TD stock closed at $66, falling $3.88 a share — more than 5.5 per cent — for its worst day since the end of the financial crisis, and enough to wipe out all of its gains for 2017. "Concerns are arising with investors that the fallout could be similar to what happened to Wells Fargo," Aiken wrote in a commentary. TD shares finished at $66 a share on Friday, but Aiken's 12-month target price for the stock is $64 and he gives it an "underweight" rating. "That said, given the damage that the allegations did to Wells, investors will likely remain cautious about the tail risk and the impact on TD's valuation may not dissipate until after an official investigation is concluded." Shares in all five of Canada's biggest banks were lower on Friday, but none of the others were off by more than two per cent.

Source: CBC News March 10, 2017 19:52 UTC