Technical Analysis: TD's stock shows a bearish trend in recent trading sessions, closing at $59.75 on February 14, 2025, with a -0.30% decline . The stock has formed a descending pattern with lower highs and lower lows.
News Impact: Recent significant news indicates TD Bank's withdrawal from the Net-Zero Banking Alliance, following other major U.S. banks. This strategic shift, while potentially impacting ESG-focused investors, demonstrates TD's flexibility in developing its own climate strategies.
Price Forecast for Next Trading Week (February 18-22, 2025):
Target Prices:
The stock is likely to remain under pressure due to:
Trading Recommendation: SELL
The bearish recommendation is based on:
The price of TD is predicted to go up 1.47%, based on the high correlation periods with PLG. The similarity of these two price pattern on the periods is 98.45%.
TD
PLG
The profitability of its Canadian bank segment should continue for some time, providing a solid foundation for strong returns for Toronto-Dominion.
TD is one of the top issuers of cards in Canada, which tends to be a more profitable business if managed appropriately.
The bank's recent acquisition of Cowen should provide a unique boost for its US capital markets operations and for revenue and net income growth over the next several years.