Toronto-Dominion Stock Just Lost $7 Billion in Value. Time to Buy?

Toronto-Dominion Bank (NYSE: TD) -- more commonly referred to as TD Bank -- has been a terrific long-term investment. During the past 30 years, the shares have increased in value by more than 3,300%. The S&P 500, for comparison, rose in value by just 1,400% during the same time period. More recently, however, TD Bank stock has lagged behind the market. During the past three years, the shares have essentially been little changed while broad market indexes have soared. And just last week, we got news that sent the shares tumbling by more than 6%. If you're a patient investor, might this be the buying opportunity you've been waiting for?Let's get to the bad news first. TD Bank has become the largest U.S. bank in history to plead guilty to failures under the Bank Secrecy Act, which also makes it the first bank ever to plead guilty to conspiracy to commit money laundering.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool