Toronto-Dominion Bank’s stock surge is sustainable, market watchers believe, but only if the bank sends the right message to shareholders and delivers solid earnings for the rest of the year.
The firm spent years in the penalty box under the shadow of US investigations that culminated in fines of more than $3 billion and a cap on its American retail banking business last October. Its stock slumped even further when it suspended its financial guidance less than two months later.
Source: bloomberg.com
