The Toronto-Dominion Bank

TSX:TD.PFL Stock Report

Market Cap: CA$144.0b

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Toronto-Dominion Bank Management

Management criteria checks 4/4

Toronto-Dominion Bank's CEO is Bharat Masrani, appointed in Nov 2014, has a tenure of 9.5 years. total yearly compensation is CA$13.38M, comprised of 11.2% salary and 88.8% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth CA$104.59M. The average tenure of the management team and the board of directors is 2.8 years and 9.2 years respectively.

Key information

Bharat Masrani

Chief executive officer

CA$13.4m

Total compensation

CEO salary percentage11.2%
CEO tenure9.5yrs
CEO ownership0.07%
Management average tenure2.8yrs
Board average tenure9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bharat Masrani's remuneration changed compared to Toronto-Dominion Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Jan 31 2024n/an/a

CA$11b

Oct 31 2023CA$13mCA$1m

CA$10b

Jul 31 2023n/an/a

CA$14b

Apr 30 2023n/an/a

CA$14b

Jan 31 2023n/an/a

CA$15b

Oct 31 2022CA$15mCA$1m

CA$17b

Jul 31 2022n/an/a

CA$14b

Apr 30 2022n/an/a

CA$15b

Jan 31 2022n/an/a

CA$15b

Oct 31 2021CA$13mCA$1m

CA$14b

Jul 31 2021n/an/a

CA$15b

Apr 30 2021n/an/a

CA$14b

Jan 31 2021n/an/a

CA$12b

Oct 31 2020CA$11mCA$1m

CA$12b

Jul 31 2020n/an/a

CA$9b

Apr 30 2020n/an/a

CA$10b

Jan 31 2020n/an/a

CA$12b

Oct 31 2019CA$13mCA$1m

CA$11b

Jul 31 2019n/an/a

CA$12b

Apr 30 2019n/an/a

CA$11b

Jan 31 2019n/an/a

CA$11b

Oct 31 2018CA$15mCA$1m

CA$11b

Jul 31 2018n/an/a

CA$11b

Apr 30 2018n/an/a

CA$10b

Jan 31 2018n/an/a

CA$10b

Oct 31 2017CA$12mCA$1m

CA$10b

Compensation vs Market: Bharat's total compensation ($USD9.73M) is about average for companies of similar size in the Canadian market ($USD8.28M).

Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.

CEO

Bharat Masrani (66 yo)

9.5yrs

Tenure

CA$13,383,751

Compensation

Mr. Bharat B. Masrani has been Director of The Charles Schwab Corporation since October 06, 2020. He has been Chief Executive Officer and Group President at The Toronto-Dominion Bank since November 1, 2014...

Leadership Team

NamePositionTenureCompensationOwnership
Bharat Masrani
Group President9.5yrsCA$13.38m0.073%
CA$ 104.6m
Kelvin Vi Tran
Group Head & CFO2.7yrsCA$4.33m0.00098%
CA$ 1.4m
Riaz Ahmed
Group Head of Wholesale Banking20.3yrsCA$8.13m0.027%
CA$ 38.4m
Leovigildo Salom
Group Head U.S. Retail and President & CEO of America's Most Convenient Bank6.5yrsCA$6.40m0%
CA$ 0
Salma Salman
Chief Accountant & Senior VP of Financeno datano datano data
Greg Keeley
Senior Executive Vice President of Technology & Platforms2.3yrsno data0%
CA$ 0
Judy Dinn
Chief Information Officer2.4yrsno datano data
Brooke Hales
Head of Investor Relationsno datano datano data
Jane Langford
Executive VP & General Counsel2.3yrsno data0.000020%
CA$ 28.8k
Renu Gupta
Senior Vice President of Corporate Developmentno datano datano data
Betsey Chung
EVP & Global Chief Marketing Officerno datano datano data
Kenneth Lalonde
Senior EVP & Chief Human Resources Officer2.9yrsno data0.000040%
CA$ 57.6k

2.8yrs

Average Tenure

Experienced Management: TD.PFL's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Bharat Masrani
Group President10.1yrsCA$13.38m0.073%
CA$ 104.6m
Claude Mongeau
Independent Director9.2yrsCA$272.50k0.0026%
CA$ 3.7m
Karen Maidment
Independent Director12.7yrsCA$648.60k0.00066%
CA$ 950.4k
Amy Brinkley
Independent Director13.7yrsCA$794.04k0.00014%
CA$ 201.6k
Mary Winston
Independent Director1.8yrsCA$579.92k0.000010%
CA$ 14.4k
Colleen Goggins
Independent Director12.2yrsCA$280.00k0.00050%
CA$ 720.0k
S. Rowe
Independent Director4.1yrsCA$262.50k0.00090%
CA$ 1.3m
Ajay Virmani
Independent Director1.8yrsCA$260.00k0.00067%
CA$ 964.8k
Brian Ferguson
Independent Director9.2yrsCA$282.50k0.00026%
CA$ 374.4k
Nancy Tower
Independent Director1.9yrsCA$291.25k0.000060%
CA$ 86.4k
Alan MacGibbon
Independent Chairman10.1yrsCA$857.65k0.00023%
CA$ 331.2k
Cherie Brant
Independent Director2.8yrsCA$260.00k0.000090%
CA$ 129.6k

9.2yrs

Average Tenure

65yo

Average Age

Experienced Board: TD.PFL's board of directors are considered experienced (9.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/01 05:53
End of Day Share Price 2024/05/01 00:00
Earnings2024/01/31
Annual Earnings2023/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Toronto-Dominion Bank is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RosenAccountability Research Corporation
John AikenBarclays
Brian MortonBarclays