Toronto Dominion Bank


SKU: TD-2-1 Category:


The Toronto-Dominion Bank delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings. Earnings were $3.7 billion, with an EPS of $1.99. Revenue increased yearly, mostly due to margin improvement in the company’s retail sectors. PCLs increased due to credit normalization and a rise in expenses caused by the addition of TD Cowen, investments in colleagues and company expansion, and the impact of foreign exchange. PTPP increased as TD’s diverse business model continued to perform. Earnings in the Canadian Personal and Commercial Banking division were $1.7 billion, with revenue increasing by 7% and operating leverage significantly improving. They also saw significant spending on credit cards and an all-time high for active accounts. Additionally, they had a 35% increase in new accounts year over year, largely due to their wide product offering, significant strategic alliances, and unique reward programs. The Toronto Blue Jays unveiled a new patch on their famous shirt incorporating the TD shield this quarter. This major achievement strengthens the TD brand and demonstrates the strong connection between TD and the Blue Jays.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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