TD bank reinstates medium term growth target, focuses on high fee segments
1. TD forecasts a 16% return on equity over the next four years. 2. This follows the reinstatement of growth targets after a significant fine.
FAQ
Why Bullish?
The forecasted 16% return on equity is strong, indicating promising financial health. Historically, positive growth forecasts can lead to stock price increases, as seen after similar announcements by other banks.
How important is it?
The positive forecast signals a commitment to growth and recovery from past legal issues, likely attracting investor interest.
Why Long Term?
The projected return on equity spans four years, suggesting sustainable growth potential. Similar forecasts have historically translated into long-term stock appreciation.