TD - The Toronto-Dominion Bank
After hours:
| Previous close | 57.46 |
| Open | 57.96 |
| Bid | 55.09 x 1800 |
| Ask | 63.00 x 3100 |
| Day's range | 57.89 - 58.81 |
| 52-week range | 55.43 - 77.04 |
| Volume | |
| Avg. volume | 2,757,874 |
| Market cap | 108.049B |
| Beta (5Y monthly) | 0.84 |
| PE ratio (TTM) | 9.88 |
| EPS (TTM) | 5.95 |
| Earnings date | 24 Aug 2023 |
| Forward dividend & yield | 2.84 (4.95%) |
| Ex-dividend date | 07 Jul 2023 |
| 1y target est | 71.85 |
CNW GroupMedia Advisory - TD Bank Group to host Investor Day
TD Bank Group ("TD" or the "Bank") will host an Investor Day in Toronto on Thursday, June 8, 2023.
ReutersTD to build U.S. business brick by brick, after First Horizon set back
TORONTO (Reuters) -Canada's no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world's biggest banking market suffered a setback this month, a top official told Reuters on Thursday. TD has made U.S. growth a key priority as it deals with a saturated market at home and had pinned its hopes on $13.4 billion bid for regional lender First Horizon, but that was scrapped after hitting regulatory hurdles. With about $18 billion in excess capital, it now plans to focus on opening branches and building its wealth business in the U.S., Chief Financial Officer Kelvin Tran said in the first comments since the First Horizon deal was pulled.
CNW GroupTD Bank Group Announces Intention to Repurchase for Cancellation up to 30 Million of its Common Shares
TD Bank Group (TD) (TSX: TD) announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX), it intends to launch a normal course issuer bid to repurchase for cancellation up to 30 million of its common shares, representing approximately 1.6% of the 1,839,578,436 common shares issued and outstanding as of April 30, 2023. TD will file a notice of intention with the TSX in this regard.
CNW GroupTD BANK GROUP DECLARES DIVIDENDS
The Toronto-Dominion Bank (the "Bank") today announced that a dividend in an amount of ninety-six cents (96 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending July 31, 2023, payable on and after July 31, 2023, to shareholders of record at the close of business on July 10, 2023.
CNW GroupTD Bank Group Reports Second Quarter 2023 Results
TD Bank Group ("TD" or the "Bank") today announced its financial results for the second quarter ended April 30, 2023. Reported earnings were $3.4 billion, down 12% compared with the second quarter last year, and adjusted earnings were $3.8 billion, up 1%.
- Investing.com
TD Bank reports second-quarter income miss and issues medium-term profit warning
Investing.com -- TD Bank (NYSE:TD) (TSX:TD) reported a decline in second-quarter income that missed expectations and warned that it does not expect to meet its previously outlined earnings target, as Canada's second-largest lender was hit by broader economic pressures and a terminated tie-up with First Horizon (NYSE:FHN).
CNW Group/R E P E A T -- Media Advisory - TD Bank Group to release second quarter financial results/
TD Bank Group ("TD" or the "Bank") will release its second quarter financial results and host an earnings conference call on Thursday, May 25, 2023.
ZacksToronto Dominion Bank (The) (TD) Is a Trending Stock: Facts to Know Before Betting on It
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CNW GroupTD Asset Management Inc. Announces TD ETF Distributions
TD Asset Management Inc. ("TDAM") today announced the May cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as at May 30, 2023 will receive a cash distribution per unit of the applicable TD ETF that will be payable on June 6, 2023, as indicated below:
ZacksFirst Horizon (FHN)-TD Deal Canceled Amid Banking Crisis
First Horizon (FHN) and Toronto-Dominion (TD) mutually call off the merger deal on unprecedented delays in getting regulatory approvals.
CNW GroupTD Announces Revised and Extended Long-term IDA Agreement with Schwab
TD Bank Group ("TD" or "the Bank") (TSX: TD) (NYSE: TD) today confirmed it entered into an amended Insured Deposit Account (IDA) Agreement with The Charles Schwab Corporation ("Schwab"). TD and Schwab amended the IDA to reflect the current market and interest rate environment. In comparison to the existing agreement, the revised agreement extends the term by three years to July 1, 2034, and provides for lower deposit balances in its first six years, for higher balances in the latter years. Speci
Motley FoolWhy Toronto-Dominion Bank Stock Beat the Market Today
Investors continued to be skittish about bank stocks on Thursday, which was understandable given the continuing turmoil with regional lenders. One member of that group escaped the clutches of the bear that day, however: Toronto-Dominion (NYSE: TD). Wisely, Toronto-Dominion and the lender currently in its sights, First Horizon (NYSE: FHN), announced Thursday they are terminating their merger agreement.
The TelegraphUS bank shares plunge as PacWest fuels crisis fears
Turmoil in the US banking sector deepened on Thursday after PacWest became the latest regional lender to seek a financial lifeline.
Yahoo Finance VideoFirst Horizon, TD Bank terminate merger agreement
Yahoo Finance Live’s Ines Ferre reports that First Horizon and TD Bank have agreed to terminate their merger deal.
Yahoo Finance VideoInflation: ‘The Fed is going to keep its foot on the gas,’ TD Cowen president says
Cowen CEO Jeff Solomon joins Yahoo Finance Live’s Brian Sozzi at the Milken Institute’s 26th annual Global Conference in Beverly Hills, CA, to discuss TD Bank’s acquisition of Cowen Inc., banking turmoil, the expectations for a recession, and the outlook for TD Cowen.
CNW GroupTD Bank and First Horizon Mutually Agree to Terminate Merger Agreement
TD Bank Group (TSX: TD) (NYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon. Because there is uncertainty as to when and if these regulatory approvals can
- Investing.com
TD Bank, First Horizon mutually agree to terminate merger deal
Investing.com -- U.S. lender First Horizon National Corporation (NYSE:FHN) and Canada's TD Bank (TSX:TD) have agreed to end their previously announced $13.4 billion merger, the companies said on Thursday, terminating a deal that had already been facing pressure following the onset of a recent crisis in regional banks.
ZacksToronto Dominion Bank (The) (TD) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Toronto-Dominion (TD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Yahoo Finance VideoCEOs weigh in on banking crisis
Yahoo Finance is at the Milken Institute Global Conference 2023 in Beverly Hills, CA. We spoke with top CEOs and executives, including Citi CEO Jane Fraser, and others, to discuss the state of the market, private equity, the outlook for regional banking, and more. As a result of the banking crisis, Apollo Global Management CEO Marc Rowan thinks that "people are going to have to figure out how to be good investors going forward." Citi CEO Jane Fraser sees investors starting to pay more attention to the banking crisis, and hopes "that will act as an impetus to get this resolved in a bipartisan way." Regarding the banking crisis, TD Cowen President Jeff Solomon believes that "this phase of any crisis is over." (Disclosure: Apollo is the parent company of Yahoo Finance.) Video highlights: 00:00:03 - Apollo Global Management (APO) CEO Marc Rowan 00:00:36 - Citi (C) CEO Jane Fraser 00:01:08 - TD (TD) Cowen President Jeff Solomon Special Coverage: Highlights, big interviews, and more from the Milken Institute Global Conference
CNW GroupTD Asset Management Inc. launches a Canadian Bank ETF and expands its ETF lineup with two new currency hedged offerings
Today, TD Asset Management Inc. (TDAM) announced the addition of three new TD Exchange-Traded Funds (TD ETFs) to its expanding solution suite.
CNW GroupTD Bank Group Announces Election of Directors
TD Bank Group (TD) (TSX: TD) and (NYSE: TD) announced today that the nominees listed in the management proxy circular dated February 21, 2023 were elected as directors of TD. The detailed results of the vote for the election of directors held at its Annual Meeting of Common Shareholders earlier today are set out below.
ReutersShort positions on Canada's TD Bank rise to $6.1 billion, ORTEX data shows
Analysts attributed the short bets to the TD's planned acquisition of U.S. lender First Horizon. The transaction has come under scrutiny since the collapse last month of U.S. regional lenders Silicon Valley Bank and Signature Bank, and some shareholders have urged TD to drop the deal or renegotiate a lower price. "I think that short interest was elevated by arbitrage investors betting on the (First Horizon) deal ... suggesting that the market believes that the deal is at risk of closing," said James Shanahan, an analyst at Edward Jones.
CNW GroupTD Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 18 (NVCC)
The Toronto-Dominion Bank ("TD Bank Group" or "TD") announced today that none of its 14 million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 18 (Non-Viability Contingent Capital (NVCC)) (the "Series 18 Shares") will be converted on May 1, 2023 (being the first business day following the conversion date of April 30, 2023) into Non-Cumulative Floating Rate Preferred Shares, Series 19 (Non-Viability Contingent Capital (NVCC)) (the "Series 19 Shares") of TD.
CNW GroupTD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's First Quarter Earnings
TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") first quarter earnings to translate into approximately CDN $241 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2023 second quarter. Excluding acquisition-related charges of approximately CDN $12 million after-tax and amortization of acquired intangibles of approximately CDN $30 million after-tax, adjusted equity in net income of an investment in Schwab
Yahoo Finance VideoResults season will be a 'bit of a head fake', says strategist
Investors banking on strong corporate results to lift stocks need to watch out for the "canary in the coal mine" says Ben Laidler, eToro global markets strategist. He tells Yahoo Finance’s Rachelle Akuffo to expect a “down earnings season” in the first quarter as he laid out his roadmap for how he thinks corporate results will shakeout in the wake of March's banking turmoil. Laidler says reported numbers are “going to look good,” with the strongest earnings to come from “small caps, the cyclicals, consumer discretionary names.” However he suggests looking under the hood, as those companies could suffer the most in an economic slowdown. That's “inevitably coming” he adds, labelling this results season as a “little bit of a head fake.” Laidler says his fear is “what comes next”, anticipating “downbeat” guidance in earnings reports. Specifically in focus for Laidler is the tightening of lending conditions by banks. This has been the topic of some debate in recent weeks, with the likes of Treasury Secretary Janet Yellen and the IMF seemingly on different pages. He clarifies he wouldn’t consider the turmoil following SVB and Signature Bank’s collapses a “crisis,” but instead a “banking scare.” More an issue of individual banks “rather than the system,” but still with real macroeconomic consequences. Commodities in particular are “particularly sensitive” to the slowdown of growth. We have yet to see the final fallout from the banking turmoil, and Laidler encourages all to monitor earnings as they're reported this week. Key Video Moments: 00:00:25 - Commodities are the "canary in the coal mine" for slowdown in growth 00:00:56 - Tech, healthcare remain defensive 00:01:24 - Reported numbers will look "good" for earnings season 00:01:48 - Guidance will be more downbeat, looking ahead 00:02:00 - Best earnings will come from companies that will suffer the most from economic slowdown For more of Rachelle’s conversation with Ben Laidler, click here.