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The Toronto-Dominion BankNYSE:TD Stock Report

Market Cap US$181.1b
Share Price
US$107.70
US$103.68
3.9% overvalued intrinsic discount
1Y70.8%
7D0%
Portfolio Value
​
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The Toronto-Dominion Bank

NYSE:TD Stock Report

Market Cap: US$181.1b

Toronto-Dominion Bank (TD) Stock Overview

Provides various financial products and services in Canada, the United States, and internationally. More details

TD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 18.6% below our estimate of its fair value

Earnings grew by 156.4% over the past year

Pays a reliable dividend of 2.94%

Risk Analysis

Earnings are forecast to decline by an average of 6.1% per year for the next 3 years


TD Community Fair Values

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See what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.

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The Toronto-Dominion Bank Competitors

Price History & Performance

Summary of share price highs, lows and changes for Toronto-Dominion Bank
Historical stock prices
Current Share PriceCA$107.70
52 Week HighCA$109.22
52 Week LowCA$62.79
Beta0.87
1 Month Change11.04%
3 Month Change11.40%
1 Year Change70.82%
3 Year Change76.88%
5 Year Change50.48%
Change since IPO2,137.92%

Recent News & Updates

Recent updates

Seeking Alpha • Jan 09

Toronto-Dominion: Time To Pause After The Huge Returns (Downgrade)

Summary Toronto-Dominion Bank demonstrates robust fundamentals, resilient performance, and prudent asset diversification despite macroeconomic headwinds and recent regulatory challenges. TD's strong capital adequacy and prudent loan management limit risks and support liquidity. The updated Dividend Discount Model yields a target price of $96.90, but the current price offers limited upside, prompting a rating downgrade from buy to hold. Technical indicators remain bullish, yet overbought conditions and rising selling volume suggest caution and a potential pullback; holding is advised to await a better entry. Read the full article on Seeking Alpha
Seeking Alpha • Feb 28

Toronto-Dominion Bank: Earnings Beat And Big Buyback--I'm Bullish

Summary Yesterday, The Toronto-Dominion Bank released its fiscal first quarter earnings. The release beat analyst estimates of both revenue and EPS. The standout metric from the release was the buyback, which increased to $8 billion, funded in part by selling Charles Schwab stock. The bank even managed slight positive EPS growth on lower net income, as last year's buybacks reduced the share count. In this article, I explain why I remain bullish on TD stock at today's price. Read the full article on Seeking Alpha
Seeking Alpha • Jan 20

Toronto-Dominion Bank: In A Phase Of Strategic Restructuring

Summary Fiscal 2024 showed mixed results, with revenue growth but declining earnings per share and increased provisions for credit losses. Toronto-Dominion Bank faces challenges including U.S. AML settlements, restructuring efforts, and suspended medium-term financial targets, impacting investor confidence. Despite these issues, TD's dividend yield is attractive, and it trades at low valuation multiples, but in my opinion, the stock is still a 'Hold'. Read the full article on Seeking Alpha
Seeking Alpha • Jan 14

Toronto-Dominion Bank: A Value Buy Amid Challenges

Summary I rate Toronto-Dominion Bank a 'Buy' due to solid earnings growth, strong capital positioning, attractive dividends, and long-term potential in U.S. markets. TD's Q4 2024 results show a 5.2% stock price increase, with strong Canadian operations and stable P&C business growth. Despite challenges in U.S. operations and AML fines, the Company's valuation metrics and high CET1 ratio indicate resilience and potential undervaluation. New CEO Raymond Chun's leadership is expected to rebuild trust and enhance TD's reputation, making it a promising investment for value investors. Read the full article on Seeking Alpha
Seeking Alpha • Dec 05

TD Bank: A U.S. Exit Looks Probable

Summary TD Bank's Q4 results missed watered-down estimates. US side liquidity requirements are posing a larger problem than what analysts had modeled. The bank withdrew its guidance and shares are down 3% pre-market. We go over the numbers and tell you how we are playing it. Read the full article on Seeking Alpha
Seeking Alpha • Nov 13

Toronto-Dominion: Sub 10x P/E Looks Like A Bargain For This Canadian Bank, Following Setbacks

Summary TD Bank shares recently slumped another 10% following the DOJ settlement for loose money laundering controls. The imposed U.S. asset cap will be an overhang, but TD's Canadian operations remain strong, account for 70% of its business, and saw a 13% net income increase in Q3. TD stock now trades below a 10x P/E and offers a dividend yield above 5%, presenting a potential value opportunity for investors. The main risk is the potential that Canadian banking regulators also take aim at TD. Read the full article on Seeking Alpha
Seeking Alpha • Oct 09

TD Bank: This Dividend Stock Is Still Buyable Now

Summary TD Bank's total returns have doubled the S&P 500 index since June. The company's Canadian Banking and Wealth Management & Insurance segments logged record revenue in Q3. TD Bank still enjoys investment-grade credit ratings from the major rating agencies. The financial holding company could be priced at a 2% discount to fair value. TD Bank looks to be poised to generate 10%+ annual total returns through FY 2026. Read the full article on Seeking Alpha
Seeking Alpha • Sep 19

TD: It's All In The Long Game

Summary TD Bank is confident in resolving its AML fines by year-end, with strong financials and remediation steps indicating a promising long-term outlook. Q3 2024 results show stable adjusted earnings and a 10% YoY revenue increase, despite a slight decrease in net income and EPS. TD is addressing AML issues by enhancing leadership, procedures, training, and technology, and has set aside US$2.6 billion for anticipated fines. Selling $40.5 million worth of Schwab shares to cover fines, TD remains undervalued and a solid long-term investment despite short-term challenges. Read the full article on Seeking Alpha
Seeking Alpha • Aug 22

TD Bank: Dumping Schwab Shares Is A Good Thing

Summary The Toronto-Dominion Bank missed Q2-2024 estimates. The bank shares moved lower as it took a considerable additional provision for the AML fines. We go over our revised outlook and tell you why selling Charles Schwab shares is a good thing. Read the full article on Seeking Alpha
Seeking Alpha • Aug 12

Toronto Dominion Bank: Fair Value For A Stalwart Grower

Summary TD's underlying business grew 5 times faster than the economy, showcasing strong growth potential and the ability to compound assets over time. We look at TD's income statements and balance sheets from 2003, 2013, and 2023 to see its long-term growth. TD's credit quality, efficiency ratio, and net interest margin, while not outstanding per se, are in line with those of the other Big 5 banks. By both P/E and P/B ratio metrics, TD's valuation is in the middle of the pack. Risks include the indebtedness of Canadian consumers, higher interest rates, as well as possible financial contagion from the US in a future crisis. Read the full article on Seeking Alpha
Seeking Alpha • Jun 07

Toronto-Dominion Bank: A High-Yielding Dividend Stock Worth Buying Now

Summary Developments in the alleged money laundering scandals that have plagued TD Bank in recent months could present a buying opportunity. Strength in the company's Wealth Management & Insurance and Wholesale Banking businesses propelled revenue and non-GAAP EPS higher in Q2. TD's credit ratings remain robust. Shares of the financial juggernaut could offer an ample margin of safety from the current valuation. Toronto-Dominion could have a 40%+ cumulative upside through October 2026. Read the full article on Seeking Alpha

Shareholder Returns

TDUS BanksUS Market
7D0%1.3%3.2%
1Y70.8%28.9%31.0%

Return vs Industry: TD exceeded the US Banks industry which returned 28.9% over the past year.

Return vs Market: TD exceeded the US Market which returned 31% over the past year.

Price Volatility

Is TD's price volatile compared to industry and market?
TD volatility
TD Average Weekly Movement2.8%
Banks Industry Average Movement3.5%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: TD has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1855104,841Ray Chunwww.td.com

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S. Retail; Wealth Management and Insurance; and Wholesale Banking.

The Toronto-Dominion Bank Fundamentals Summary

How do Toronto-Dominion Bank's earnings and revenue compare to its market cap?
TD fundamental statistics
Market capUS$181.06b
Earnings (TTM)US$15.53b
Revenue (TTM)US$48.32b
11.6x
P/E Ratio
2.0x
P/B Ratio

Is TD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TD income statement (TTM)
RevenueCA$65.98b
Cost of RevenueCA$0
Gross ProfitCA$65.98b
Other ExpensesCA$44.77b
EarningsCA$21.21b

Last Reported Earnings

Jan 31, 2026

Next Earnings Date

May 28, 2026

Earnings per share (EPS)12.71
Gross Margin100.00%
Net Profit Margin32.14%
Debt/Equity Ratio416.6%

How did TD perform over the long term?

See historical performance and comparison

Dividends

2.9%
Current Dividend Yield
34%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 23:03
End of Day Share Price 2026/05/07 00:00
Earnings2026/01/31
Annual Earnings2025/10/31

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.

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 Github.

Analyst Sources

The Toronto-Dominion Bank is covered by 23 analysts. 10 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
Lemar PersaudATB Cormark Historical (Cormark Securities)
John AikenBarclays