Why Toronto-Dominion Bank Stock Beat the Market Today
Investors continued to be skittish about bank stocks on Thursday, which was understandable given the continuing turmoil with regional lenders. One member of that group escaped the clutches of the bear that day, however: Toronto-Dominion (NYSE: TD). Wisely, Toronto-Dominion and the lender currently in its sights, First Horizon (NYSE: FHN), announced Thursday they are terminating their merger agreement.