|Bid||54.76 x 4000|
|Ask||55.28 x 800|
|Day's Range||54.75 - 55.34|
|52 Week Range||47.73 - 62.00|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||12.23|
|Forward Dividend & Yield||2.22 (3.90%)|
|1y Target Est||64.12|
PHILADELPHIA, May 16, 2019 /PRNewswire/ -- The Mann Center for the Performing Arts today announced a new, multi-year relationship with TD Bank. As part of the relationship, the recently renovated pavilion will become the TD Pavilion at the Mann. "The Mann could not be more thrilled to partner with a company that shares similar beliefs and values, especially those that revolve around giving back and supporting the Philadelphia community," said Catherine M. Cahill, President and CEO of the Mann.
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.
Just as Apple (NASDAQ: AAPL)previously reached the pinnacle of a $1 trillion market capitalization, Microsoft (NASDAQ: MSFT) stock is poised to do the same. Microsoft stock can not only get to the $1 trillion mark, as Apple did, but also retain it, which AAPL failed to do.Source: Shutterstock MSFT is better diversified than Apple, and the valuation of MSFT stock, which has a price-earnings ratio of 28, is still compelling. The question is: what fundamental strengths does Microsoft have that will enable it to keep growing its revenue and profits, enabling Microsoft stock to rise further? * 10 Retirement Stocks That Won't Wilt in a Bear Market Microsoft to Challenge Amazon Web ServicesAs Barrons reported, Microsoft's Azure, the company's cloud business, is closing the functionality and usability gap between itself and Amazon.com's (NASDAQ: AMZN) cloud unit, AWS (Amazon Web Services).InvestorPlace - Stock Market News, Stock Advice & Trading TipsAzure is providing AWS with tough competition. At Microsoft's Build event this year, it spent a significant amount of time touting Azure. It also talked about its Windows operating system and its Surface tablet hardware.MSFT's comments about Azure suggest the unit's profit margins will rise going forward. Cloud services and software solutions typically are more profitable than hardware products. So, if Microsoft can meaningfully raise Azure's market share from its current 13.7% level, the company's profits could increase significantly, boosting Microsoft stock in the process. Azure's Compelling FeaturesAzure is a true hybrid, hyper-scale cloud solution. Customers get a consistent development environment, whether or not they are connected to the public cloud. Azure Stack extends that hybrid differentiation to allow customers to build and run cloud applications at the edge of their networks. And this feature, unlike VMWare 's(NYSE: VMW) offering, allows customers to build and run virtualized applications on-premise.Moreover, Microsoft expanded the IT security capabilities of Azure by offering Azure Sentinel, which analyzes security signals across the entire organization. The solution uses artificial intelligence to detect, investigate, and respond rapidly to threats. Azure's GrowthIn MSFT's fiscal third quarter, an increase in the number of larger, long-term Azure contracts helped MSFT grow its bookings by 20% year-over-year. The company's Commercial Cloud revenue jumped 41% YoY to more than $9.6 billion.Azure's revenue grew 73%, driven by strong growth in its consumption-based business across all of its customer segments. The Outlook of AzureMSFT forecast that the gross margin of its commercial cloud business would continue to be high. However, that could be offset slightly by a higher mix of IaaS (infrastructure-as-a-service) and PaaS (platform-as-a-service).One thing is certain: MSFT is making positive changes to both the hardware and software used by Azure. As a result, more customers will use premium Azure services, pushing Azure's gross margin higher and providing a positive catalyst to Microsoft stock. Valuation and the Bottom Line on MSFT StockBoth Alibaba Group (NYSE: BABA) and MSFT compete with Amazon.com's AWS, but neither BABA nor Microsoft stock has a similar valuation to AMZN stock. In relative terms, BABA and MSFT stock trade at significantly lower price-earnings multiples than Amazon.com.Even though markets value Microsoft's Azure at a discount, that may change. And when Azure's revenue becomes the biggest part of Microsoft's business,Microsoft stock is sure to trade at or above the $1 trillion level. With Azure growing so fast, that could happen very soon.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Will Microsoft Stock Soon Have a $1 Trillion Market Cap? appeared first on InvestorPlace.
TORONTO , May 7, 2019 /CNW/ - In a world of rapidly accelerating change and shifting customer expectations, TD believes that it is incumbent on organizations to reimagine responsible business practices to ensure they are helping to make a positive impact on the communities where they do business. To help illustrate TD's commitment to this idea, today TD Bank Group released its first, standalone report – the 2018 Environmental, Social and Governance Performance Report – that details the positive impacts of TD's activities during the 2018 fiscal year, ending October 31, 2018 . Also released today, TD issued its first report measuring its Corporate Citizenship strategy, The Ready Commitment, one year after the strategy was launched.
CHERRY HILL, N.J., May 6, 2019 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, today announced two new appointments to its Residential Lending team in New Jersey: William Westdyk as Regional Sales Manager and Robert Nardone as Mortgage Sales Manager. "As we continue to build our presence in New Jersey, we are identifying and investing in the region's top talent to lead our sales teams and loan originators, many of whom have specialized areas of expertise," said Scott Lindner, National Sales Director for TD Bank Mortgage.
Moody's has reviewed the following ABCP programs in conjunction with the proposed additions. At this time the additions, 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.
Moody's Investors Service has affirmed the short term rating of VMIG 1 assigned to the Ohio Water Development Authority's (OWDA) Water Pollution Control Loan Fund (WPCLF) Revenue Bonds, Series 2016A (the "Bonds"). The affirmation is based on the substitution of the current standby bond purchase agreement with a standby bond purchase agreement ("SBPA") provided by the Toronto-Dominion Bank, New York Branch ("TD Bank" or the "Bank"). The VMIG 1 rating reflects the SBPA provided by the Bank and expires upon the earliest to occur of (i) the mandatory tender date resulting from the expiration of the SBPA, (ii) conversion of the Bonds to a mode other than weekly, or (iii) earlier termination of the SBPA.
CHERRY HILL, N.J., May 2, 2019 /PRNewswire/ -- Small business owners (SBOs) across the U.S. expect larger increases in revenue this year than in 2018, despite growing trepidation about the national economy and inflation, according to the 2019 Small Business Survey conducted by TD Bank, America's Most Convenient Bank®. SBOs show continued optimism about their businesses' prospects, with 54 percent anticipating revenue growth, compared with 52 percent who expected such gains in 2018. Hiring also is on business owners' minds.
As the earnings season moves forward, many investors may be wondering whether they should add new stocks to their portfolios. In that case, I'd like to suggest three bank stocks that you may want to take a closer look at: JPMorgan (NYSE:JPM), Toronto-Dominon Bank (NYSE:TD) and HSBC Holdings plc (ADR) (NYSE:HSBC).Each of these bank stocks are backed by fundamentally strong businesses that also have various competitive advantages, such as new client growth potential, cost-cutting opportunities and capital return capacity that support their business and their respective stock prices.Variables such as interest rates, economic growth, global political and trade worries and activity in the housing markets can, nonetheless, impact a bank's stock price. Therefore there will likely be daily price swings in JPM, TD or HSBC shares as news headlines change. However, within a quality/reward matrix, all three banks score well and long-term investors may see any further price declines as opportunities to buy into the shares.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith that in mind, let us dive into each bank's fundamentals to discuss how they may be well-positioned for long-term growth and are set to provide attractive returns to shareholders going forward. JPMorgan (JPM)Source: Shutterstock On April 12, JPMorgan, the biggest U.S. bank based on deposits and revenue, delivered robust Q1 2019 earnings results. The results showed a 30-cent beat on earnings-per-share and an impressive $1.5 billion revenue beat. The largest U.S. issuer of credit cards is also a leader in investment banking. The group's diversified business operates in four segments: * Consumer and community banking (largest segment by net income); * Corporate and investment bank; * Commercial banking; and * Asset and wealth management (most profitable segment).JPM's trailing price-to-earnings ratio of 12X is likely to catch the attention of value investors. Long-term investors also enjoy a current dividend yield of 2.8%. In June 2018, the group announced a new capital return program that includes a share repurchase program for $20.7 billion.Dividends and stock repurchases concern shareholders because they affect investment returns. In other words, JPMorgan rewards long-term investors with generous cash distributions in terms of dividends and buybacks. JPM is a strong case of management that is able to look after its shareholders through capital distributions over the long term.In April, the bank announced record profit and revenue for the quarter, helping restore some bullishness for the industry in general, too. This strong profitability, robust market share in its respective operational segments, as well as proactive management, add to the strength of JPM stock, which is up 16% year-to-date.At the bank's recent investor day on Feb. 26, JPMorgan Chase said that the bank saw no major recession risk in the U.S. It also announced that its Commercial Banking arm would be continuing to expand internationally in European and Asia-Pacific markets as the bank eyed high-growth opportunities in these markets.This strategic decision is likely to bring further strength to JPM's stock price in the next decade. JPMorgan also aims to increase its artificial intelligence (AI) driven execution capabilities in sales and trading, which may help decrease operating costs and improve margins. Toronto-Dominion Bank (TD)Source: Mike Mozart via Flickr (Modified)The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group.On Feb. 28, the Canadian multinational banking and financial services corporation announced its financial results for the first quarter that ended on Jan. 31, 2019. TD Bank reported a 2.4% uptick in Q1 profits to $2.41 billion as its net interest income shot up by 8% to $5.9 billion.Toronto-Dominion Bank increased its dividend by7 cents to 74 cents per share. The dividend yield now stands at a healthy 4%. The contribution of dividends to TD stock's total return is quite formidable.The group has three main business segments: * Canadian Retail * U.S. Retail * Wholesale BankingThe latest quarterly report showed that the U.S. retail operations were strong as the earnings went up 30% from a year earlier. However, net income from the Canadian retail operations slipped. And its wholesale banking showed a net loss of $17 million, which the bank blamed on market volatility and lower client activity.TD is ranked as one of the top-10 U.S. retail banks and many customers praise the high service the bank offers. Overall, analysts also applaud the robustness of TD's risk-management and mortgage-underwriting strategies, in part due to the general conservatism of Canadian banks.Going forward, the group's wholesale banking is likely to deliver improved performance. Finally, over the next five years, Toronto-Dominion Bank's EPS is projected to increase by 11.7% annually, compared to an industry average of 9.8%.In other words, Toronto-Dominion Bank enables shareholders to buy into a strong group that generates profits on both sides of the border. The bank is expected to release its Q2 financial results on May 23, when analysts will pay attention to management's discussion of the overall business conditions on the earnings call as well as the potential continued strength of the U.S. operations. HSBC (HSBC)Source: Gyver Chang via Flickr (Modified)Founded in 1865, the London-based bank's operations are global and HSBC is one of the biggest banks in the world. HSBC's business is well diversified geographically as it is present in the five continents. The banking giant has four main business segments: * Retail Banking and Wealth Management (largest segment by revenue) * Commercial Banking * Global Banking and Markets * Global Private BankingAbout three-quarters of the profit comes from mostly corporate clients in Asia, offering exposure to Hong Kong and China. HSBC's trade finance business in the region is still one of its major competitive advantages.Especially in 2018, the volatility in Chinese stocks due to U.S.-China trade war fears as well as the political reality in Britain have both affected the HSBC stock price adversely. Following a June 2016 referendum, the U.K. decided to leave the European Union (E.U.). The process, known as "Brexit," has been complicated both in technical and political terms.Despite its international focus, the group has made substantial preparations for a no-deal Brexit, in which case the U.K. would leave the E.U. without a trade deal. Like many other U.K. banks, in order to continue to have full access to the E.U., HSBC has been moving some of its operations, assets and staff to other countries, mostly France. Therefore, I believe any further negative effect of a potential no-deal scenario is already baked into the stock price.On Feb. 19, the group released annual results with both revenue and profit coming in below expectations. Management highlighted that concerns about a US-China trade dispute had impacted the banking giant. But stock markets could be ready to look beyond the trade war as both sides express willingness to finalise a new agreement soon. So despite the recent adverse sentiment toward companies with exposure to the Chinese economy, HSBC stock offer investors the possibility to invest in this growing region.Year-to-date, HSBC stock is up 4%. Value investors are encouraged by the HSBC's trailing P/E ratio, which is currently at 13.5. Similarly, its price-to-book (P/B) ratio of 0.9, which measures the market value of HSBC's equity to the book value of its equity, makes the shares attractive. In general, when comparing similar financial stocks, investors like to see lower P/E and P/B ratios.HSBC management has also initiated a series of cost-cutting measures to improve the bottom line in the coming quarters. As a result, analysts are expecting earnings growth of almost 5% in 2020.And the bank's current dividend provides a healthy yield of 5.8%, which makes it an important addition to any capital growth portfolio. For income-oriented investors, the dividend income alone may prove to be a rather attractive proposition. Over the long term, HSBC stock remains a strong financial stock with an excellent dividend ratio and exposure to the high-growth markets of the Pacific Rim. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post 3 Bank Stocks to Buy for Long-Term Portfolios appeared first on InvestorPlace.
Moody's has reviewed the following ABCP programs in conjunction with the proposed additions and amendments. At this time the additions and 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.
CHERRY HILL, N.J. , April 25, 2019 /PRNewswire/ -- TD Bank, America's Most Convenient Bank ® , received the highest ranking in the Southeast for overall customer satisfaction in Retail Banking, according ...
TD Bank Group Comments on Expected Impact of TD Ameritrade Holding Corp.'s Second Quarter Earnings
TORONTO and REDMOND, WA, April 23, 2019 /PRNewswire/ - TD Bank Group (TD) and Microsoft today announced a strategic relationship in which TD will use Microsoft Azure as the cloud foundation to provide its technology and design teams with tools designed for secure, agile and flexible access to data and AI resources. This will further enable the Bank to adapt and quickly respond to changing customer needs. "At TD we are shaping the future of banking in the digital age by creating personalized, connected and legendary experiences across all of our channels," says Bharat Masrani, Group President and Chief Executive Officer, TD.
Find out if your bank is likely to be open in 2019 on New Year's Day, MLK Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving or Christmas.