March 13, 2017 / 1:55 PM / 7 months ago

TD's shares up after falling Friday on sales practices reports

TORONTO, March 13 (Reuters) - Shares in TD Bank were up 1.2 percent in early trading on Monday after falling by 5.6 percent on Friday following media reports which said staff had been put under pressure to meet sales targets.

The decline in TD’s shares on Friday knocked C$7.3 billion of the bank’s value, and analysts said that may have created a buying opportunity.

“With the information available we believe this is over-done and reiterate our buy,” analysts at Citi said in a research note.

Reporting by Matt Scuffham; Editing by W Simon

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