|Bid||54.09 x 1100|
|Ask||54.10 x 800|
|Day's Range||54.03 - 54.82|
|52 Week Range||47.73 - 62.00|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||11.97|
|Forward Dividend & Yield||2.25 (4.13%)|
|1y Target Est||N/A|
Toronto-Dominion (TD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Canadian banks are expected to report decent earnings growth, driven by slight rise in interest income. However, dismal non-interest income performance and higher expenses may act as dampeners.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Toronto-Dominion Bank (TD) have what it takes? Let's find out.
Rating Action: Moody's affirms large Canadian banks' ratings; maintains stable outlook. Global Credit Research- 01 Aug 2019. Toronto, August 01, 2019-- Moody's Investors Service has affirmed the short-term ...
Moody's has reviewed the following ABCP program in conjunction with the proposed amendment. At this time the amendment, in and of itself, will not result in any rating impact on the respective program's ABCP. Moody's does not believe it will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Moody's Investors Service (Moody's) has assigned a P-1 short-term enhanced rating to the San Francisco Public Utilities Commission's Commercial Paper Notes (Wastewater Series, Proposition E) Series A-4 (Tax-Exempt) (the Notes). Events which would cause such termination are directly related to the credit quality of the San Francisco Public Utilities Commission, CA (the Commission).
Moody's has reviewed the following ABCP programs in conjunction with the proposed amendments. At this time the amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
With dividends and share buybacks announced after passing annual Fed stress tests, Citigroup stock and Goldman stock lead six bank stocks to buy and watch.
Moody's has reviewed the following ABCP programs in conjunction with the proposed amendments. At this time the amendments, in and of themselves, will not result in any rating impact on the respective programs' ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Moody's has reviewed the following ABCP program in conjunction with the proposed amendment. At this time the amendment, in and of itself, will not result in any rating impact on the program's ABCP. Moody's does not believe it will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
A financial crisis-era Ponzi scheme is creating a new headache for the chief executive of Toronto-Dominion Bank, as two U.S. senators have demanded he come up with a plan to help the victims.
Moody's has reviewed the following ABCP programs in conjunction with the proposed additions and amendment. At this time the additions and amendment, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Bank of America (NYSE:BAC) as a tradable security just can't seem to get it going. Frustratingly, BAC stock has moved sideways for about 18 months now. Shares are at levels not seen since early December 2017.Source: Shutterstock All the while, Bank of America stock has consistently looked cheap. Currently, it trades at less than 11x 2019 consensus earnings-per-share estimates. Price-to-book is just 1.1x, near the lowest level seen in the past year, save for the market-driven dip in December.And I continue to think that the BAC stock price is too cheap, as I've argued for some time now, most recently in March. But as external risks mount, particularly after a mixed earnings report for the first quarter of 2019, a rally make take some time to stage.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Safe Stocks to Buy This Summer For the most part, BofA is doing what it should, and what it needs to. The problem is that nothing else seems to be cooperating, especially the aforementioned external risks. Given that those threats aren't going anywhere, the same well might be true for the BAC stock price. Risks Mount for Bank of America StockA core problem for BAC is not just that it's facing a number of risks, but that they're seemingly interconnected. That's been an issue of late, as Bank of America stock has fallen over 9% in just 14 trading sessions.The obvious culprit for both BofA and the broader markets is rising fear of the trade war. A prolonged battle between the U.S. and China could lead to slower economic growth, which potentially hurts BofA profits.But it's not even quite that simple. A trade war in theory could drive higher inflation, not just lower growth. That would lead the Federal Reserve to potentially cut rates. A rate pause already sent BAC stock tumbling back in March. Cuts would be even worse and would reverse the benefits of rising rates that have helped earnings and the Bank of America stock price since the 2016 elections.Political risk is a factor as well. BAC stock was one of the big winners of that election, gaining some 50% in a matter of months. The thesis then relied partially on a Republican-controlled government rolling back Dodd-Frank and other banking regulations.That narrative hasn't quite played out, even though the law was altered last year. But the fear now is that regulation will increase under a potentially Democrat-controlled government. That's particularly worrisome if trade war difficulties hit the economy and lower President Donald Trump's re-election prospects.Bank stocks like BAC are notoriously cyclical; they will rise and fall in line with macroeconomic expectations. What's happening now, however, is that the economic exposure of the equity is being amplified by political exposure at home and abroad. Therefore, it's little surprise that BofA has been so volatile and unable to maintain a rally. Where Does BAC Stock Go from Here?I continue to recommend BAC stock, along with JPMorgan Chase (NYSE:JPM), for the long run. But it's not hard to wonder whether the sideways trading in both securities might continue for some time. As InvestorPlace contributor Bret Kenwell pointed out last month, JPM has faced similar difficulties in terms of gaining traction.Because the question here is, what really changes? The trade war has no solution on the horizon. The next presidential election is almost 18 months away. Anxiety over a coming recession won't fade until the recession actually arrives. BAC stock is going to be grinding through external fears for a while.That's true for all bank stocks, admittedly. But Citigroup (NYSE:C) -- which actually has been the star among big banks in 2019 -- and Wells Fargo (NYSE:WFC) at least offer turnaround stories. BAC and JPM are performing well relative to their modest expectations. Yield-focused investors could look at Canadian banks like The Toronto-Dominion Bank (NYSE:TD) and Bank of Montreal (NYSE:BMO), though those banks have their own real estate and mortgage-loan risks.Even with BAC stock back near $28, you've got to wonder if a discount is coming over the next 12 months. BofA does trade only modestly above book value, but it traded below book for years after the crisis. Its 9x forward earnings is cheap, but not necessarily dramatically so if rates are cut again and/or the economy finally slows down.Long-term, I still like BAC. I wouldn't blame investors for simply riding out the noise until shares rally again. But it's becoming increasingly likely that those long-term investors will need to have quite a bit of short-term patience.As of this writing, Vince Martin has no positions in any securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post External Risks Are Keeping a Lid on Bank of America Stock appeared first on InvestorPlace.
Royal Bank of Canada and Toronto-Dominion Bank, Canada's two largest lenders, beat analysts' estimates for quarterly profit on Thursday as strong loan growth boosted interest income, but a spike in provisions for soured loans spooked investors. Canadian lenders are faced with a sharply slowing economy, a cooling house market, with a record high household debt-to-income ratio stoking concerns of loan losses.
Toronto-Dominion (TD) delivered earnings and revenue surprises of 4.80% and 7.22%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
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, ...