|Bid||55.02 x 2200|
|Ask||57.74 x 1100|
|Day's Range||56.02 - 56.65|
|52 Week Range||47.73 - 62.00|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||12.53|
|Forward Dividend & Yield||2.21 (4.04%)|
|1y Target Est||64.12|
TORONTO , June 14, 2019 /CNW/ - The Toronto-Dominion Bank (TD) (TD) announced today that the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions Canada (OSFI) have approved TD's previously announced normal course issuer bid. As previously announced, TD intends to repurchase for cancellation up to 20 million of its common shares pursuant to its bid which will commence on June 18, 2019 and end on June 17, 2020 , such earlier date as TD may determine or such earlier date as TD may complete its purchases pursuant to the notice of intention filed with the TSX. Repurchases will be made through the facilities of the TSX as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. The price paid for such repurchased shares will be the market price of such shares at the time of acquisition or such other price as may be permitted by the TSX. All repurchased shares will be cancelled.
CHERRY HILL, N.J. and NEW YORK, June 5, 2019 /PRNewswire/ -- Retirement can come with mixed emotions – a culmination of one's professional career to celebrate, as well as the uncertainty and anxiety about life's next chapter. What's more, retiring business owners often have their own unique set of doubts, which can mount as retirement approaches. According to TD Wealth's Business Owner Retirement Readiness survey of over 1,000 high net worth individuals who own a business, 95 percent of those surveyed are confident (very or somewhat) that their financial plans will be able to generate the income needed during retirement.
CHERRY HILL, N.J., June 4, 2019 /PRNewswire/ -- TD Bank, America's Most Convenient Bank® and TD Securities are proud to be a platinum level sponsor of WorldPride 2019, a series of events that will mark the 50th anniversary of the Stonewall Uprising, culminating in the Pride March in Manhattan on June 30. To celebrate the progress achieved to date, and the journey to inclusion that remains, TD Bank and TD Securities today released a workplace and financial equality survey of more than 1,200 full and part-time Lesbian, Gay, Bisexual, Transgender, Two-Spirit, Plus (LGBTQ2+) workers in the U.S. The survey found that only half of millennial LGBTQ2+ workers rate their current financial situation positively, with 60 percent of millennial respondents admitting to having less than three months of emergency savings and 71 percent of those with a bachelor's degree struggling with student loan debt.
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 Montreal's (BMO) Q2 earnings benefit from improved revenues and strong loan growth, while rise in costs acts as major headwind.
CHERRY HILL, N.J., May 30, 2019 /PRNewswire/ -- TD Bank, America's Most Convenient Bank, joins the growing coalition pledging to advance diversity and inclusion in the workplace. One of more than 600 CEOs that have come together for CEO Action for Diversity & Inclusion™, Greg Braca is committing himself and TD Bank to advance diversity and inclusion in the workplace.
CHERRY HILL, N.J., May 30, 2019 /PRNewswire/ -- While a record number of homeowners report their most recent home buying experience was excellent, their appetite for resources and guidance throughout the mortgage process is stronger than ever, according to recent research from TD Bank, America's Most Convenient Bank®. TD's Mortgage Service Index, a national survey of more than 1,800 consumers who purchased a home in the last 10 years, examines perceptions around the home buying and mortgage experience as well as the housing market. Despite rate uncertainty and limited inventory, homebuyers are optimistic in the current environment.
NEW YORK, May 28, 2019 /PRNewswire/ -- TD Bank and Achilles International are proud to announce the 17th Annual Achilles Hope & Possibility® 4-mile road race by TD Bank, among the world's largest road races supporting people with disabilities. The event, operated by Achilles International and New York Road Runners, will be held on Sunday, June 23, 8:30 a.m. ET in Central Park in New York City.
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.
TORONTO , May 24, 2019 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") today announced a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the "Series 24 Shares"). The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank").
With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and U.S. operations are doing more to increase earnings than their mainstay of domestic consumer lending. “Canadian banking has got the blahs,” said David Baskin, whose Baskin Wealth Management oversees assets totaling C$1.2 billion ($890 million). “I’m not surprised that the domestic operations are pretty flat.
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.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Toronto-Dominion Bank (NYSE: TD ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on May 23, 2019 at 1:30 PM Eastern ...
Royal Bank of Canada, the nation’s largest mortgage lender, reported Thursday that its domestic mortgage book expanded 5.2% in the fiscal second quarter from a year earlier, while Toronto-Dominion Bank’s mortgages and amortizing home-equity lines had a 5.8% increase. The two lenders are bucking the trend for the overall industry, which has seen year-over-year mortgage growth slide to a 17-year low of 3.2% in March, according to the Bank of Canada. Canada’s mortgage-industry slowdown has been spurred partly by government efforts to calm housing markets, particularly in Toronto and Vancouver.
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?
In the second quarter, credit improved, with the bank setting aside C$633 million for soured loans, down from the first quarter but up 14% from a year earlier.Toronto-Dominion’s 42% stake in the TD Ameritrade Holding Corp. brokerage has provided a streak of record contributions to the U.S. retail segment since the second quarter of 2018.
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, ...
TORONTO , May 23, 2019 /CNW/ - TD Bank Group (TD) (TD) announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX), it intends to launch a normal course issuer bid to repurchase for cancellation up to 20 million of its common shares, representing approximately 1.1% of the 1,829,097,656 common shares issued and outstanding as at April 30 , 2019. TD will file a notice of intention with the TSX in this regard. TD may commence purchases under the bid, continuing for up to one year, after the TSX has accepted the notice of intention. Repurchases will be made through the facilities of the TSX as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. The price paid for such repurchased shares will be the market price of such shares at the time of acquisition or such other price as may be permitted by the TSX.