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TSE:TD

Toronto-Dominion Bank (TD) Stock Price, News & Analysis

C$81.89
+0.12 (+0.15%)
(As of 09/6/2024 ET)
Today's Range
C$81.24
C$82.94
50-Day Range
C$75.20
C$81.89
52-Week Range
C$73.67
C$86.89
Volume
3.52 million shs
Average Volume
6.94 million shs
Market Capitalization
C$143.31 billion
P/E Ratio
18.96
Dividend Yield
4.98%
Price Target
C$88.19

Toronto-Dominion Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
7.7% Upside
C$88.19 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.77mentions of Toronto-Dominion Bank in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.67 out of 5 stars

TD stock logo

About Toronto-Dominion Bank Stock (TSE:TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

TD Stock Price History

TD Stock News Headlines

Charles Schwab’s Initiative Changes Are a Long-Term Positive (TD)
Charles Schwab is the leading retail brokerage that continues to grow. In its second quarter, it achieved record client asset growth of 17% YoY to $9.4 trillion
Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
Kamala’s Dirty Election Move… Revealed
According to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move…
Toronto-Dominion Bank (TSE:TD) PT Lowered to C$86.00
Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$86.90
See More Headlines
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Company Calendar

Last Earnings
5/25/2017
Ex-Dividend for 7/31 Dividend
7/10/2024
Dividend Payable
7/31/2024
Today
9/07/2024
Ex-Dividend for 10/31 Dividend
10/10/2024
Dividend Payable
10/31/2024
Next Earnings (Estimated)
12/05/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
Banking
CIK
N/A
Fax
N/A
Employees
93,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$88.19
High Stock Price Target
C$100.00
Low Stock Price Target
C$78.00
Potential Upside/Downside
+7.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
C$7.69 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$52.31 billion
Cash Flow
C$283.65 per share
Book Value
C$60.85 per share

Miscellaneous

Outstanding Shares
1,750,000,000
Free Float
N/A
Market Cap
C$143.31 billion
Optionable
Not Optionable
Beta
0.82
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Key Executives

  • Mr. Bharat B. Masrani (Age 67)
    Group President, CEO & Director
    Comp: $3.17M
  • Mr. Kelvin Vi Luan Tran
    Group Head & CFO
  • Mr. Riaz E. Ahmed
    Group Head of Wholesale Banking
  • Mr. Leovigildo Salom
    Group Head U.S. Retail and President & CEO of America's Most Convenient Bank
  • Salma Salman
    Chief Accountant & Senior VP of Finance
  • Mr. Greg Keeley
    Senior Executive Vice President of Technology & Platforms
  • Ms. Judy Dinn
    Chief Information Officer
  • Ms. Brooke Hales
    Head of Investor Relations
  • Ms. Jane A. Langford
    Executive VP & General Counsel
  • Ms. Renu Gupta
    Senior Vice President of Corporate Development, Strategy & Funding

Should I Buy Toronto-Dominion Bank Stock? TD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Toronto-Dominion Bank:

  • The Toronto-Dominion Bank's stock price recently crossed above its 200-day moving average, indicating a potential uptrend in the stock's performance. This could present a buying opportunity for investors looking to capitalize on a possible price increase.
  • The company has a strong dividend yield of 5.10%, providing investors with a steady income stream. A high dividend yield can be attractive to income-focused investors seeking regular returns on their investment.
  • The Toronto-Dominion Bank has a market capitalization of C$142.56 billion, indicating its significant size and stability in the market. Larger market capitalization can imply lower volatility and a more established position in the industry.
  • With a P/E ratio of 13.57, The Toronto-Dominion Bank's stock may be considered undervalued compared to its peers or historical averages. A lower P/E ratio could suggest that the stock is priced attractively relative to its earnings potential.
  • The company operates through multiple segments, including Canadian Personal and Commercial Banking and U.S. operations, providing diversification in revenue sources and geographical exposure. Diversification can help mitigate risks associated with a single market or product.

Cons

Investors should be bearish about investing in The Toronto-Dominion Bank for these reasons:

  • The Toronto-Dominion Bank's dividend payout ratio (DPR) is currently at 68.34%, which indicates that a significant portion of the company's earnings is being distributed as dividends. A high DPR may limit the company's ability to reinvest in growth opportunities or withstand economic downturns.
  • Despite recent positive analyst ratings and price target adjustments, there is always a risk of unforeseen market events or economic conditions that could negatively impact The Toronto-Dominion Bank's stock performance. Market volatility can lead to sudden price fluctuations and investment losses.
  • While the company has a beta of 0.82, suggesting lower volatility compared to the market, it also implies that The Toronto-Dominion Bank's stock may not move in line with broader market trends. Investors seeking higher beta stocks for potential higher returns may find this characteristic limiting.
  • The Toronto-Dominion Bank's P/E/G ratio of 1.08 indicates that the stock may be slightly overvalued relative to its expected earnings growth rate. A P/E/G ratio above 1 can suggest that the stock's price is not fully justified by its growth prospects.
  • Investors should consider the impact of macroeconomic factors, regulatory changes, and competitive pressures on The Toronto-Dominion Bank's business operations. External factors beyond the company's control can influence its financial performance and stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Toronto-Dominion Bank pros and cons to contact@marketbeat.com.

TD Stock Analysis - Frequently Asked Questions

How have TD shares performed this year?

Toronto-Dominion Bank's stock was trading at C$85.62 on January 1st, 2024. Since then, TD shares have decreased by 4.4% and is now trading at C$81.89.
View the best growth stocks for 2024 here
.

How were Toronto-Dominion Bank's earnings last quarter?

The Toronto-Dominion Bank (TSE:TD) released its earnings results on Thursday, May, 25th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.10. The business had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.54 billion. Toronto-Dominion Bank had a trailing twelve-month return on equity of 7.33% and a net margin of 15.72%.

How do I buy shares of Toronto-Dominion Bank?

Shares of TD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Toronto-Dominion Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Toronto-Dominion Bank investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET) and Wheaton Precious Metals (WPM).

This page (TSE:TD) was last updated on 9/7/2024 by MarketBeat.com Staff

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