Market News

TD Bank Launches Annual ‘TD Thanks You’ Campaign

TD Bank Group (TD) launched its annual TD Thanks You Campaign on Monday, to reward customers who are making an impact in their local communities.

The 2021 laureates are customers who have all demonstrated a determination to spread optimism and support their neighbors, without expecting anything in return.

Nominated by colleagues at TD, eight Bank customers received personalized gifts to thank them for their selfless actions. These gifts were given through famous influencers. (See Toronto-Dominion Bank stock charts on TipRanks)

“The TD Thanks You campaign embodies TD’s unique culture, and we channel the personal connections created between our colleagues and customers to make this annual campaign come to life,” said Betsey Chung, EVP and Global CMO, TD Bank Group. “We have the privilege of knowing our customers on a personal level and learning the stories of these selfless individuals – those who are helping to make their communities, and the world, a slightly better place than how they found it.”

One of the winning clients of the TD Thanks You campaign was George Sully, who in 2020 created a platform called Black Designers of Canada to help black artists in the creative community, and celebrate their excellence.

On September 7, Barclays analyst John Aiken upgraded TD to a Buy from a Hold, with an unchanged price target of C$89. This implies 5.9% upside potential.

Overall, TD scores a Moderate Buy rating among Wall Street analysts based on three Buys and five Holds. The average Toronto-Dominion Bank price target of C$92.56 implies 9.9% upside potential to current levels.

TipRanks’ Smart Score

TD scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock returns are very likely to beat the overall market.

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