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Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
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NYSE:TD

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

$58.77
+1.31 (+2.28%)
(As of 06/2/2023 ET)
Compare
Today's Range
$57.87
▼
$58.82
50-Day Range
$56.60
▼
$62.25
52-Week Range
$55.43
▼
$77.04
Volume
1.81 million shs
Average Volume
2.05 million shs
Market Capitalization
$108.11 billion
P/E Ratio
9.86
Dividend Yield
4.83%
Price Target
$100.57
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Toronto-Dominion Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
71.1% Upside
$100.57 Price Target
Short Interest
Healthy
0.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.08mentions of Toronto-Dominion Bank in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.93%
From $6.08 to $6.38 Per Share

Overall MarketRank™

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

2.66 out of 5 stars

Finance Sector

292nd out of 873 stocks

Commercial Banks, Not Elsewhere Classified Industry

11th out of 31 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. 

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TD Stock News Headlines

May 4, 2023 | marketbeat.com
PacWest, First Horizon Shares Plummet On Continued Bank Worries (TD)
Shares of PacWest Bancorp fell by over 41% as the company said it was in talks with investors, sparking concerns over the financial health of regional banks.
June 1, 2023 | americanbankingnews.com
Toronto-Dominion Bank (NYSE:TD) Raised to "Hold" at StockNews.com
June 3, 2023 | Stocks To Trade (Ad)
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May 31, 2023 | fool.com
Toronto-Dominion Bank (TSX: TD)
May 31, 2023 | finance.yahoo.com
TD Bank adding first Philadelphia branch in 4 years, scouts for more
May 31, 2023 | americanbankingnews.com
Q3 2023 EPS Estimates for The Toronto-Dominion Bank Decreased by Desjardins (NYSE:TD)
May 30, 2023 | americanbankingnews.com
Cormark Weighs in on The Toronto-Dominion Bank's Q3 2023 Earnings (NYSE:TD)
May 30, 2023 | americanbankingnews.com
Q3 2023 EPS Estimates for The Toronto-Dominion Bank Lowered by National Bank Financial (NYSE:TD)
June 3, 2023 | Stocks To Trade (Ad)
15 A.I. Trading Opportunities a Day
Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.
May 27, 2023 | msn.com
Toronto Dominion Bank (TD) Declares $0.96 Dividend
May 27, 2023 | americanbankingnews.com
The Toronto-Dominion Bank (NYSE:TD) Declares $0.71 Quarterly Dividend
May 26, 2023 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: Toronto Dominion Bank (TD) and Essex Property (ESS)
May 26, 2023 | seekingalpha.com
Toronto-Dominion: Near-Term Uncertainties Offset By Long-Term Optionality
May 26, 2023 | msn.com
Toronto-Dominion Bank Closes Down 4.19%
May 26, 2023 | finance.yahoo.com
RPT-FOCUS-TD to build U.S. business brick by brick, after First Horizon set back
May 26, 2023 | seekingalpha.com
The Toronto-Dominion Bank 2023 Q2 - Results - Earnings Call Presentation
May 26, 2023 | americanbankingnews.com
Cormark Weighs in on The Toronto-Dominion Bank's Q2 2023 Earnings (NYSE:TD)
May 26, 2023 | msn.com
TD Bank Stock (TSE:TD) Falls after Missing Q2 Earnings Estimates
May 25, 2023 | msn.com
TD Bank fiscal Q2 earnings decline as Wealth, Insurance, Wholesale slip
May 25, 2023 | finance.yahoo.com
FOCUS-TD to build U.S. business brick by brick, after First Horizon set back
May 25, 2023 | ca.finance.yahoo.com
TD to build U.S. business brick by brick, after First Horizon set back
May 25, 2023 | marketwatch.com
Toronto-Dominion Bank 2Q Profit Falls as Provisions for Credit Losses Rise
May 25, 2023 | marketwatch.com
TD Bank Plans to Buy Back Up to 30 Million Shares
May 25, 2023 | markets.businessinsider.com
TD Bank To Repurchase Up To 30 Mln Shares; Declares Dividend
May 25, 2023 | finance.yahoo.com
Toronto-Dominion Bank (TD) Lags Q2 Earnings Estimates
May 24, 2023 | msn.com
Toronto-Dominion Bank Closes Down 1.85%
May 24, 2023 | msn.com
Earnings Outlook For Toronto-Dominion Bank
See More Headlines

TD Price History

TD Company Calendar

Last Earnings
12/02/2021
Ex-Dividend for 4/30 Dividend
4/05/2023
Dividend Payable
4/30/2023
Today
6/03/2023
Ex-Dividend for 7/31 Dividend
7/07/2023
Dividend Payable
7/31/2023
Next Earnings (Estimated)
8/24/2023
Fiscal Year End
10/31/2023
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
$100.57
High Stock Price Forecast
$106.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+71.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.96
Trailing P/E Ratio
9.86
Forward P/E Ratio
9.67
P/E Growth
1.52
Net Income
$13.54 billion
Net Margins
17.72%
Pretax Margin
21.21%
Return on Equity
15.51%
Return on Assets
0.82%

Debt

Debt-to-Equity Ratio
0.11
Current Ratio
0.99
Quick Ratio
0.99

Sales & Book Value

Annual Sales
$48.71 billion
Price / Sales
2.22
Cash Flow
$7.52 per share
Price / Cash Flow
7.81
Book Value
$42.89 per share
Price / Book
1.37

Miscellaneous

Outstanding Shares
1,839,580,000
Free Float
1,837,922,000
Market Cap
$108.11 billion
Optionable
Optionable
Beta
0.88

Social Links


Key Executives

  • Bharat B. MasraniBharat B. Masrani
    Group President, CEO & Non-Independent Director
  • Kelvin Vi Luan TranKelvin Vi Luan Tran
    Chief Financial Officer & Senior Executive VP
  • Greg Keeley
    Senior Executive VP-Technology & Platforms
  • Kenneth W. Lalonde
    Chief Human Resources Officer & Senior EVP
  • Jane A. Langford
    Executive Vice President & General 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?

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

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

7 brokers have issued 12-month target prices for Toronto-Dominion Bank's stock. Their TD share price forecasts range from $93.00 to $106.00. On average, they anticipate the company's share price to reach $100.57 in the next twelve months. This suggests a possible upside of 71.1% 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 at the beginning of 2023. Since then, TD stock has decreased by 9.2% and is now trading at $58.77.
View the best growth stocks for 2023 here.

Are investors shorting Toronto-Dominion Bank?

Toronto-Dominion Bank saw a decrease in short interest in April. As of April 30th, there was short interest totaling 10,480,000 shares, a decrease of 72.0% from the April 15th total of 37,390,000 shares. Based on an average trading volume of 2,590,000 shares, the short-interest ratio is currently 4.0 days. Approximately 0.6% of the company's stock are sold short.
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, August 24th 2023.
View our TD earnings forecast.

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

The Toronto-Dominion Bank (NYSE:TD) posted its earnings results on Thursday, December, 2nd. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.06. The bank earned $10.94 billion during the quarter, compared to the consensus estimate of $9.90 billion. Toronto-Dominion Bank had a net margin of 17.72% and a trailing twelve-month return on equity of 15.51%. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 EPS.

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

Toronto-Dominion Bank declared a quarterly dividend on Thursday, May 25th. Stockholders of record on Monday, July 10th will be paid a dividend of $0.709 per share on Monday, July 31st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, July 7th.
Read our dividend analysis for TD.

What ETFs hold Toronto-Dominion Bank's stock?

ETFs with the largest weight of Toronto-Dominion Bank (NYSE:TD) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), Dimensional International Core Equity Market ETF (DFAI), Global X Conscious Companies ETF (KRMA), Dimensional International Core Equity 2 ETF (DFIC),

Is Toronto-Dominion Bank a good dividend stock?

Toronto-Dominion Bank (NYSE:TD) pays an annual dividend of $2.84 per share and currently has a dividend yield of 4.94%. 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 47.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TD will have a dividend payout ratio of 44.51% 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."

Who are Toronto-Dominion Bank's major shareholders?

Toronto-Dominion Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FIL Ltd (1.82%), National Bank of Canada FI (1.68%), Mackenzie Financial Corp (1.61%), 1832 Asset Management L.P. (1.33%), CIBC Asset Management Inc (0.94%) and JPMorgan Chase & Co. (0.87%).

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 $58.77.

How much money does Toronto-Dominion Bank make?

Toronto-Dominion Bank (NYSE:TD) has a market capitalization of $108.11 billion and generates $48.71 billion in revenue each year. The bank earns $13.54 billion in net income (profit) each year or $5.96 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 6/3/2023 by MarketBeat.com Staff

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