Banking: TD Continues to Outperfom U.S. Bank Peers

Toronto Dominion Bank has a leg up on it competitors south of the border according to the latest regulatory financial statements released by the Federal Deposit Insurance Corp, says Peter Routledge, an analyst at National Bank Financial.

Mr. Routledge maintained his Outperform rating on TD share,  saying the FDIC’s second quarter call report data confirms his positive bias towards the bank despite the fact that the interest rate and regulatory environment in the U.S. has offset the revenue growth upside that usually accompanies loan growth.

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