|Bid||43.79 x 900|
|Ask||43.80 x 1200|
|Day's range||43.07 - 43.85|
|52-week range||33.74 - 59.55|
|Beta (5Y monthly)||0.70|
|PE ratio (TTM)||9.70|
|Forward dividend & yield||2.28 (5.32%)|
|Ex-dividend date||08 Apr 2020|
|1y target est||64.12|
Investors and analysts are bracing for massive earnings declines at Canadian banks this fiscal year, after second-quarter profits halved as they set aside billions of dollars to cover loan losses from the coronavirus pandemic and a struggling energy sector. Market watchers warned that the nearly four-fold increase in provisions, to nearly C$11 billion ($8 billion), in the three months through April may not be adequate to absorb potential loan losses at some of the top six banks, with further increases likely to weigh on performance this year. "This was the most negative quarter that I can recall seeing in 25 years," said Brian Madden, a portfolio manager at Goodreid Investment Counsel.
TORONTO , May 28, 2020 /CNW/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of seventy-nine cents ( 79 cents ) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending July 31, 2020 , payable on and after July 31, 2020 , to shareholders of record at the close of business on July 10, 2020 . In lieu of receiving their dividends in cash, holders of the Bank's common shares may choose to have their dividends reinvested in additional common shares of the Bank in accordance with the Dividend Reinvestment Plan (the "Plan").
TD Bank Announces Redemption of 2.692% Medium Term Notes (Non-Viability Contingent Capital (NVCC))
TORONTO , May 8, 2020 /CNW/ - The Toronto-Dominion Bank (the "Bank") notes that each of TD Bank, N.A. ("TDBNA") and TD Bank USA ("TDUSA" and, collectively with TDBNA, the "US Banks") has provided to the Federal Deposit Insurance Corporation (the "FDIC") for publication the regulatory Report of Condition and Income (the "Call Report") for the three-month period ended March 31 , 2020. The Call Reports are part of the US Banks' calendar-quarter regulatory reporting requirements in the U.S. and do not comprise the Bank's second fiscal quarter consolidated financial results, which are scheduled to be released on May 28 , 2020. Furthermore, information included in the Call Reports is reported under US GAAP for the calendar quarter, whereas the Bank's financial results will be reported under International Financial Reporting Standards ("IFRS") for the three-month period ended April 30, 2020 .
The TD Community Resilience Initiative Allocates $25 Million to Organizations Engaged In COVID-19 Response and Community Recovery
TD Bank Group Comments on Expected Impact of TD Ameritrade Holding Corp.'s Second Quarter Earnings
Small-business owners share their frustrating experiences applying for loans through the government's new Payment Protection Program.
TORONTO , April 3, 2020 /CNW/ - In response to COVID-19, TD has made unprecedented efforts to support Canadians during this difficult period, providing deferrals, credit relief and other solutions to tens of thousands of Canadians in financial need. Today TD is announcing more relief through our TD Helps program by reducing credit card interest rates by 50% for customers facing financial hardship. "Over the last few weeks, everyone across TD has been coming together in extraordinary ways to support Canadians through the crisis," said Teri Currie , Group Head, Personal Banking.
Toronto-Dominion Bank <TD.TO> has approved 60,000 requests for mortgage deferrals received so far as part of efforts to ease the impact of the COVID-19 outbreak on borrowers, the bank's chief executive officer said on Thursday. Talking to media after the bank's annual shareholder meeting, TD CEO Bharat Masrani pointed to expectations that the crisis should abate within a few months to play down the risk that borrowers may be unable to repay loans beyond the six-month mortgage deferral.
TORONTO , March 25, 2020 /CNW/ - To help keep customers, colleagues and communities safe, TD encourages Canadians to bank digitally and avoid coming into branches. For urgent matters that require in-person assistance, TD will dedicate the first opening hour to serve seniors, those who need extra assistance and populations with greater health risk.
The decision to no longer host the in-person component of the meeting reflects the Bank's efforts to contain the spread of the COVID-19 coronavirus and prioritize and support the well-being of our customers, shareholders and colleagues. Live coverage of the meeting will include presentations from Brian Levitt , Chair of the Board, TD Bank Group and Bharat Masrani, Group President and CEO, TD Bank Group.
Joint Statement By Canadian Banks and Life Insurance Companies Regarding Annual Meeting Planning