The Toronto-Dominion Bank

BMV:TD N Stock Report

Market Cap: Mex$2.0t

Toronto-Dominion Bank Management

Management criteria checks 1/4

Toronto-Dominion Bank's CEO is Bharat Masrani, appointed in Nov 2014, has a tenure of 8.42 years. total yearly compensation is CA$13.49M, comprised of 10.7% salary and 89.3% bonuses, including company stock and options. directly owns 0.062% of the company’s shares, worth MX$1.24B. The average tenure of the management team and the board of directors is 1.5 years and 9.2 years respectively.

Key information

Bharat Masrani

Chief executive officer

CA$13.5m

Total compensation

CEO salary percentage10.7%
CEO tenure8.4yrs
CEO ownership0.06%
Management average tenure1.5yrs
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 2023n/an/a

CA$15b

Oct 31 2022n/an/a

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

Jul 31 2017n/an/a

CA$10b

Apr 30 2017n/an/a

CA$9b

Jan 31 2017n/an/a

CA$9b

Oct 31 2016CA$10mCA$1m

CA$9b

Compensation vs Market: Bharat's total compensation ($USD9.95M) is above average for companies of similar size in the MX market ($USD5.70M).

Compensation vs Earnings: Bharat's compensation has increased by more than 20% in the past year.

CEO

Bharat Masrani (65 yo)

8.4yrs

Tenure

CA$13,491,306

Compensation

Mr. Bharat B. Masrani has been Director of 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. Mr...

Leadership Team

NamePositionTenureCompensationOwnership
Bharat Masrani
Group President8.4yrsCA$13.49m0.062%
MX$ 1.2b
Kelvin Vi Tran
Group Head & CFO1.6yrsCA$3.54m0.00095%
MX$ 18.9m
Riaz Ahmed
Group Head of Wholesale Banking19.3yrsCA$6.23m0.025%
MX$ 497.1m
Michael Rhodes
Group Head of Canadian Personal Banking1.3yrsCA$5.47m0%
MX$ 0
Salma Salman
Chief Accountant & Senior VP of Financeno datano datano data
Greg Keeley
Senior Executive Vice President of Technology & Platforms1.3yrsno datano data
Judy Dinn
Chief Information Officer1.3yrsno datano data
Brooke Hales
Head of Investor Relationsno datano datano data
Jane Langford
Executive VP & General Counsel1.3yrsno data0.000010%
MX$ 199.3k
Renu Gupta
Head of Corporate Development & Fundingno datano datano data
Betsey Chung
Global Chief Marketing Officerno datano datano data
Kenneth Lalonde
Senior EVP & Chief Human Resources Officer1.8yrsno data0.000040%
MX$ 797.4k

1.5yrs

Average Tenure

Experienced Management: TD N's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Bharat Masrani
Group President9yrsCA$13.49m0.062%
MX$ 1.2b
Claude Mongeau
Independent Director8.1yrsCA$247.50k0.0025%
MX$ 49.8m
Karen Maidment
Independent Director11.6yrsCA$362.50k0.00063%
MX$ 12.6m
Amy Brinkley
Independent Director12.6yrsCA$657.62k0.00013%
MX$ 2.6m
David Kepler
Independent Director9.3yrsCA$270.00k0.00038%
MX$ 7.6m
Brian Levitt
Independent Non-Executive Chairman of the Board14.3yrsCA$465.00k0.0016%
MX$ 32.7m
Nadir Mohamed
Independent Director15yrsCA$235.00k0.00078%
MX$ 15.5m
Jean-Rene Halde
Independent Director7.3yrsCA$247.50k0.00011%
MX$ 2.2m
Colleen Goggins
Independent Director11.1yrsCA$255.00k0.00048%
MX$ 9.6m
S. Rowe
Independent Director3yrsCA$237.50k0.00077%
MX$ 15.3m
Brian Ferguson
Independent Director8.1yrsCA$255.00k0.00025%
MX$ 5.0m
Alan MacGibbon
Independent Director9yrsCA$646.39k0.00022%
MX$ 4.4m

9.2yrs

Average Tenure

65.5yo

Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/04/28 14:00
End of Day Share Price 2023/01/29 00:00
Earnings2023/01/31
Annual Earnings2022/10/31

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

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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. 12 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