RBC Capital analyst Darko Mihelic downgrades $The Toronto-Dominion Bank (TD.US)$ to a hold rating, and adjusts the target price from $63.98 to $59.55.
According to TipRanks data, the analyst has a success rate of 59.4% and a total average return of 6.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Toronto-Dominion Bank (TD.US)$'s main analysts recently are as follows:
Following TD Bank's announcement regarding the settlement of anti-money laundering probes in its U.S. banking division with multiple regulators, the resolution includes an imposed asset cap.
TD Bank has concluded its issues concerning U.S. BSA/AML, facing both monetary and non-monetary penalties. The most significant repercussion is the asset cap which is expected to significantly limit the bank's expansion endeavors in the U.S. for an extended period. It is anticipated that TD Bank will face challenges in surpassing its competitors in the medium term due to restricted strategic options, subdued growth in earnings and dividends, along with considerable impending cultural shifts.
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