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Toronto Dominion Bank (TD)TD
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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 | Today’s Advisory: PASS |
Historic Profit: -25.25% | Upturn Advisory Performance 1 | Avg. Invested days: 34 |
Profits based on simulation | Stock 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 | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/15/2024 | Upturn Advisory Performance 1 |
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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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