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Toronto Dominion Bank increased its stake in Westlake Corporation, owning 5,190 shares valued at $595,000 after acquiring 335 additional shares. UBS Asset Management raised its holdings by 9% to 346,789 shares worth $39.76 million. Analysts have mixed ratings on Westlake, with a current average rating of "Moderate Buy" and a price target of $138.21, despite recent earnings missing expectations.
Citigroup's stock has risen over 22% in the past six months, but its 3% dividend yield and high valuation ratios suggest caution for investors. In contrast, Toronto-Dominion Bank, despite facing regulatory challenges in the U.S. and an asset cap, offers a more attractive 4.8% dividend yield and remains financially strong, with growth potential in its Canadian operations.
HSBC is currently a more attractive option for value investors compared to Toronto-Dominion Bank (TD), boasting a Zacks Rank of #2 (Buy) versus TD's #3 (Hold). With a forward P/E ratio of 8.81 and a PEG ratio of 1.10, HSBC outperforms TD's ratios of 11.34 and 1.54, respectively, and holds a Value grade of B compared to TD's D, indicating a stronger earnings outlook and better valuation metrics.
A securities class action has been filed against Toronto-Dominion Bank and other defendants in New York, alleging they concealed significant compliance deficiencies related to the Bank Secrecy Act and anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is identified as 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al. Attorneys from A&O Shearman are representing the defendants.
National Bank of Canada FI and Toronto Dominion Bank have increased their stakes in Nutrien, with the former owning 4.2 million shares valued at $203.4 million and the latter holding 4.2 million shares worth $202.8 million. Institutional investors now control 63.10% of Nutrien's stock. Nutrien's price target has been raised to $53.00 by UBS Group, while analysts maintain a "Moderate Buy" rating, with a consensus price target of $58.94.
Teachers Retirement System of The State of Kentucky increased its NIKE shares to 265,449, valued at $23.47 million, while Toronto Dominion Bank raised its stake by 59.9% to 1,055,597 shares worth $93.32 million. Institutional investors hold 64.25% of NIKE's stock, which has a "Moderate Buy" rating with an average target price of $89.58. Recently, NIKE reported earnings of $0.78 per share, exceeding estimates, despite a 7.7% year-over-year revenue decline.
2025 is poised for volatility as a new U.S. President plans to raise tariffs, impacting market dynamics. Value stocks are expected to outperform growth stocks, while international stocks, particularly Canadian ones like The Toronto-Dominion Bank, are predicted to surpass U.S. stocks due to their lower valuations and higher dividend yields.
[Bloomberg](https://www.bloomberg.com) and [SEC]
Toronto-Dominion Bank reported earnings of C$1.72 per share for its fiscal fourth quarter, falling short of the C$1.83 average analyst estimate due to weak performance in its US banking operations. The bank is suspending its growth guidance as it reassesses business priorities following a historic money-laundering settlement with US authorities.
Futures tied to Canada's main stock index were subdued as investors awaited earnings from major banks, with the TSX closing slightly higher. Bank of Montreal reported a drop in fourth-quarter profit due to increased loan loss provisions, while Canadian Imperial Bank of Commerce saw a profit rise. In economic news, Canada's merchandise trade deficit narrowed in October, and traders anticipate a rate cut by the Bank of Canada next week. Meanwhile, U.S. stock futures remained unchanged following a record day, with Bitcoin surpassing $100,000 for the first time.
The Toronto-Dominion Bank
Companies
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westlake corporation sees mixed analyst ratings and institutional investment activity
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United States Dollar
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