The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network. It also provides credit cards; real estate secured lending; auto finance; consumer lending; point-of-sale payment solutions for large and small businesses; wealth and asset management products, private banking, investment advisory, and trust services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to companies, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The company operates through a network of 1,085 branches, 3,440 automated teller machines, and 1,223 stores, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: td.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2025 | Buy → Hold | Jefferies | |
| 1/17/2025 | Neutral → Buy | BofA Securities | |
| 12/19/2024 | Market Perform → Outperform | BMO Capital Markets | |
| 12/12/2024 | Hold → Buy | Jefferies | |
| 12/6/2024 | Buy → Hold | Desjardins | |
| 12/6/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 11/21/2024 | Equal Weight → Underweight | Barclays | |
| 10/11/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 8/22/2024 | Underperform → Sector Perform | National Bank Financial | |
| 7/2/2024 | Neutral | UBS |
TORONTO, May 5, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) announced today that it expects catastrophe claims of approximately $50 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's second-quarter results. Catastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net
TORONTO, May 1, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its second-quarter financial results and host an earnings conference call on Thursday, May 22, 2025. Financial results will be issued in a press release at approximately 6:00 a.m. ET. The call will be available live via TD's website at 8:00 a.m. ET and is expected to last approximately 60 minutes. The call and audio webcast will feature presentations by TD executives on the Bank's financial results for the second quarter, followed by a question-and-answer period with analysts. Presentation materials will be available on the TD website at www.td.com/investor on May 22, 2025, in advance of the call. A listen-only tel
TORONTO, April 18, 2025 /CNW/ - TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") first quarter earnings to translate into approximately CDN $74 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2025 second quarter. Excluding amortization of acquired intangibles of approximately CDN $9 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $83 million. The share of net income from investment in Schwab and the foreign exchange impact are reported with a one-month lag. On February 12, 2025, the Bank announced the closing of the sale of its entire equity i
TORONTO, April 17, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the April cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of April 29, 2025 will receive a cash distribution per unit of the applicable TD ETF that will be payable on May 6, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.045 TD Target 2025 Investment Grade Bond ETF TBCE $0.066 TD Target 2026 Investment Grade Bond ETF TBCF $0.039 TD Target 2027 Investment Grade Bond ETF TBCG $0.054 TD Target 2028 Investment Grade Bond ETF TBCH $0.043 TD Target 2029 Investmen
TORONTO, March 18, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the March cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of March 28, 2025 will receive a cash distribution per unit of the applicable TD ETF that will be payable on April 4, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.045 TD Target 2025 Investment Grade Bond ETF TBCE $0.061 TD Target 2026 Investment Grade Bond ETF TBCF $0.036 TD Target 2027 Investment Grade Bond ETF TBCG $0.049 TD Target 2028 Investment Grade Bond ETF TBCH $0.039 TD Target 2029 Investm
Earnings News Release • Three months ended January 31, 2025 This quarterly Earnings News Release should be read in conjunction with the Bank's unaudited first quarter 2025 Report to Shareholders for the three months ended January 31, 2025, prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), which is available on our website at http://www.td.com/investor/. This analysis is dated February 26, 2025. Unless otherwise indicated, all amounts are expressed in Canadian dollars, and have been primarily derived from the Bank's Annual or Interim Consolidated Financial Statements prepared in accordance with IFRS
TORONTO, Feb. 6, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its first-quarter financial results and host an earnings conference call on Thursday, February 27, 2025. Financial results will be issued in a press release at approximately 6:30 a.m. ET. The call will be available live via TD's website at 9:30 a.m. ET and is expected to last approximately 60 minutes. The call and audio webcast will feature presentations by TD executives on the Bank's financial results for the first quarter, followed by a question-and-answer period with analysts. Presentation materials will be available on the TD website at www.td.com/investor on February 27, 2025, in advance of the call. A listen
TORONTO, Feb. 20, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the February cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of February 27, 2025 will receive a cash distribution per unit of the applicable TD ETF that will be payable on March 6, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.045 TD Target 2025 Investment Grade Bond ETF TBCE $0.058 TD Target 2026 Investment Grade Bond ETF TBCF $0.035 TD Target 2027 Investment Grade Bond ETF TBCG $0.047 TD Target 2028 Investment Grade Bond ETF TBCH $0.037 TD Target 2029 In
TORONTO, Feb. 11, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced that, further to its news release on February 10, it has agreed to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW). TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions. The transaction will generate net proceeds
Portion of proceeds to be allocated toward normal course issuer bid TORONTO, Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced its intent to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE:SCHW) through a registered offering and share repurchase by Schwab. TD will continue to have a business relationship with Schwab through the Insured Deposit Account (IDA) Agreement. TD currently holds 184.7 million shares of Schwab's common stock, representing 10.1% economic ownership. Schwab has agreed to repurchase US$1.5 billion of its shares from TD conditional on completion of the offering. A preliminary prospectus supplem
Jefferies downgraded Toronto-Dominion Bank from Buy to Hold
BofA Securities upgraded Toronto-Dominion Bank from Neutral to Buy
BMO Capital Markets upgraded Toronto-Dominion Bank from Market Perform to Outperform
Jefferies upgraded Toronto-Dominion Bank from Hold to Buy
Desjardins downgraded Toronto-Dominion Bank from Buy to Hold
Scotiabank downgraded Toronto-Dominion Bank from Sector Outperform to Sector Perform
Barclays downgraded Toronto-Dominion Bank from Equal Weight to Underweight
RBC Capital Mkts downgraded Toronto-Dominion Bank from Outperform to Sector Perform
National Bank Financial upgraded Toronto-Dominion Bank from Underperform to Sector Perform
UBS initiated coverage of Toronto-Dominion Bank with a rating of Neutral
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New iCapital fund provides access to a portfolio of direct private infrastructure assets TORONTO, May 7, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced a new way for investors to access private global infrastructure investments. Eligible Canadian accredited investors will now have access to TDAM's institutionally available infrastructure strategy, the TD Greystone Infrastructure Fund (Canada) L.P. (the "Institutional Fund"), through a collaboration with iCapital Network Canada Ltd. ("iCapital Canada"), a global financial technology platform driving access to alternative investments for the wealth and asset management industries. The TD Greystone Infrastructure iCapital Canada
Ranked #1 in Dealer Satisfaction among Non-Captive Non-Prime Lenders with Retail Credit TORONTO, May 6, 2025 /CNW/ - TD Auto Finance Canada (TDAF) is proud to be named #1 in Dealer Satisfaction among Non-Captive Non-Prime Lenders with Retail Credit in the J.D. Power 2025 Canada Dealer Financing Satisfaction Study. For two years in a row, TDAF won two Dealer Satisfaction segments, and has now achieved its eighth consecutive J.D. Power award in the non-captive non-prime segment. J.D. Power, the premier source of benchmark ratings, has been leveraging its methodology to provide unbiased, independent ratings since 1968. The automotive benchmark study, now in its 27th year, captures responses
TORONTO, May 5, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) announced today that it expects catastrophe claims of approximately $50 million after reinsurance and before tax to be reflected in the Bank's Wealth Management & Insurance segment's second-quarter results. Catastrophe claims are insurance claims that relate to any single event that occurred in the relevant fiscal quarter, for which the aggregate insurance claims are equal to or greater than an internal threshold of $5 million before reinsurance. The Bank's internal threshold may change from time to time. The total amount of catastrophe claims presented reflects the estimated pre-tax cost of these claims net
TORONTO, May 1, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its second-quarter financial results and host an earnings conference call on Thursday, May 22, 2025. Financial results will be issued in a press release at approximately 6:00 a.m. ET. The call will be available live via TD's website at 8:00 a.m. ET and is expected to last approximately 60 minutes. The call and audio webcast will feature presentations by TD executives on the Bank's financial results for the second quarter, followed by a question-and-answer period with analysts. Presentation materials will be available on the TD website at www.td.com/investor on May 22, 2025, in advance of the call. A listen-only tel
Vast majority (82%) of small business owners indicate that they are likely to consider applying for a loan or line of credit but overlook the value of expert financial advice Across the U.S., at a baseline, nearly all (94%) small business owners (SBOs) believe that their company is financially prepared for the next 12 to 18 months. But peel back the layers, and SBOs may not actually be as ready as they imply. Nearly three-fourths (72%) of owners believe they can withstand revenue shortfalls for just two quarters – or less – before becoming concerned about the future of their business – and 43% of owners said their business would not survive if they fell short on revenue for three to four m
Report Finds Medical Emergencies and Retirement Preparedness Are Top-of-Mind As today's world is faced with ongoing challenges and unexpected obstacles, including those in the financial industry, how financially prepared are consumers? Forty-four percent of Americans report they think about their financial preparedness every single day, yet 36% of Americans say they are not confident they have enough savings to cover unexpected bills. These significant findings are broken down in TD Bank's inaugural Financial Preparedness Report, Consumer Index where more than 5,000 U.S. adults were surveyed to examine their financial challenges, saving habits, and the actions they are taking to improve t
New TD survey reveals nearly a third of Gen Z still unclear on TFSAs, potentially missing out on long-term, tax-free growth TORONTO, April 23, 2025 /CNW/ - As tax refunds land in Canadians' bank accounts, a new TD survey reveals that Gen Z is leading the charge when it comes to investing their returns—but many may be leaving money on the table. According to the survey, three-quarters (76 per cent) of Gen Z Canadians expecting a tax return this year say they plan to invest it, outpacing both Millennials (60 per cent) and Gen X (48 per cent). Yet despite this enthusiasm, only half (51 per cent) say they have a TFSA (Tax-Free Savings Account) and among those that don't, nearly one-third (30 pe
The expansion of TD's AI research and development center will power enhanced customer experiences for U.S. customers and colleagues As AI continues to transform how businesses operate, TD Bank, America's Most Convenient Bank®, today announced TD Bank Group will open a new Layer 6 office in New York City. As TD's AI research and development center, Layer 6 has driven TD's ability to deploy advanced Machine Learning solutions since it was acquired by TD in 2018. Currently operating from its head office in Toronto's MARS Innovation District, the new Layer 6 office will now grow to more closely support TD Bank, America's Most Convenient Bank®, as well as TD's other U.S. based operations. It w
TORONTO, April 18, 2025 /CNW/ - TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") first quarter earnings to translate into approximately CDN $74 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2025 second quarter. Excluding amortization of acquired intangibles of approximately CDN $9 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $83 million. The share of net income from investment in Schwab and the foreign exchange impact are reported with a one-month lag. On February 12, 2025, the Bank announced the closing of the sale of its entire equity i
TORONTO, April 17, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the April cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of April 29, 2025 will receive a cash distribution per unit of the applicable TD ETF that will be payable on May 6, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.045 TD Target 2025 Investment Grade Bond ETF TBCE $0.066 TD Target 2026 Investment Grade Bond ETF TBCF $0.039 TD Target 2027 Investment Grade Bond ETF TBCG $0.054 TD Target 2028 Investment Grade Bond ETF TBCH $0.043 TD Target 2029 Investmen
TORONTO, April 10, 2025 /CNW/ - TD Bank Group (TD) (TSX:TD) (NYSE:TD) announced today that each of the director nominees listed in the management proxy circular dated February 10, 2025 were elected as directors of TD. The detailed results of the vote for the election of directors held at its Annual Meeting of Common Shareholders earlier today are set out below. Each of the following 14 nominees proposed by management was elected as a director of TD: Nominee Votes For % Votes For Votes Withheld % Votes Withheld Ayman Antoun 832,329,551 98.2 15,671,483 1.8 Ana Arsov 844,150,403 99.5 3,850,631 0.5 Cherie L. Brant 616,753,262 72.7 231,247,772 27.3 Raymond Chun 844,633,120 99.6 3,367,914 0.4 El
TORONTO, March 4, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") today announced that it has filed its notice of annual meeting of common shareholders and management proxy circular ("Circular") with securities regulators. The document is also available online at https://www.td.com/ca/en/about-td/for-investors/investor-relations/annual-meetings. The Circular contains information for shareholders regarding TD's annual meeting, including how shareholders can participate at the meeting and exercise their voting rights on the election of TD's refreshed Board of Directors, the appointment of TD's auditor, and shareholder proposals. Information regarding an advisory vote by shareholders on TD's a
TORONTO, Jan. 31, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX: TD) today announced changes to its Senior Executive Team. Vladimir (Vlad) Shpilsky will lead Platforms and Technology, effective immediately. He will report to Raymond (Ray) Chun, incoming Group President and Chief Executive Officer, TD Bank Group, and will join the Bank's Senior Executive Team. Mr. Shpilsky joined TD last fall as Executive Vice President and U.S. Chief Information Officer from one of the world's largest banks, where he oversaw all aspects of technology delivery and strategy across corporate and investment banking, commercial and business banking, global payments, and enterprise credit. He brings deep e
Raymond Chun to become Group President and CEO on February 1, 2025Board adopts new term limits; five directors to retire at 2025 Annual Meeting of ShareholdersFour new directors to stand for election at 2025 Annual Meeting of ShareholdersNew chairs appointed for four of five Board committeesTORONTO, Jan. 17, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today made the following announcements. CEO Transition Raymond Chun, currently Chief Operating Officer, will be appointed Group President and Chief Executive Officer (CEO) on February 1, 2025, accelerating the previously announced transition date of April 10, 2025. Upon Mr. Chun's appointment, Bharat Masrani will retire
TD Bank, America's Most Convenient Bank®, has named Ralph Bumbaca as Regional President of Metro New York, including New York City, Long Island, Hudson Valley, Upstate New York, Northern New Jersey and Fairfield County, CT. He is based in Manhattan. As Regional President of Metro New York, Bumbaca's leadership will extend across the region's commercial and consumer banking operations, including overseeing approximately 310 stores and multiple lending teams across both small business and regional banking. He will also direct community involvement and giving in the Metro to closely align with local needs. Through close partnerships with Middle Market Lending, TD Wealth and other groups, Bum
Michelle Myers appointed Global Chief Auditor TORONTO, Nov. 22, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX: TD) today announced the appointment of Michelle Myers as Global Chief Auditor effective December 9, 2024. Ms. Myers succeeds Anita O'Dell, Senior Vice President and Global Chief Auditor and Interim U.S. Chief Auditor, who has informed the Bank of her intention to retire. Ms. O'Dell will continue to serve in an advisory role until May 31, 2025. Ms. O'Dell joined the Bank in 2010 and has served in a number of roles, including Global Chief Auditor, U.S. Chief Auditor and Deputy U.S. Chief Auditor. Throughout her tenure at the Bank, she has been recognized for her professional r
LONDON, Aug. 29, 2024 /PRNewswire/ - TD Securities (TDS), a global corporate and investment bank offering integrated capital markets products and services, is pleased to announce the promotion of Carl Hayes, Managing Director, as the new Head of European Cash Equities. Based in London, Carl's appointment supports TDS' continued focus on extending its reach in European equity markets. Carl reports to Sharon Kim, Executive Managing Director and Region Head of Europe, TD Securities and Senior Vice President, TD Bank Group. Carl Hayes, Managing Director and Head of European Cash E
Focus on colleague-led innovation strengthens the Bank's position as the leading F.I. patent filer in Canada TORONTO, May 16, 2024 /PRNewswire/ - TD Bank Group (TD) today announced their North American patent inventor base has grown more than 40% over three years to reach over 1,000 colleagues. The ingenuity and creativity of the Bank's patent inventor community has helped to expand the TD patent portfolio to over 2,500 patent filings – an increase of over 110% – since 2020, with one-in-five patents filed related to AI innovation. In addition to being the number one Canadian financial institution patent filer, TD has been named amongst the top three patent filers across all Canadian companie
TORONTO, March 12, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") today announced that it has filed its notice of annual and special meeting of common shareholders and management proxy circular with securities regulators. The document is also available online at https://www.td.com/ca/en/about-td/for-investors/investor-relations/annual-meetings. The management proxy circular contains information for shareholders regarding TD's annual and special meeting, including exercising voting rights on the election of TD's Board of Directors, the appointment of TD's auditor, amendments to TD's by-laws and shareholder proposals. The by-law amendments include a special resolution to increase the maximu
TORONTO, Nov. 30, 2023 /CNW/ - TD Bank Group is pleased to announce the appointment of Alan MacGibbon as Chair of the Board of Directors, effective February 1, 2024. Alan will succeed Brian Levitt, who will also retire from the Board following the Bank's annual meeting of shareholders on April 18, 2024. Mr. Levitt joined the TD Board in 2008 and has served as Chair since 2011. "Alan's distinguished business career and the respect of his Board colleagues and TD management will enable him to guide the Board into the future," said Mr. Levitt. "I am honoured to have served as Chair and thank the Board, the Senior Executive Team and TD colleagues for their support and dedication over the years."