Why Toronto-Dominion Bank Stock Was Slipping Today
Dominion Bank(TD) The Motley Fool·2024-08-23 04:04
A red number for an important line item sank the company's shares. No investor likes a surprise net loss, and an unexpected quarterly deficit put Toronto-Dominion Bank's (TD -2.19%) stock in the doghouse on Thursday. The company's share price sagged by more than 2% in late-session trading, a steeper decline than the 0.8% slide of the S&P 500 index at the same time. High provisions sank the bottom line Toronto-Dominion's results for the fiscal third quarter of 2024 came out Thursday morning before market ope ...