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Updated · MarketWatch · May 6Toronto-Dominion Bank shares hit new 52-week high
9 articles · Updated · MarketWatch · May 6
- The stock rose 2.69% to C$148.14 on Wednesday, topping its previous C$147.00 peak set on 1 May.
- TD also outperformed a broadly stronger Canadian market, as the S&P/TSX Composite Index gained 1.24% to 33,981.82.
- Trading volume reached 6.2 million shares, above the bank's 50-day average of 5.8 million, indicating heavier investor activity.
With a record stock price, is TD Bank truly past its multi-billion dollar money laundering scandal? Will the new OBBBA tax act's benefits outweigh Canada's challenging mortgage renewal cycle for TD? Can TD's massive AI push and job cuts truly offset its huge regulatory compliance costs?