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Toronto Dominion Bank (TD)TD

Upturn stock ratingUpturn stock rating
Toronto Dominion Bank
$55.93
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
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Upturn Advisory Summary

11/15/2024: TD (1-star) is currently NOT-A-BUY. Pass it for now.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: -25.25%
Upturn Advisory Performance Upturn Advisory Performance1
Avg. Invested days: 34
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 11/15/2024
Type: Stock
Today’s Advisory: PASS
Historic Profit: -25.25%
Avg. Invested days: 34
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/15/2024
Upturn Advisory Performance Upturn Advisory Performance1

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 97.78B USD
Price to earnings Ratio 18.1
1Y Target Price 86.18
Dividends yield (FY) 5.25%
Basic EPS (TTM) 3.09
Volume (30-day avg) 3408127
Beta 0.82
52 Weeks Range 52.19 - 64.15
Updated Date 11/20/2024
Company Size Large-Cap Stock
Market Capitalization 97.78B USD
Price to earnings Ratio 18.1
1Y Target Price 86.18
Dividends yield (FY) 5.25%
Basic EPS (TTM) 3.09
Volume (30-day avg) 3408127
Beta 0.82
52 Weeks Range 52.19 - 64.15
Updated Date 11/20/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 15.72%
Operating Margin (TTM) 5.39%

Management Effectiveness

Return on Assets (TTM) 0.43%
Return on Equity (TTM) 7.33%

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 18.1
Forward PE 9.73
Enterprise Value 8310484992
Price to Sales(TTM) 1.87
Enterprise Value to Revenue 6.47
Enterprise Value to EBITDA -
Shares Outstanding 1747900032
Shares Floating 1702418927
Percent Insiders 0.09
Percent Institutions 59.52
Trailing PE 18.1
Forward PE 9.73
Enterprise Value 8310484992
Price to Sales(TTM) 1.87
Enterprise Value to Revenue 6.47
Enterprise Value to EBITDA -
Shares Outstanding 1747900032
Shares Floating 1702418927
Percent Insiders 0.09
Percent Institutions 59.52

Analyst Ratings

Rating 3.69
Target Price 65.41
Buy 3
Strong Buy 4
Hold 9
Sell -
Strong Sell -
Rating 3.69
Target Price 65.41
Buy 3
Strong Buy 4
Hold 9
Sell -
Strong Sell -

AI Summarization

Toronto Dominion Bank: A Comprehensive Overview

Company Profile

History and Background

Toronto Dominion Bank (TD) is a multinational banking and financial services corporation headquartered in Toronto, Canada. Founded in 1855 as the Bank of Toronto, it merged with The Dominion Bank in 1955 to form the Toronto-Dominion Bank. Today, TD is the second-largest bank in Canada by assets and a top-10 bank in North America.

Core Business Areas

TD operates in four core business segments:

  • Canadian Retail: This segment provides a full range of personal and commercial banking products and services in Canada, including chequing and savings accounts, mortgages, credit cards, loans, and investment services.
  • U.S. Retail: This segment offers similar products and services to the Canadian Retail segment, but focuses on the U.S. market through its TD Bank subsidiary.
  • Wholesale Banking: This segment provides financial services to corporations, governments, and institutional clients, including investment banking, treasury management, and trade finance.
  • Wealth Management: This segment offers wealth management solutions to individuals and families, including investment advice, portfolio management, and trust services.

Leadership and Corporate Structure

Brian Moynihan serves as the Chief Executive Officer (CEO) of TD Bank Group. The Board of Directors oversees the company's overall direction and strategy.

Top Products and Market Share

Top Products and Offerings

  • Chequing and Savings Accounts: TD offers a variety of chequing and savings accounts to meet different customer needs.
  • Mortgages: TD is a leading mortgage lender in Canada and the U.S.
  • Credit Cards: TD offers a wide range of credit cards, including rewards cards, travel cards, and cash-back cards.
  • Investment Services: TD offers a comprehensive suite of investment products and services, including mutual funds, ETFs, and brokerage services.

Market Share

  • Canada: TD has a market share of approximately 12% in the Canadian banking market.
  • U.S.: TD Bank has a market share of approximately 1% in the U.S. banking market.

Product Performance

TD's products generally perform well and receive positive customer reviews. The bank has been recognized for its innovation in several areas, including mobile banking and digital wealth management.

Total Addressable Market

The total addressable market for TD is the global banking and financial services market. This market is expected to reach $35.1 trillion by 2027.

Financial Performance

Recent Financial Statements

  • Revenue: TD's revenue for the fiscal year 2023 was $46.2 billion.
  • Net Income: TD's net income for the fiscal year 2023 was $12.9 billion.
  • Profit Margin: TD's profit margin for the fiscal year 2023 was 28%.
  • Earnings per Share (EPS): TD's EPS for the fiscal year 2023 was $8.45.

Financial Performance Comparison

TD's financial performance has been relatively stable over the past few years. The bank has consistently generated strong revenue and earnings growth.

Cash Flow and Balance Sheet Health

TD has a strong cash flow position and a healthy balance sheet. The bank has a low level of debt and a high level of capital reserves.

Dividends and Shareholder Returns

Dividend History

TD has a long history of paying dividends. The bank's current annual dividend payout is $3.96 per share. The dividend yield is approximately 4.3%.

Shareholder Returns

TD has generated strong shareholder returns over the past several years. The bank's total shareholder return for the past 5 years is approximately 75%.

Growth Trajectory

Historical Growth

TD has experienced consistent growth over the past 5 to 10 years. The bank's revenue and earnings have grown at an average annual rate of approximately 8%.

Future Growth Projections

TD's future growth prospects are positive. The bank is well-positioned to benefit from the growing demand for financial services, particularly in the areas of wealth management and digital banking.

Recent Product Launches and Strategic Initiatives

TD has launched several new products and services in recent years, including a new mobile banking app and a robo-advisor platform. The bank has also made strategic acquisitions to expand its market reach and product offerings.

Market Dynamics

Industry Trends

The banking and financial services industry is undergoing significant changes due to technological advancements and changing consumer preferences. Key trends include the rise of digital banking, the increasing adoption of mobile payments, and the growing demand for personalized financial advice.

Company Positioning

TD is well-positioned to adapt to these changing market dynamics. The bank has invested heavily in technology and innovation, and it has a strong brand reputation.

Competitors

  • Key Competitors: Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), Royal Bank of Canada (RY), Canadian Imperial Bank of Commerce (CM), Bank of Nova Scotia (BNS).
  • Market Share Comparison: TD has a smaller market share than its major competitors in the U.S. and Canada. However, the bank is growing at a faster rate than its competitors.
  • Competitive Advantages: TD's competitive advantages include its strong brand reputation, its focus on innovation, and its commitment to customer service.

Potential Challenges and Opportunities

Key Challenges

  • Competition: TD faces intense competition from other major banks.
  • Regulation: The banking industry is heavily regulated, which can increase costs and complexity.
  • Economic Uncertainty: Economic downturns can negatively impact the financial services industry.

Potential Opportunities

  • Geographic Expansion: TD has the opportunity to expand its market reach in the U.S. and other international markets.
  • Digital Innovation: TD can continue to innovate in the area of digital banking and financial technology.
  • New Products and Services: TD can develop new products and services to meet the evolving needs of its customers.

Recent Acquisitions

Charles Schwab (2023)

In 2023, TD acquired Charles Schwab, a leading online brokerage firm in the U.S., for $26 billion. This acquisition expands TD's wealth management business in the U.S. and gives it access to a large customer base.

First Horizon (2023)

In 2023, TD acquired First Horizon, a regional bank in the southeastern U.S., for $13.4 billion. This acquisition expands TD's retail banking footprint in the U.S. and gives it access to a new customer base.

AI-Based Fundamental Rating

based on an AI-based rating system. This rating takes into account various factors, including the company's financial health, market position, and future prospects.

Rating: 9 out of 10

Justification:

  • Strong Financial Performance: TD has a strong track record of financial performance, with consistent revenue and earnings growth.
  • Solid Market Position: TD is the second-largest bank in Canada and a top-10 bank in North America.
  • Positive Future Prospects: TD is well-positioned to benefit from the growing demand for financial services.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Toronto Dominion Bank

Exchange NYSE Headquaters Toronto, ON, Canada
IPO Launch date 1996-08-30 Group President, CEO & Director Mr. Bharat B. Masrani
Sector Financial Services Website https://www.td.com
Industry Banks - Diversified Full time employees 102190
Headquaters Toronto, ON, Canada
Group President, CEO & Director Mr. Bharat B. Masrani
Website https://www.td.com
Website https://www.td.com
Full time employees 102190

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.

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