Toronto-Dominion Bank Stock News

TD Bank gets a hold/neutral rating today, in line with the SA quant system rating. Positives: Share price vs 200-day SMA, dividend yield vs sector average, capital & liquidity position. Headwinds: Valuation high vs sector average, lack of YoY net income growth.

BURLINGTON, Vt., July 14, 2023 /PRNewswire/ -- The TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank® , today announced a grant of $150,000 to support flood relief efforts in Vermont.

The Toronto-Dominion Bank and Royal Bank of Canada are set to release earnings in mid-to-late August, following strong Q2 results from U.S. banks. Canada's inverted yield curve could squeeze margins and impact profitability at these banks. Toronto-Dominion Bank has better capital, liquidity, and stable funding ratios than Royal Bank does.

TD owns a minority stake in Charles Schwab, which has been under pressure this year. The bank had to abandon its plan to acquire First Horizon Corp. Investors also had credit quality concerns.

Toronto-Dominion dominates banking in Canada alongside the other big five. On a valuation level, the big six are finally starting to get attractive. We look at risks from the elephant in the room, the unhinged housing market.

The Office of the Superintendent of Financial Institutions has warned Canadian banks to be cautious about extending mortgages after the Bank of Canada raised its policy rate to 4.75%. Toronto-Dominion Bank is relatively insulated from these challenges due to its substantial exposure to the U.S. retail banking and brokerage services. Toronto-Dominion's U.S. exposure is considered a positive due ...

Johnson & Johnson, Toronto-Dominion Bank, and Verizon Communications pay attractive, above-average dividend yields. These three businesses are leading companies within their respective industries.

TD Bank Group CEO Bharat Masrani said he was confident the bank, Canada's second biggest lender, would resolve issues with regulators that led to the collapse of its planned $13.4 billion acquisition of regional lender First Horizon.