Even Though It's Down 15%, I'm Not Selling Toronto-Dominion Bank
The stock market has been quite volatile in 2022 with major indices all down significantly on the year. Canadian-based financial institution Toronto-Dominion Bank (NYSE: TD) has been dragged along for the ride. Stock for the parent company of TD Bank has fallen roughly 15% since February. Long-term investors evaluating their position on the stock should ride out this downdraft because TD Bank is easily one of the best-positioned banks, even if there's a recession on the horizon.
TD Bank's primary operations are in Canada, where it is one of the largest names in the financial sector. The company estimates that it has a roughly 21% market share in its home market with No. 1 or No. 2 positioning in key product categories.
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Source Fool.com
