The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, 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 company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
Toronto-Dominion Bank Stock Down 0.8 %
NYSE:TD opened at $64.25 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $116.08 billion, a P/E ratio of 10.01, a P/E/G ratio of 1.29 and a beta of 0.95. Toronto-Dominion Bank has a one year low of $58.64 and a one year high of $86.01. The stock has a 50 day moving average price of $66.43 and a 200-day moving average price of $73.73.
Toronto-Dominion Bank (NYSE:TD - Get Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, May 26th. The bank reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. The company had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $10.18 billion. Toronto-Dominion Bank had a return on equity of 15.98% and a net margin of 24.49%. Toronto-Dominion Bank's revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. As a group, equities analysts predict that Toronto-Dominion Bank will post 6.4 EPS for the current fiscal year.
Toronto-Dominion Bank Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Friday, July 8th were given a $0.692 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $2.77 dividend on an annualized basis and a yield of 4.31%. Toronto-Dominion Bank's dividend payout ratio is presently 43.15%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on TD shares. Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a report on Friday, May 20th. National Bank Financial increased their target price on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a report on Friday, May 27th. Credit Suisse Group increased their target price on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a report on Friday, May 27th. Finally, Stifel Nicolaus reduced their target price on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $100.66.