The Toronto-Dominion Bank (TD) Research

The Toronto-Dominion Bank, along with its affiliated entities, delivers a comprehensive array of financial solutions and services across Canada, the United States, and various international markets. Its operations are structured into three primary divisions: Canadian Retail, U.S. Retail, and Wholesale Banking. For individual customers, the bank provides fundamental deposit products like checking, savings, and investment accounts. Businesses can access a suite of offerings including funding, investment management, cash flow solutions, international trade facilities, and everyday banking. Furthermore, TD offers point-of-sale financing options for major purchases such as automobiles and recreational vehicles. The institution also issues credit cards and facilitates payment processing. Its lending portfolio extends to real estate-backed loans, vehicle financing, and general consumer credit. Businesses, both large and small, benefit from its point-of-sale payment systems. Wealth and asset management products, coupled with financial guidance, are available to both individual and institutional clients through direct investment channels, advisory services, and dedicated asset management units. The bank also underwrites a variety of insurance products, encompassing property and casualty coverage, as well as life and health policies. In the realm of capital markets and corporate banking, TD assists corporations, government bodies, and institutional investors. This includes overseeing the issuance and distribution of new debt and equity securities, offering strategic advice on mergers and divestitures, and providing sophisticated trading, funding, and investment services. The company markets its diverse offerings under the TD Bank brand, and specifically as "America's Most Convenient Bank" in the United States. It maintains an extensive physical presence, with over 1,000 branches and more than 3,300 automated teller machines (ATMs) throughout Canada, complemented by approximately 1,100 "stores" and 2,700 ATMs in the U.S. Beyond its brick-and-mortar locations, the bank ensures accessibility through telephone, digital, and mobile banking platforms. A key strategic partnership also exists with Canada Post Corporation. Founded in 1855, The Toronto-Dominion Bank's global headquarters are situated in Toronto, Canada.

Market snapshot

Symbol
TD
Price
$119.29
Day change
+0.67%
Market cap
$278.6B
P/E ratio
18.78x
52-week range
70.5-120.27
Sector
Financial Services
Industry
Banks - Diversified
Next earnings
in 2 months
Analyst price target
$89.52

Recent news

  • TD Bank Lifts Dividend After Strong Quarter for Operations

    Toronto-Dominion Bank is lifting its dividend payout, joining other big Canadian banks in returning cash to investors following a strong underlying performance in the latest quarter.

  • Canada's Big Banks Expected to Post Solid Second Quarter, But Outlook in Focus on Soft Backdrop

    Soft economic conditions and greater uncertainty will take the spotlight as banks report earnings, shifting focus to credit-loss provisions.

  • Private Credit Is on the Hunt for Credit-Card Debt

    Fund managers are pouring billions of dollars into agreements to buy the future debt that consumers will incur.

Peer companies

  • Bank of America Corporation (BAC)
  • Bank of Montreal (BMO)
  • The Bank of Nova Scotia (BNS)
  • Citigroup Inc. (C)
  • Canadian Imperial Bank of Commerce (CM)
  • JPMorgan Chase & Co. (JPM)
  • Nu Holdings Ltd. (NU)
  • Royal Bank of Canada (RY)

Recent insider activity

  • Toronto Dominion Investments, Inc. — J-Other (500 shares) on 2023-12-07
  • Toronto Dominion Investments, Inc. — trade (0 shares) on 2023-07-13
  • Toronto Dominion Investments, Inc. — J-Other (200 shares) on 2023-07-17
  • Toronto Dominion Investments, Inc. — J-Other (360 shares) on 2022-12-20

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