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PFE   33.18 (+3.40%)
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Top-Rated Dividend StocksTop-Rated Dividend
NYSE:TD

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

$60.26
-0.48 (-0.79%)
(As of 09/29/2023 ET)
Compare
Today's Range
$60.19
▼
$61.33
50-Day Range
$59.02
▼
$65.95
52-Week Range
$55.43
▼
$70.67
Volume
2.02 million shs
Average Volume
2.30 million shs
Market Capitalization
$109.16 billion
P/E Ratio
10.44
Dividend Yield
4.81%
Price Target
$88.83
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
47.4% Upside
$88.83 Price Target
Short Interest
Bearish
1.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of Toronto-Dominion Bank in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.83%
From $6.00 to $6.23 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Finance Sector

379th out of 871 stocks

Commercial Banks, Not Elsewhere Classified Industry

15th out of 29 stocks

See Top Rated MarketRank™ Stocks Here

TD stock logo

About Toronto-Dominion Bank (NYSE:TD) Stock

The Toronto-Dominion Bank, also known as TD Bank, is a Canadian multinational bank that provides a wide range of financial services to customers in Canada, the United States, and worldwide. The bank was founded in 1855 in Toronto, Canada, and has since grown to become one of the largest banks in North America, with over 85,000 employees and more than 26 million customers. TD Bank is headquartered in Toronto, Canada, and has additional offices in New York City and other major cities throughout the United States.

TD Bank's key highlights and achievements include its status as the sixth-largest bank in North America by assets, its recognition as one of Canada's Best Managed Companies for 20 consecutive years, and its commitment to sustainability and corporate responsibility.

The management team at TD Bank is led by Chief Executive Officer Bharat Masrani, who has been with the company for over 30 years and has held various senior leadership positions before being appointed CEO in 2014. 

Regarding financial performance, TD Bank has delivered consistent results over the past few years, with revenue and net income increasing yearly for the past several years. The bank's profit margins have also remained robust, with an average net profit margin of 25%. However, TD Bank has also faced challenges related to debt levels and changes in ownership, with a recent decrease in ownership by TD Ameritrade Holding Corporation. Regarding valuation, TD Bank's price-to-earnings and price-to-book ratios align with industry peers. The company's market performance has also been relatively stable, with modest price movements and steady trading volume over the past few years. 

TD Bank operates in a highly competitive and regulated industry, with other major players, including the Bank of Montreal, Royal Bank of Canada, and Canadian Imperial Bank of Commerce. The broader banking industry is also subject to regulatory and political issues, such as changes in interest rates and financial regulations. 

Despite these challenges, TD Bank has identified growth opportunities in new markets and product areas. These include launching new digital banking services and expanding the bank's presence in key markets such as the United States and Asia. TD Bank has also made several acquisitions in recent years, including the addition of Scottrade Bank in 2017 and the purchase of Chrysler Financial in 2011.

However, TD Bank also faces several risks and challenges, such as changes in consumer preferences and increased competition from fintech startups. The bank's focus on sustainability and corporate responsibility also presents risks related to environmental and social factors, such as climate change and social inequality. There are also recession risks involved. TD Bank could face challenges if there is a downturn in the economy. 

TD Price History

TD Stock News Headlines

September 29, 2023 | msn.com
More Upside: Alimentation Couche-Tard or Canadian Bank Stocks?
September 29, 2023 | finance.yahoo.com
ISOENERGY ANNOUNCES UPSIZE OF MARKETED PRIVATE PLACEMENT TO UP TO $35 MILLION
September 29, 2023 | Behind the Markets (Ad)
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
September 27, 2023 | msn.com
The screen struggle is real and TD Bank is making its internal solution free to the public
September 27, 2023 | finance.yahoo.com
TD Lab launches accessibility tool for public use at no cost to help drive inclusive online experiences
September 25, 2023 | msn.com
Bank Stocks Look Like a Steal: Here’s My Favourite for October 2023
September 25, 2023 | msn.com
UOVEY vs. TD: Which Stock Is the Better Value Option?
September 22, 2023 | finance.yahoo.com
Free from TD Bank distraction, First Horizon Bank refocusing on Houston growth
September 29, 2023 | Behind the Markets (Ad)
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
September 21, 2023 | finance.yahoo.com
With 60% ownership, The Toronto-Dominion Bank (TSE:TD) boasts of strong institutional backing
September 18, 2023 | msn.com
Better Buy: Royal Bank of Canada Stock or Toronto-Dominion Bank?
September 13, 2023 | finance.yahoo.com
TD's US head says money-laundering probe 'manageable'
September 13, 2023 | seekingalpha.com
The Toronto-Dominion Bank (TD) Barclays 21st Annual Global Financial Services Conference (Transcript)
September 12, 2023 | markets.businessinsider.com
Credit Suisse Sticks to Their Buy Rating for Toronto Dominion Bank (TD)
September 6, 2023 | seekingalpha.com
The Toronto-Dominion Bank (TD) Scotiabank 24th Annual Financials Summit Conference (Transcript)
September 6, 2023 | msn.com
I Was Wrong About TD Bank
September 6, 2023 | finance.yahoo.com
TD Scholarship for Indigenous Peoples call for 2024 applications
September 1, 2023 | finance.yahoo.com
TD Asset Management Inc. Streamlines Suite of all-in-one TD ETF Portfolio Solutions
August 29, 2023 | finance.yahoo.com
Three-quarters of former Canadian students believe current students face more financial challenges than previous generations, new TD survey reveals
August 25, 2023 | finance.yahoo.com
The Toronto-Dominion Bank (NYSE:TD) Q3 2023 Earnings Call Transcript
August 25, 2023 | finance.yahoo.com
Toronto-Dominion (TD) Stock Falls Despite Decent Q3 Earnings
August 25, 2023 | markets.businessinsider.com
Analyst Expectations for Toronto-Dominion Bank's Future
August 25, 2023 | finance.yahoo.com
Fines, penalties possible for TD amid probes into its U.S. money laundering practices
August 25, 2023 | seekingalpha.com
Toronto-Dominion Vs. Royal Bank of Canada: Which Stock Is Better?
August 25, 2023 | markets.businessinsider.com
Toronto Dominion Bank (TD) Receives a Hold from Barclays
August 24, 2023 | financialpost.com
TD Bank misses expectations as profit falls and credit loss provisions climb
August 24, 2023 | msn.com
Toronto-Dominion Bank under DOJ probe related to anti-money laundering practices
See More Headlines
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TD Company Calendar

Ex-Dividend for 7/31 Dividend
7/07/2023
Dividend Payable
7/31/2023
Last Earnings
8/24/2023
Today
9/29/2023
Ex-Dividend for 10/31 Dividend
10/05/2023
Dividend Payable
10/31/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
12/07/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:TD
CUSIP
N/A
CIK
947263
Web
www.td.com
Phone
(416) 308-6963
Fax
416-982-6166
Employees
94,945
Year Founded
1855

Price Target and Rating

Average Stock Price Forecast
$88.83
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$81.00
Forecasted Upside/Downside
+46.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.77
Trailing P/E Ratio
10.51
Forward P/E Ratio
10.11
P/E Growth
2.03
Net Income
$13.54 billion
Net Margins
15.25%
Pretax Margin
18.45%
Return on Equity
15.17%
Return on Assets
0.81%

Debt

Debt-to-Equity Ratio
0.11
Current Ratio
1.00
Quick Ratio
1.00

Sales & Book Value

Annual Sales
$48.71 billion
Price / Sales
2.26
Cash Flow
$7.42 per share
Price / Cash Flow
8.18
Book Value
$41.95 per share
Price / Book
1.45

Miscellaneous

Outstanding Shares
1,811,710,000
Free Float
1,810,084,000
Market Cap
$109.90 billion
Optionable
Optionable
Beta
0.91

Social Links

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Key Executives

  • Mr. Bharat B. MasraniMr. Bharat B. Masrani (Age 66)
    Group Pres, CEO & Director
    Comp: $3.14M
  • Mr. Kelvin Vi Luan TranMr. 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 Pres & CEO of America's Most Convenient Bank
  • Mr. Michael G. Rhodes (Age 57)
    Group Head of Canadian Personal Banking
    Comp: $2.42M
  • Salma Salman
    Chief Accountant & Sr. VP of Fin.
  • Mr. Greg Keeley
    Sr. Exec. VP of Technology & Platforms
  • Ms. Judy Dinn
    Chief Information Officer
  • Ms. Brooke Hales
    Head of Investor Relations
  • Ms. Jane A. Langford
    Exec. VP & Gen. Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













TD Stock - Frequently Asked Questions

Should I buy or sell Toronto-Dominion Bank stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TD shares.
View TD analyst ratings or view top-rated stocks.

What is Toronto-Dominion Bank's stock price forecast for 2023?

6 Wall Street analysts have issued 12-month price targets for Toronto-Dominion Bank's stock. Their TD share price forecasts range from $81.00 to $94.00. On average, they anticipate the company's share price to reach $88.83 in the next twelve months. This suggests a possible upside of 46.4% from the stock's current price.
View analysts price targets for TD or view top-rated stocks among Wall Street analysts.

How have TD shares performed in 2023?

Toronto-Dominion Bank's stock was trading at $64.76 on January 1st, 2023. Since then, TD stock has decreased by 6.3% and is now trading at $60.66.
View the best growth stocks for 2023 here.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a increase in short interest in August. As of August 31st, there was short interest totaling 19,140,000 shares, an increase of 36.7% from the August 15th total of 14,000,000 shares. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is currently 8.6 days. Approximately 1.1% of the shares of the stock are short sold.
View Toronto-Dominion Bank's Short Interest.

When is Toronto-Dominion Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our TD earnings forecast.

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

The Toronto-Dominion Bank (NYSE:TD) released its quarterly earnings results on Thursday, August, 24th. The bank reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by $0.04. The bank earned $9.51 billion during the quarter, compared to analyst estimates of $9 billion. Toronto-Dominion Bank had a trailing twelve-month return on equity of 15.17% and a net margin of 15.25%.

How often does Toronto-Dominion Bank pay dividends? What is the dividend yield for Toronto-Dominion Bank?

Toronto-Dominion Bank announced a quarterly dividend on Thursday, August 24th. Shareholders of record on Friday, October 6th will be given a dividend of $0.725 per share on Tuesday, October 31st. This represents a $2.90 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for TD.

Is Toronto-Dominion Bank a good dividend stock?

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.90 per share and currently has a dividend yield of 4.82%. TD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 46.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TD.

What is Bharat Masrani's approval rating as Toronto-Dominion Bank's CEO?

2,459 employees have rated Toronto-Dominion Bank Chief Executive Officer Bharat Masrani on Glassdoor.com. Bharat Masrani has an approval rating of 86% among the company's employees.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Toronto-Dominion Bank investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), AT&T (T), Pfizer (PFE), Royal Bank of Canada (RY) and Rogers Communications (RCI).

What is Toronto-Dominion Bank's stock symbol?

Toronto-Dominion Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "TD."

How do I buy shares of Toronto-Dominion Bank?

Shares of TD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Toronto-Dominion Bank's stock price today?

One share of TD stock can currently be purchased for approximately $60.66.

How much money does Toronto-Dominion Bank make?

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $109.90 billion and generates $48.71 billion in revenue each year. The bank earns $13.54 billion in net income (profit) each year or $5.77 on an earnings per share basis.

How many employees does Toronto-Dominion Bank have?

The company employs 94,945 workers across the globe.

Does Toronto-Dominion Bank have any subsidiaries?
The following companies are subsidiares of Toronto-Dominion Bank: Epoch Investment Partners Inc., Greystone Managed Investments, Headlands Tech Global Markets LLC, Layer 6 AI, Meloche Monnex Inc., Primmum Insurance Company, Scottrade Bank, Security National Insurance Company, TD Ameritrade, TD Asset Administration UK Limited, TD Asset Management Inc., TD Auto Finance (Canada) Inc., TD Auto Finance LLC, TD Auto Finance Services Inc., TD Bank Europe Limited, TD Bank International S.A., TD Bank N.V., TD Bank National Association, TD Bank US Holding Company, TD Bank USA National Association, TD Direct Insurance Inc., TD Direct Investing (Europe) Limited, TD Equipment Finance Inc., TD Financial International Ltd., TD Financing Services Home Inc., TD Financing Services Inc., TD General Insurance Company, TD Global Finance, TD Global Finance Unlimited Company, TD Group US Holdings LLC, TD Home and Auto Insurance Company, TD Investment Services Inc., TD Ireland, TD Ireland Unlimited Company, TD Life Insurance Company, TD Luxembourg International Holdings, TD Mortgage Corporation, TD Pacific Mortgage Corporation, TD Private Client Wealth LLC, TD Reinsurance (Barbados) Inc., TD Securities (Japan) Co. Ltd., TD Securities (USA) LLC, TD Securities Inc., TD Securities Limited, TD Vermillion Holdings ULC, TD Waterhouse Canada Inc., TD Waterhouse Private Investment Counsel Inc., TD Wealth Holdings (UK) Limited, TD Wealth Management Services Inc., TDAM USA Inc., The Canada Trust Company, Thirdco II Limited, Toronto Dominion (New York) LLC, Toronto Dominion (South East Asia) Limited, Toronto Dominion (Texas) LLC, Toronto Dominion Australia Limited, Toronto Dominion Capital (U.S.A.) Inc., Toronto Dominion Holdings (U.K.) Limited, Toronto Dominion Holdings (U.S.A.) Inc., Toronto Dominion International Inc., and Toronto Dominion Investments B.V..
Read More
How can I contact Toronto-Dominion Bank?

Toronto-Dominion Bank's mailing address is Toronto-Dominion Centre, TORONTO A6, M5K 1A2. The official website for the company is www.td.com. The bank can be reached via phone at (416) 308-6963, via email at tdir@td.com, or via fax at 416-982-6166.

This page (NYSE:TD) was last updated on 9/29/2023 by MarketBeat.com Staff

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