|Bid||76.15 x 0|
|Ask||76.16 x 0|
|Day's Range||75.55 - 76.37|
|52 Week Range||65.56 - 80.05|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||12.60|
|Earnings Date||Feb 28, 2018 - Mar 5, 2018|
|Forward Dividend & Yield||2.96 (3.87%)|
|1y Target Est||83.21|
Here’s why you should consider buying Toronto-Dominion Bank (TSX:TD)(NYSE:TD) for total returns and a growing dividend.
Defensive stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) may have what it takes to weather a market downturn.
Canadian National Railway Company (TSX:CNR)(NYSE:CNI) and Toronto Dominion Bank (TSX:TD)(NYSE:TD) are two of Canada's top stocks. Is one a better bet today?
TORONTO, May 24, 2019 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") today announced that as a result of strong investor demand for its previously announced domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the "Series 24 Shares"), the size of the offering has been increased to 18 million Series 24 Shares. The gross proceeds of the offering will now be $450 million. The offering will be underwritten by a group of underwriters led by TD Securities Inc. The expected closing date is June 4, 2019. TD will make an application to list the Series 24 Shares as of the closing date on the Toronto Stock Exchange. The net proceeds of the offering will be used for general corporate purposes. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank").
With a firmly established U.S. banking business that is thriving and a resilient Canadian business, Toronto-Dominion Bank (TSX:TD)(NYSE:TD) stock is a solid dividend stock for your income needs.
TORONTO, May 24, 2019 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") today announced a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the "Series 24 Shares"). Subject to regulatory approval, on July 31, 2024 and on July 31 every 5 years thereafter, TD may redeem the Series 24 Shares, in whole or in part, at $25.00 per share. Subject to TD's right of redemption and certain other conditions, holders of the Series 24 Shares will have the right to convert their shares into Non-Cumulative Floating Rate Preferred Shares (NVCC), Series 25 (the "Series 25 Shares"), on July 31, 2024, and on July 31 every five years thereafter. Holders of the Series 25 Shares will be entitled to receive quarterly floating rate dividends, as and when declared by the Board of Directors of TD, equal to the three-month Government of Canada Treasury Bill yield plus 3.56%.
With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and U.S. operations are doing more to increase earnings than their mainstay of domestic consumer lending. “Canadian banking has got the blahs,” said David Baskin, whose Baskin Wealth Management oversees assets totaling C$1.2 billion ($890 million). “I’m not surprised that the domestic operations are pretty flat.
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Investing can be an intimidating process, but it doesn't have to be. Follow these three simple tips and learn how to make your first investment a profitable one. Buy shares in dividend-paying stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD).
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) announced earnings for the second quarter of 2019, making what was already a good buy a great long-term one.
TORONTO — Strong growth in Canadian and American retail operations helped TD Bank Group earn an adjusted profit of $3.27 billion in the second quarter, up from $3.06 billion in the same quarter last year.The Toronto-based lender also benefited from positive earnings at its wholesale banking business — following a net loss in the first quarter — as it reported better-than-expected earnings in the three months ended April 30."As I reflect on the first half of the year, I am pleased with our performance. It reflects continued momentum in our franchise businesses, good credit quality and better conditions this quarter for market-based revenues," said CEO Bharat Masrani on a conference call with analysts."Looking ahead, the macro environment remains fluid. Trade and geopolitical tensions are heating up and economic conditions remain mixed with several output indicators still soft while employment growth remains strong."He reiterated his expectation that the bank will post earnings-per-share growth this year at the low end of its seven-to-10 per cent medium-term target range.On an adjusted basis, TD said it earned $1.75 per share in the quarter, up from $1.62 per share in its second quarter last year.Analysts on average had expected a profit of $1.67 per share, according to Thomson Reuters Eikon."TD produced the first meaningful beat against expectations in the quarter as it enjoyed strong loan growth in both of its retail platforms and an impressive bounce back in capital markets earnings," wrote analyst John Aiken of Barclays in a report.TD reported its U.S. retail business earned $1.26 billion, up from $979 million, as revenue rose by six per cent and expenses were slightly lower. TD Ameritrade contributed $258 million, up from $134 million a year earlier.Its Canadian retail business earned $1.85 billion, up from $1.83 billion a year ago, on an eight per cent increase in revenue, offset by a $30-million charge related to its purchase in November of Saskatchewan-based Greystone Managed Investments and other higher expenses.Profit at its wholesale banking business was $221 million, down from $267 million a year ago, but up compared with a net loss of $17 million in the previous quarter, on lower expenses and revenue that matched the second quarter 2018 number.TD recorded a provision for credit losses of $633 million in the second quarter, an increase of $77 million, or 14 per cent, compared with the second quarter last year, but down by $217 million, or 26 per cent, compared with the prior quarter. Companies in this story: (TSX:TD)The Canadian Press
Investec Asset Management, Aberdeen Standard Investments and Pictet Asset Management SA are cutting sterling positions or staying on the sidelines as Britain’s political turmoil reignites uncertainty around the nation’s exit from the European Union. With a senior minister resigning to add pressure on Prime Minister Theresa May to abandon her deal with the EU and quit, the risk of a disorderly Brexit is back on the radar. Sterling slid to a four-month low near $1.26 Thursday and is on the longest losing streak on record versus the euro amid concern that May’s successor could take Britain out of the bloc without a deal or call an early election.
In the second quarter, credit improved, with the bank setting aside C$633 million for soured loans, down from the first quarter but up 14% from a year earlier.Toronto-Dominion’s 42% stake in the TD Ameritrade Holding Corp. brokerage has provided a streak of record contributions to the U.S. retail segment since the second quarter of 2018.
TD Bank Group reported a 6.7% rise in adjusted second-quarter profit on Thursday, as Canada's second-biggest lender by market value benefited from strong performance in its retail business. Net income, ...
TORONTO, May 23, 2019 /CNW/ - TD Bank Group (TD) (TSX:TD - News) 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 20 million of its common shares, representing approximately 1.1% of the 1,829,097,656 common shares issued and outstanding as at April 30, 2019. TD will file a notice of intention with the TSX in this regard. TD may commence purchases under the bid, continuing for up to one year, after the TSX has accepted the notice of intention. Repurchases will be made through the facilities of the TSX as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. The price paid for such repurchased shares will be the market price of such shares at the time of acquisition or such other price as may be permitted by the TSX.
(all amounts in Canadian dollars) TORONTO , May 23, 2019 /CNW/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of seventy-four cents ( 74 cents ) per fully paid common ...
This quarterly Earnings News Release should be read in conjunction with the Bank's unaudited second quarter 2019 Report to Shareholders for the three and six months ended April 30, 2019, prepared in accordance ...
Investing in stocks that qualify as dividend aristocrats is a strategy that holds merit without question. Find out why companies like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) offer such compelling investment opportunities for long-term investors.
Weakness in the Canadian consumer has been weighing on bank stocks. Buy Toronto Dominion Bank (TSX:TD)(NYSE:TD) to get excellent income and diversified growth.
TORONTO , May 2, 2019 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its second quarter financial results and host an earnings conference call on Thursday, May 23, 2019 . Financial ...
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Now, with €7 billion ($7.83 billion) in seven funds and nine offices across Europe, the Middle East, Africa, and North America, Meridiam is playing a key role in high-profile projects such as the upgrade of New York’s LaGuardia Airport and a road tunnel under the Port of Miami. Déau describes Meridiam’s investment approach in an interview with Bloomberg Markets. SREE BHAKTAVATSALAM: What led you to start Meridiam?
With high-growth stocks like Shopify Inc (TSX:SHOP)(NYSE:SHOP) you can turn a single year's TFSA contribution into quite a bit of money.