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Fly News Breaks for May 25, 2018
TD
May 25, 2018 | 09:20 EDT
BMO Capital analyst Sohrab Movahedi raised his price target on TD Bank to $82 after its Q2 earnings beat, citing strength in the Canadian retail. The analyst notes 17% growth in the segment's P&C banking as well as the 16% rise in Wealth & Insurance. Movahedi adds that TD's core equity tier 1 ratio was a "solid" 11.8%, giving the bank "excess" capital position. The analyst keeps his Outperform rating on TD Bank.
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