Toronto Dominion Bank (TD) NewsBite - TD Earnings Beat Estimates

Posted: Thursday, August 27, 2009 11:00 AM EDT

Toronto Dominion Bank (NYSE: TD) opened at $62.39. So far today, the stock has hit a low of $61.75 and a high of $64.21. TD is now trading at $62.00, up $1.45 (2.39%). Over the last 52 weeks the stock has ranged from a low of $25.86 to a high of $62.90. Shares of TD are rising this morning after the company reported a third-quarter profit of C$863 million or C$1.01 per share. Excluding one-time items, TD earned C$1.254 billion, or C$1.47 per share. Analysts had been expecting a profit of C$1.23 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 an October out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

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