Bank of America’s latest earnings results offer insight into the sentiment of U.S. businesses on M&A in the coming year. “The consumers are still spending, and our business clients are profitable and increasingly optimistic,

Bank of America (BofA) analysts upgraded Toronto-Dominion Bank (TD.TO)(TD) to a “Buy” rating on Friday, citing “increased confidence” in the bank’s leadership. BofA Securities joins several other institutions that have identified upside in TD’s stock after a year of turmoil in 2024 defined largely by anti-money-laundering issues in the U.