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Why Shares of Toronto-Dominion Bank Are Down Today

Bram Berkowitz, The Motley Fool
·2 min read
Why Shares of Toronto-Dominion Bank Are Down Today

Shares of the large Canadian lender Toronto-Dominion Bank (NYSE: TD) traded roughly 2.4% lower today in the final hour of trading as the bank gears up to report its earnings results for its second fiscal quarter of 2023 tomorrow morning. TD has also recently been sued over its failed acquisition of First Horizon (NYSE: FHN). Canadian banks are currently in their earnings season, and both Bank of Montreal and Bank of Nova Scotia reported earnings results today that came in weaker than expected.

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