Toronto Dominion Bank (TD.TO), Canada's second-largest lender, said on Monday it agreed to purchase the credit card portfolio of MBNA Canada, the nation's largest MasterCard issuer, from Bank of America Corp (BAC.N). TD said the deal would add 1.8 million active accounts to its portfolio, but did not disclose a deal value.
The Toronto-Dominion Bank is a Canada-based bank. Shares of TD remained unchanged at $76.54. In the past year, the shares have traded as low as $64.08 and as high as $89.79. On average, 825094 shares of TD exchange hands on a given day and today's volume is recorded at 0.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $7.19. In the past year, the shares have traded as low as $6.31 and as high as $15.31. On average, 189743008 shares of BAC exchange hands on a given day and today's volume is recorded at 43500.
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