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Canadian stock market continues losses on banks’ retreat

The stock has fallen 19 per cent in the last 12 months.

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More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: Fool.ca which released: “3 Ways Toronto-Dominion Bank Is Set to Grow Market Share” on November 27, 2015, also Seekingalpha.com with their article: “10 Reasons To Invest In Toronto-Dominion Bank Now” published on November 17, 2015, Fool.ca published: “Toronto-Dominion Bank vs Royal Bank of Canada: Which Is a Better Bet Today?” on November 23, 2015. The 50-day moving average is $41 and the 200 day moving average is recorded at $41.13.

Excluding special items, earnings rose to C$1.14 per share.

Canada’s main stock index retreated on Thursday as some of its biggest bank shares fell despite reporting profit growth, while railway and pipeline stocks also weakened, offsetting overall gains for resource stocks. The business’s revenue was up 8.0% on a year-over-year basis. The company’s quarterly revenue was up 8.0% compared to the same quarter past year.

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Canadian stocks tumbled Thursday as a highly anticipated announcement from the European Central Bank failed to live up to expectations. Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on Toronto Dominion Bank (The) (NYSE:TD). Equities analysts predict that Toronto-Dominion Bank will post $4.58 EPS for the current year. On December 4, 2014 The shares registered one year high of $49.13 and one year low was seen on August 24, 2015 at $35.93. TD offers a full range of financial products and services to approximately 22 million customers around the world through three key business lines: Canadian Retail including TD Canada Trust, TD Commercial Banking, TD Auto Finance (Canada), TD Wealth (Canada) and TD Insurance; U.S. Retail including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in TD Ameritrade and Wholesale Banking including TD Securities.

TSX Plunges On Energy Weakness -- Canadian Commentary