Deal Dispatch: TD Bank To Sell Charles Schwab Stake? Eyenovia, Smart Share Hit Auction Block
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
TD Bank Stake Sale: TD Bank is considering selling its 10.1% stake in Charles Schwab Corp as part of a strategic review following a U.S. money-laundering scandal, while Eyenovia Inc is exploring a reverse merger or sale to conserve cash for its product development.
Mergers and Acquisitions Activity: Notable transactions include Disney merging its live TV streaming business with FuboTV, Paychex acquiring Paycor HCM for $4.1 billion, and Constellation Energy's $30 billion offer for Calpine, reflecting ongoing significant activity in the mergers and acquisitions landscape.
Analyst Views on TD
Wall Street analysts forecast TD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TD is 92.14 USD with a low forecast of 84.94 USD and a high forecast of 96.46 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
4 Hold
1 Sell
Moderate Buy
Current: 94.710
Low
84.94
Averages
92.14
High
96.46
Current: 94.710
Low
84.94
Averages
92.14
High
96.46
About TD
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank, along with subsidiaries, operates across four main business segments: Canadian Personal and Commercial Banking, the United States (U.S.) Retail, Wealth Management and Insurance, and Wholesale Banking. The Canadian Personal and Commercial Banking, which includes TD Canada Trust and TD Auto Finance Canada. The U.S. Retail segment includes TD Bank, a Convenient Bank, TD Auto Finance U.S., and TD Wealth (U.S.). The Wealth Management and Insurance segment includes TD Wealth (Canada), TD Direct Investing, and TD Insurance. The Wholesale Banking segment includes TD Securities and TD Cowen. The Bank offers a wide range of products and services, including banking accounts, financing, investment solutions, cash management (information, consolidation and reporting, payables, and receivables), U.S. banking services, global services, business credit life insurance, wealth advisory services and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
