Toronto Dominion Bank Stock Today
TD Stock | CAD 80.23 1.14 1.40% |
Performance0 of 100
| Odds Of DistressLess than 3
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Toronto Dominion is selling at 80.23 as of the 18th of March 2024; that is -1.4 percent decrease since the beginning of the trading day. The stock's open price was 81.37. Toronto Dominion has a very small chance of experiencing financial distress in the next few 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 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain Banks | Category Financial Services | Classification Financials |
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada. TORONTO DOMINION operates under BanksDiversified classification in Canada and is traded on Toronto Stock Exchange. The company has 1.77 B outstanding shares of which 51.1 M shares are at this time shorted by private and institutional investors with about 11.62 days to cover all short positions. More on Toronto Dominion Bank
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Follow Valuation Profit Patterns Odds of Bankruptcy
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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 |
CEO | Bharat Masrani | ||||
Thematic Idea | Investor Favorites (View all Themes) | ||||
Business Concentration | Diversified Banks, Banks - Diversified, Financial Services, Investor Favorites, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors) | ||||
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.
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Toronto Dominion Bank (TD) is traded on Toronto Exchange in Canada 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 current market capitalization of 143.88 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 classifies itself under Banks sector and is part of Financials industry. The entity has 1.77 B outstanding shares of which 51.1 M shares are at this time shorted by private and institutional investors with about 11.62 days to cover all short positions.
Toronto Dominion Bank has accumulated about 542.82 B in cash with (65.3 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 299.41.
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Ownership AllocationToronto 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.
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Toronto Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Toronto Dominion jumping above the current price in 90 days from now is about 82.38%. 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. Assuming the 90 days horizon Toronto Dominion has a beta of 0.8486. This usually implies as returns on the market go up, Toronto Dominion average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Toronto Dominion Bank will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Toronto Dominion Bank is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Toronto Dominion to move above the current price in 90 days from now is about 82.38 (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 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 this time, Toronto Dominion's EBITDA is very stable compared to the past year. As of the 18th of March 2024, Income Before Tax is likely to grow to about 15.8 B, while Depreciation And Amortization is likely to drop about 1.2 B. View More FundamentalsToronto 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.Did you try this?
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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.William Bennett | Independent Director | Profile | |
Nadir Mohamed | Independent Director | Profile | |
Alan MacGibbon | Independent Director | Profile | |
David Kepler | Independent Director | Profile |
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 Shape 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 estimate. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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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