Toronto Dominion Bank Stock Today

TD Stock  USD 60.64  1.01  1.69%   

Performance

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Odds Of Distress

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Toronto Dominion is trading at 60.64 as of the 28th of March 2024, a 1.69 percent increase since the beginning of the trading day. The stock's lowest day price was 59.8. Toronto Dominion has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Toronto Dominion Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
30th of August 1996
Category
Financial Services
Classification
Financials
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada. Toronto Dominion operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. The company has 1.77 B outstanding shares of which 10.43 M shares are at this time sold short in the market by investors with about 3.57 days to cover all shorted shares. More on Toronto Dominion Bank

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Toronto Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Toronto Dominion's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Toronto Dominion or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Toronto Dominion's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Toronto Dominion's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOBharat Masrani
Thematic Ideas
Showing 3 out of 4 themes
Business ConcentrationDiversified Banks, Banks - Diversified, Financial Services, NYSE Composite, SP TSX Composite, Thomson Reuters Canada, Banking, Momentum, Baby Boomer Prospects, Giant Impact, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Toronto Dominion report their recommendations after researching Toronto Dominion's financial statements, talking to executives and customers, or listening in on Toronto Dominion's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Toronto Dominion Bank. The Toronto consensus assessment is calculated by taking the average forecast from all of the analysts covering Toronto Dominion.
Financial Strength
Based on the analysis of Toronto Dominion's profitability, liquidity, and operating efficiency, Toronto Dominion Bank may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Toronto Dominion Bank is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00580.005
Fairly Up
Slightly volatile
Asset Turnover0.03470.0311
Moderately Up
Pretty Stable
Gross Profit Margin1.091.14
Sufficiently Down
Slightly volatile
Total Current Liabilities360.3 B343.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total189.5 B180.5 B
Sufficiently Up
Slightly volatile
Total Assets2.4 T2.3 T
Sufficiently Up
Slightly volatile
Total Current Assets232.9 B221.8 B
Sufficiently Up
Slightly volatile
Toronto Dominion's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Toronto Dominion's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Toronto Dominion's financial leverage. It provides some insight into what part of Toronto Dominion's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Toronto Dominion's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Toronto Dominion deploys its capital and how much of that capital is borrowed.
Liquidity
Toronto Dominion cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 411.43 B of total liabilities with total debt to equity ratio (D/E) of 15.2, which implies that the company may not be able to produce enough cash to satisfy its debt commitments. Debt can assist Toronto Dominion until it has trouble settling it off, either with new capital or with free cash flow. So, Toronto Dominion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Toronto Dominion Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Toronto to invest in growth at high rates of return. When we think about Toronto Dominion's use of debt, we should always consider it together with cash and equity.

Change In Cash

(2 Billion)
Toronto Dominion Bank (TD) is traded on New York Stock Exchange in USA. It is located in Toronto-Dominion Centre, Toronto, ON, Canada, M5K 1A2 and employs 103,179 people. Toronto Dominion is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a market capitalization of 107.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Toronto Dominion's market, we take the total number of its shares issued and multiply it by Toronto Dominion's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Toronto Dominion Bank is active under Banks sector as part of Financials industry. The entity has 1.77 B outstanding shares of which 10.43 M shares are at this time sold short in the market by investors with about 3.57 days to cover all shorted shares. Toronto Dominion Bank reports about 517.19 B in cash with (65.3 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 285.25.
Check Toronto Dominion Probability Of Bankruptcy
Ownership Allocation
Toronto Dominion Bank shows a total of 1.77 Billion outstanding shares. Over half of Toronto Dominion's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Toronto Dominion Bank. Please watch out for any change in the institutional holdings of Toronto Dominion as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Toronto Ownership Details

Toronto Stock Price Odds Analysis

What are Toronto Dominion's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Toronto Dominion jumping above the current price in 90 days from now is about 50.0%. The Toronto Dominion Bank probability density function shows the probability of Toronto Dominion stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.3251. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Toronto Dominion will likely underperform. Additionally, toronto Dominion Bank has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 60.64HorizonTargetOdds Above 60.64
49.57%90 days
 60.64 
50.00%
Based on a normal probability distribution, the odds of Toronto Dominion to move above the current price in 90 days from now is about 50.0 (This Toronto Dominion Bank probability density function shows the probability of Toronto Stock to fall within a particular range of prices over 90 days) .

Toronto Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Toronto Dominion that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Toronto Dominion's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Toronto Dominion's value.
InstituionRecorded OnShares
Cibc Global Asset Management Inc2023-12-31
17 M
Manufacturers Life Insurance Co2023-12-31
16.5 M
Beutel, Goodman & Company Ltd.2023-12-31
14.6 M
The Toronto-dominion Bank2023-12-31
13.9 M
Legal & General Group Plc2023-12-31
13.4 M
Goldman Sachs Group Inc2023-12-31
12.6 M
Jpmorgan Chase & Co2023-12-31
12.2 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
11.7 M
Bank Of America Corp2023-12-31
11.4 M
Royal Bank Of Canada2023-12-31
151.3 M
Bank Of Montreal2023-12-31
107.6 M
View Toronto Dominion Diagnostics

Toronto Dominion Historical Income Statement

Toronto Dominion Bank Income Statement is one of the three primary financial statements used for reporting Toronto's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Toronto Dominion Bank revenue and expense. Toronto Dominion Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Toronto Dominion's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 63.9 B, whereas Other Operating Expenses is projected to grow to (33.3 B). View More Fundamentals

Toronto Stock Against Markets

Picking the right benchmark for Toronto Dominion stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Toronto Dominion stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Toronto Dominion is critical whether you are bullish or bearish towards Toronto Dominion Bank at a given time. Please also check how Toronto Dominion's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Toronto Dominion without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Advice

Analyst recommendations and target price estimates broken down by several categories
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Toronto Dominion Corporate Directors

Toronto Dominion corporate directors refer to members of a Toronto Dominion board of directors. The board of directors generally takes responsibility for the Toronto Dominion's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Toronto Dominion's board members must vote for the resolution. The Toronto Dominion board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Nadir MohamedIndependent DirectorProfile
JeanRene HaldeIndependent DirectorProfile
Colleen GogginsIndependent DirectorProfile
John BraggIndependent DirectorProfile

How to buy Toronto Stock?

Before investing in Toronto Dominion, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Toronto Dominion. To buy Toronto Dominion stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Toronto Dominion. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Toronto Dominion stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Toronto Dominion Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Toronto Dominion Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Toronto Dominion Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Toronto Stock please use our How to Invest in Toronto Dominion guide.

Already Invested in Toronto Dominion Bank?

The danger of trading Toronto Dominion Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Toronto Dominion is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Toronto Dominion. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Toronto Dominion Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Toronto Dominion Bank is a strong investment it is important to analyze Toronto Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Toronto Dominion's future performance. For an informed investment choice regarding Toronto Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toronto Dominion Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Toronto Dominion Bank information on this page should be used as a complementary analysis to other Toronto Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Toronto Dominion's price analysis, check to measure Toronto Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Toronto Dominion is operating at the current time. Most of Toronto Dominion's value examination focuses on studying past and present price action to predict the probability of Toronto Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Toronto Dominion's price. Additionally, you may evaluate how the addition of Toronto Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Toronto Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Toronto Dominion. If investors know Toronto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Toronto Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.888
Dividend Share
3.9
Earnings Share
4.66
Revenue Per Share
27.824
Quarterly Revenue Growth
0.104
The market value of Toronto Dominion Bank is measured differently than its book value, which is the value of Toronto that is recorded on the company's balance sheet. Investors also form their own opinion of Toronto Dominion's value that differs from its market value or its book value, called intrinsic value, which is Toronto Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Toronto Dominion's market value can be influenced by many factors that don't directly affect Toronto Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Toronto Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Toronto Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Toronto Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.