disclosure: None. This article is originally published at Insider Monkey.