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 |
---|---|---|---|
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 | |
5/23/2024 | Sector Perform → Underperform | National Bank Financial |
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
Inflation and the cost of living was again seen as the biggest financial challenge for Canadians, but this was down 9 per cent from last year's survey TORONTO, Jan. 15, 2025 /CNW/ - After another challenging financial year, a new survey from TD Bank Group has found 49 per cent of Canadians surveyed still foresee inflation/cost of living as their biggest financial challenge this year, although this is down 9 per cent from last year. Canadians appear to be feeling somewhat more financially optimistic as they head into the new year, with 24 per cent also stating they are feeling more confident about their finances in 2025, up 4 per cent from last year. "As 2024 came to a close with a fifth con
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Jan. 14, 2025 /CNW/ - The Toronto-Dominion Bank ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced the pricing of a public offering of EUR 750 million of Fixed Rate Reset Subordinated Notes (Non-Viability Contingent Capital (NVCC)) constituting subordinated indebtedness of the Bank (the "Notes"). The Notes will bear interest at a fixed rate of 4.030% per annum (paid annually) until January 23, 2031, and at the 5-year mid-swap rate plus 1.500% thereafter (paid annually) until maturity on January 23, 2036. The Bank may, at its option, with the prior approval of the Superintendent of Financ
TORONTO, Jan. 14, 2025 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the final annual 2024 reinvested distributions for certain TD Exchange-Traded Funds (the "TD ETFs") listed below. These annual reinvested distributions generally represent realized capital gains within the TD ETFs. Cash distributions for December 2024 have been distributed and reported separately. Unitholders of record on December 31, 2024 received a notional distribution at year-end representing realized taxable amounts within the TD ETFs for the 2024 tax year. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution and
Expanded suite of TD ETFs offers greater flexibility for investors TORONTO, Jan. 14, 2025 /CNW/ - Today, TD Asset Management Inc. (TDAM) announced the addition of five new TD Exchange-Traded Funds (TD ETFs) to its broad solutions suite. "The investment industry is always evolving, and investors need to navigate an often complex environment to minimize their investment risks and maximize returns. Investors can better position themselves by choosing investments suitable for their needs and goals. Our new U.S. dollar ETF offerings can help reduce potential currency volatility, while the extension of our suite of target maturity bond ETFs provides investors with additional avenues to potentiall
TORONTO, Dec. 18, 2024 /CNW/ - Raymond Chun, Chief Operating Officer, TD Bank Group, will present at the RBC Capital Markets Bank CEO Conference in Toronto on Tuesday, January 07, 2025. His presentation will begin at 9:20 a.m. ET. A live audio webcast will be available on the Investor Relations section of TD's website at www.td.com/investor. The webcast will also be archived at the same location. About TD Bank Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves more than 27.9 million customers in four key businesses operating in a number of locations in financial
TORONTO, Dec. 23, 2024 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") announced today that it will exercise its right to redeem all of its 20,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 5 (Non-Viability Contingent Capital) (the "Series 5 Shares") on January 31, 2025 at the price of $25.00 per Series 5 Share for an aggregate total of approximately $500 million. The redemption has been approved by the Office of the Superintendent of Financial Institutions. On December 5, 2024, TD announced that dividends of $0.24225 per Series 5 Share had been declared. These will be the final dividends on the Series 5 Shares, and will be paid in
TORONTO, Dec. 20, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the final annual 2024 reinvested distributions for certain TD Exchange-Traded Funds listed below (the "TD ETFs"). These annual reinvested distributions generally represent realized capital gains within the TD ETFs. Cash distributions for December 2024 will be distributed and reported separately. Unitholders of record as of December 31, 2024 will receive a notional distribution at year-end representing realized capital gains within the TD ETFs for the 2024 tax year. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution
TORONTO, Dec. 20, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the December cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of December 31, 2024 will receive a cash distribution per unit of the applicable TD ETF that will be payable on January 7, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.04000 TD Target 2025 Investment Grade Bond ETF TBCE $0.07300 TD Target 2026 Investment Grade Bond ETF TBCF $0.07700 TD Target 2027 Investment Grade Bond ETF TBCG $0.08300 TD Canadian Bank Dividend Index ETF TBNK $0.10000 TD Target
TORONTO, Dec. 18, 2024 /CNW/ - Raymond Chun, Chief Operating Officer, TD Bank Group, will present at the RBC Capital Markets Bank CEO Conference in Toronto on Tuesday, January 07, 2025. His presentation will begin at 9:20 a.m. ET. A live audio webcast will be available on the Investor Relations section of TD's website at www.td.com/investor. The webcast will also be archived at the same location. About TD Bank Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves more than 27.9 million customers in four key businesses operating in a number of locations in financial
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
National Bank Financial downgraded Toronto-Dominion Bank from Sector Perform to Underperform
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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."
The campaign aims to raise $100 million to help bring healing, reconciliation, knowledge building and empowerment to Indigenous communities in Canada. TORONTO, Sept. 28, 2023 /CNW/ - TD Bank Group (TD) announced today that it has pledged a leadership gift of $5 million over 5 years to the Future Generations Foundation's Beyond Reconciliation Campaign through its global corporate citizenship platform, the TD Ready Commitment. The Canada-wide campaign is focused on raising funds to bolster the work the Foundation has been doing since 1975 to help bridge the gaps left by Indian residential schools in Canada. Funds raised will support Indigenous organizations, groups, and individuals delivering
TORONTO, March 14, 2023 /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 with securities regulators. The document is also available online at http://www.td.com/annual-meeting/2023. The management proxy circular contains information for shareholders regarding TD's annual meeting, including exercising voting rights on the election of TD's Board of Directors, the appointment of TD's auditor and shareholder proposals. Information regarding an advisory vote by shareholders on the approach to executive compensation is also disclosed in the management proxy circular. The meeting will be hel
Industry veteran brings 26 years of cards experience to role WILMINGTON, Del., Oct. 3, 2022 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, today announced the appointment of Christopher Fred as Head of U.S. Credit Cards and Unsecured Lending (CCUL). Fred will lead strategic direction of TD's U.S. Bankcard, Retail Card Services and Card Partnerships business. He will report to Matt Boss, Head of Consumer Products. "It's a very exciting time for our cards business, and we're pleased to have Chris at the helm," Boss said. "He brings decades of experience executing stra
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TORONTO, Dec. 23, 2024 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") announced today that it will exercise its right to redeem all of its 20,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 5 (Non-Viability Contingent Capital) (the "Series 5 Shares") on January 31, 2025 at the price of $25.00 per Series 5 Share for an aggregate total of approximately $500 million. The redemption has been approved by the Office of the Superintendent of Financial Institutions. On December 5, 2024, TD announced that dividends of $0.24225 per Series 5 Share had been declared. These will be the final dividends on the Series 5 Shares, and will be paid in
TORONTO, Dec. 20, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the final annual 2024 reinvested distributions for certain TD Exchange-Traded Funds listed below (the "TD ETFs"). These annual reinvested distributions generally represent realized capital gains within the TD ETFs. Cash distributions for December 2024 will be distributed and reported separately. Unitholders of record as of December 31, 2024 will receive a notional distribution at year-end representing realized capital gains within the TD ETFs for the 2024 tax year. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution
TORONTO, Dec. 20, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the December cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of December 31, 2024 will receive a cash distribution per unit of the applicable TD ETF that will be payable on January 7, 2025, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.04000 TD Target 2025 Investment Grade Bond ETF TBCE $0.07300 TD Target 2026 Investment Grade Bond ETF TBCF $0.07700 TD Target 2027 Investment Grade Bond ETF TBCG $0.08300 TD Canadian Bank Dividend Index ETF TBNK $0.10000 TD Target
Earnings News Release • Three and twelve months ended October 31, 2024 This quarterly earnings news release should be read in conjunction with the Bank's unaudited fourth quarter 2024 consolidated financial results for the year ended October 31, 2024, included in this Earnings News Release and the audited 2024 Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), which is available on TD's website at http://www.td.com/investor/. This analysis is dated December 4, 2024. Unless otherwise indicated, all amounts are expressed in Canadian dollars, and have been primarily d
Earnings News Release • Three and twelve months ended October 31, 2024 FOURTH QUARTER FINANCIAL HIGHLIGHTS, compared with the fourth quarter last year: Reported diluted earnings per share were $1.97, compared with $1.48.Adjusted diluted earnings per share were $1.72, compared with $1.82.Reported net income was $3,635 million, compared with $2,866 million.Adjusted net income was $3,205 million, compared with $3,485 million.FULL YEAR FINANCIAL HIGHLIGHTS, compared with last year: Reported diluted earnings per share were $4.72, compared with $5.52.Adjusted diluted earnings per share were $7.81, compared with $7.91.Reported net income was $8,842 million, compared with $10,634 million.Adjusted n
TORONTO, Nov. 14, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its fourth quarter financial results and host an earnings conference call on Thursday, December 5, 2024. 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 fourth 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 December 5, 2024, in advance of the call. A liste
TORONTO, Nov. 21, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the estimated 2024 reinvested distributions for TD Exchange-Traded Funds (the "TD ETFs"). These annual reinvested distributions generally represent realized capital gains within the TD ETFs. Unitholders of record on December 31, 2024, will receive the actual 2024 reinvested distributions, which may vary from the estimated amounts disclosed below. The actual taxable amounts of reinvested distributions for 2024 will be reported in late December or early 2025. The tax characteristics of the distributions will be reported in early 2025. Cash distributions will be reported separately. Details of the per-unit reinves
TORONTO, Nov. 19, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the November cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of November 27, 2024, will receive a cash distribution per unit of the applicable TD ETF that will be payable on December 5, 2024, as indicated below: Fund Name Fund Ticker CashDistributionPer Unit TD Balanced ETF Portfolio TBAL $0.040 TD Target 2025 Investment Grade Bond ETF TBCE $0.060 TD Target 2026 Investment Grade Bond ETF TBCF $0.064 TD Target 2027 Investment Grade Bond ETF TBCG $0.069 TD Canadian Bank Dividend Index ETF TBNK $0.100 TD Target 2025 U.S.
TORONTO, Nov. 14, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") will release its fourth quarter financial results and host an earnings conference call on Thursday, December 5, 2024. Financial results will be issued in a press release at approximately 6:00 a.m. ET. The call will be available live via TD's website at 9:30 a.m. ET and is expected to last approximately 60 minutes. The call and audio webcast will feature presentations by TD executives on the Bank's financial results for the fourth quarter, followed by a question-and-answer period with analysts. Presentation materials will be available on the TD website at www.td.com/investor on December 5, 2024, in advance of the call. A liste
For the 18th year in a row, certain TD Asset Management Inc. funds were recognized for providing attractive risk-adjusted returns, relative to industry peers TORONTO, Nov. 7, 2024 /CNW/ - A number of investment funds managed by TD Asset Management Inc. ("TDAM") were recognized at the 2024 Canada LSEG Lipper Fund Awards, announced on November 7, 2024. This is the 18th year in a row that TDAM has received this recognition. Two TD Mutual Funds – TD U.S. Monthly Income Fund (US$) and TD North American Dividend Fund – and four TD Exchange-Traded Funds (TD ETFs) – TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB), TD Q Global Dividend ETF (TQGD), TD Active Global Enhanced Dividend ETF (T