RBC CM Cuts TD Banknorth Estimates

RBC Capital Markets, 18 September 2006Event� Reduced 2006E/2007E cash EPS to $2.18 and $2.34 from $2.24 and $2.46 per share.Investment Opinion� Margin Pressure: Rising deposit and borrowing costs, a shift in consumer sentiment toward higher yielding CDs, and extremely competitive pricing for high quality commercial business and commercial real estate loans should apply more significant than