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Toronto-Dominion Bank (TD) Competitors

C$80.45
+0.41 (+0.51%)
(As of 07/26/2024 ET)

TD vs. RY, BNS, HUT, BITF, WED, PTS, CARE, MSL, MCB, and DFS

Should you be buying Toronto-Dominion Bank stock or one of its competitors? The main competitors of Toronto-Dominion Bank include Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Hut 8 (HUT), Bitfarms (BITF), Westaim (WED), Points.com (PTS), Dialogue Health Technologies (CARE), Merus Labs International (MSL), McCoy Global (MCB), and Global Daily Fantasy Sports Inc. (DFS.V) (DFS). These companies are all part of the "banking" industry.

Toronto-Dominion Bank vs.

Toronto-Dominion Bank (TSE:TD) and Royal Bank of Canada (TSE:RY) are both large-cap financial services companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, risk, earnings, institutional ownership, community ranking, media sentiment, analyst recommendations, profitability and dividends.

In the previous week, Royal Bank of Canada had 1 more articles in the media than Toronto-Dominion Bank. MarketBeat recorded 4 mentions for Royal Bank of Canada and 3 mentions for Toronto-Dominion Bank. Royal Bank of Canada's average media sentiment score of 0.38 beat Toronto-Dominion Bank's score of 0.14 indicating that Royal Bank of Canada is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Toronto-Dominion Bank
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Royal Bank of Canada
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

60.1% of Toronto-Dominion Bank shares are held by institutional investors. Comparatively, 51.9% of Royal Bank of Canada shares are held by institutional investors. 0.1% of Toronto-Dominion Bank shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Royal Bank of Canada has a net margin of 28.61% compared to Toronto-Dominion Bank's net margin of 21.91%. Royal Bank of Canada's return on equity of 13.66% beat Toronto-Dominion Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Toronto-Dominion Bank21.91% 9.89% 0.58%
Royal Bank of Canada 28.61%13.66%0.78%

Royal Bank of Canada received 181 more outperform votes than Toronto-Dominion Bank when rated by MarketBeat users. Likewise, 59.35% of users gave Royal Bank of Canada an outperform vote while only 55.04% of users gave Toronto-Dominion Bank an outperform vote.

CompanyUnderperformOutperform
Toronto-Dominion BankOutperform Votes
568
55.04%
Underperform Votes
464
44.96%
Royal Bank of CanadaOutperform Votes
749
59.35%
Underperform Votes
513
40.65%

Toronto-Dominion Bank pays an annual dividend of C$4.08 per share and has a dividend yield of 5.1%. Royal Bank of Canada pays an annual dividend of C$5.52 per share and has a dividend yield of 3.6%. Toronto-Dominion Bank pays out 69.4% of its earnings in the form of a dividend. Royal Bank of Canada pays out 51.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Royal Bank of Canada has higher revenue and earnings than Toronto-Dominion Bank. Toronto-Dominion Bank is trading at a lower price-to-earnings ratio than Royal Bank of Canada, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Toronto-Dominion BankC$51.50B2.75C$10.75BC$5.8813.68
Royal Bank of CanadaC$53.51B4.04C$15.06BC$10.7114.30

Toronto-Dominion Bank presently has a consensus target price of C$86.97, suggesting a potential upside of 8.10%. Royal Bank of Canada has a consensus target price of C$145.71, suggesting a potential downside of 4.85%. Given Toronto-Dominion Bank's higher possible upside, equities research analysts plainly believe Toronto-Dominion Bank is more favorable than Royal Bank of Canada.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Toronto-Dominion Bank
2 Sell rating(s)
4 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.53
Royal Bank of Canada
2 Sell rating(s)
4 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.59

Toronto-Dominion Bank has a beta of 0.82, suggesting that its stock price is 18% less volatile than the S&P 500. Comparatively, Royal Bank of Canada has a beta of 0.83, suggesting that its stock price is 17% less volatile than the S&P 500.

Summary

Royal Bank of Canada beats Toronto-Dominion Bank on 16 of the 20 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding TD and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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TD vs. The Competition

MetricToronto-Dominion BankBanks IndustryFinancial SectorTSE Exchange
Market CapC$141.59BC$78.69BC$3.16BC$5.51B
Dividend Yield5.30%4.84%4.62%5.95%
P/E Ratio13.68170.08484.0224.58
Price / Sales2.7581.981,797.721,611.47
Price / Cash0.290.1749.9780.06
Price / Book1.321.141.473.50
Net IncomeC$10.75BC$7.99BC$397.20MC$287.84M
7 Day Performance1.30%0.13%0.28%0.75%
1 Month Performance7.08%2.75%1.83%4.99%
1 Year Performance-6.34%45.36%13.68%28.43%

Toronto-Dominion Bank Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
RY
Royal Bank of Canada
1.8223 of 5 stars
1.82 / 5 stars
C$152.33
+0.1%
C$145.71
-4.3%
+17.6%C$214.79BC$53.51B14.2291,400Dividend Increase
BNS
Bank of Nova Scotia
1.8622 of 5 stars
1.86 / 5 stars
C$63.56
-0.8%
C$66.70
+4.9%
-3.5%C$78.18BC$29.52B10.4991,000Positive News
HUT
Hut 8
0 of 5 stars
0.00 / 5 stars
C$27.65
+0.9%
N/A+345.4%C$2.50BC$157.30M-25.8440News Coverage
BITF
Bitfarms
1.1798 of 5 stars
1.18 / 5 stars
C$3.77
+1.1%
C$7.50
+98.9%
+58.1%C$1.42BC$146.37M-6.85110News Coverage
Gap Up
WED
Westaim
0.7942 of 5 stars
0.79 / 5 stars
C$4.05
+0.2%
C$4.75
+17.3%
+11.9%C$522.33MC$142.79M3.583,240Positive News
PTS
Points.com
0 of 5 stars
0.00 / 5 stars
N/AN/AN/AC$480.57MC$432.40M169.26240,000News Coverage
CARE
Dialogue Health Technologies
0.4065 of 5 stars
0.41 / 5 stars
N/AC$5.15
+∞
N/AC$345.36MC$95.88M-17.13730News Coverage
MSL
Merus Labs International
0 of 5 stars
0.00 / 5 stars
C$1.65
+0.6%
N/AN/AC$193.64MN/A0.00474
MCB
McCoy Global
0 of 5 stars
0.00 / 5 stars
C$2.11
-2.3%
N/A+35.4%C$56.95MC$69.69M9.17240Gap Up
DFS
Global Daily Fantasy Sports Inc. (DFS.V)
0 of 5 stars
0.00 / 5 stars
C$0.29
-9.5%
N/A+0.0%C$50.20MC$6,139.00-10.1820,200

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This page (TSE:TD) was last updated on 7/27/2024 by MarketBeat.com Staff

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