Toronto Dominion Bank (TD) NewsBite - TD Earnings Preview

Posted: Tuesday, May 26, 2009 10:08 AM EDT

Toronto Dominion Bank (NYSE: TD) opened at $43.00. So far today, the stock has hit a low of $43.00 and a high of $44.32. TD is now trading at $44.17, up $1.34 (3.13%). Over the last 52 weeks the stock has ranged from a low of $25.86 to a high of $72.50. Shares of TD are rising today ahead of the company's quarterly earnings report on Thursday. Analysts are expecting the bank to report earnings of $1.01 per share. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for TD. If you are looking for a hedged play on TD the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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