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 |
|---|---|---|---|
| 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 | |
| 4/17/2024 | Sector Perform → Sector Outperform | Scotiabank | |
| 3/20/2024 | Equal Weight | Barclays | |
| 2/22/2024 | Hold | Jefferies | |
| 12/20/2023 | Sector Outperform → Sector Perform | Scotiabank | |
| 12/18/2023 | Buy | Canaccord Genuity | |
| 12/18/2023 | Buy → Neutral | BofA Securities |
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Seven in 10 Canadian parents also believe their child will face greater financial challenges in life than they did TORONTO, Oct. 31, 2024 /CNW/ - A recent survey by TD Bank Group reveals that nearly three in five (57 per cent) of Canadian parents polled expect to financially support their children after they become adults. However, two-thirds (61 per cent) don't feel very confident in their ability to do so. Among those expecting to support their children into adulthood, one-third (33 per cent) of those surveyed say this is because they believe that the future cost of living (groceries, rent, etc.) won't be manageable for them, with 30 per cent doing so out of concern their children may not
TD is Top SBA lender in Maine-to-Florida footprint; #2 ranked SBA lender nationally TD, America's Most Convenient Bank®, announced today that it ranked No. 1 for the eighth consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2024 fiscal year. TD was also awarded No. 1 rankings in eight states for 7(a) loan units – Eastern Pennsylvania, Florida, Maine, New Hampshire, New Jersey, New York, South Carolina and Washington, D.C. – and is ranked the #2 SBA lender nationwide. In the SBA's 2024 fiscal year (Oct. 1, 2023 – Sept. 30, 2024), TD Bank lent approximately $663 million and approved a total of 4,038 SBA
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Oct. 30, 2024 /CNW/ - The Toronto-Dominion Bank ("TD" or the "Bank") (TSX:TD) (NYSE:TD) today announced the issuance of a private placement offering of JPY 20 billion 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 1.601% per annum (paid semi-annually) until October 30, 2029, and at the Japanese government bond yield plus 1.032% thereafter (paid quarterly) until maturity on October 30, 2034. The Bank may, at its option, with the prior approval of
TORONTO, Oct. 29, 2024 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD Exchange-Traded Funds ("TD ETFs") listed below, announced the following risk rating changes, effective October 29, 2024. TD ETF Ticker Previous Risk Rating New Risk Rating TD Global Technology Innovators Index ETF TECI Medium to High High TD Active Global Income ETF TGFI Low Low to Medium There are no changes to the investment objectives, strategies or management of TD Global Technology Innovators Index ETF or TD Active Global Income ETF associated with the new risk ratings. The risk rating changes will be reflected in the TD ETFs' prospectus and ETF Facts that will be filed on or about October 29
New survey finds that 40% of small business owners surveyed don't have insurance, putting themselves at risk TORONTO, Oct. 28, 2024 /CNW/ - Small businesses are the backbone of the Canadian economy, with 98 per cent of businesses being classified as small businesses. Despite this critical role, many are exposing themselves to unnecessary risks. A recent TD Insurance survey conducted by Maru Public Opinion uncovered that while nearly one in five small business owners say their biggest liability is having their business interrupted, almost 40 per cent of them do not have business insurance - a key tool in keeping their business operating and protected against financial loss should the unexpect
TORONTO, Oct. 24, 2024 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD Managed Assets Program portfolios (the "TD MAP" Portfolios) listed below, announced the following risk rating changes, effective October 24, 2024: TD MAP Portfolio Current Risk Rating New Risk Rating TD Managed Income Portfolio Low Low to Medium TD Managed Income ETF Portfolio Low Low to Medium There are no changes to the investment objectives, strategies or management of the TD MAP Portfolios associated with the new risk ratings. The risk rating changes will be reflected in the TD MAP Portfolios' Simplified Prospectus and Fund Facts that will be filed on or about October 24, 2024. The risk rating change
TORONTO, Oct. 23, 2024 /CNW/ - TD Canada Trust today announced that it has decreased its TD Prime Rate by 50 basis points to 5.95%, effective October 24, 2024. 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 over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment
TORONTO, Oct. 21, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the October cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of October 30, 2024, will receive a cash distribution per unit of the applicable TD ETF that will be payable on November 6, 2024, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.040 TD Target 2025 Investment Grade Bond ETF TBCE $0.070 TD Target 2026 Investment Grade Bond ETF TBCF $0.075 TD Target 2027 Investment Grade Bond ETF TBCG $0.081 TD Canadian Bank Dividend Index ETF TBNK $0.100 TD Target 2025 U.S.
TORONTO, Oct. 16, 2024 /CNW/ - The Toronto-Dominion Bank ("TD") announced today that none of its 20 million Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 1 (Non-Viability Contingent Capital (NVCC)) (the "Series 1 Shares") will be converted on October 31, 2024 into Non-Cumulative Floating Rate Class A First Preferred Shares, Series 2 (NVCC) (the "Series 2 Shares") of TD. During the conversion period, which ran from October 1, 2024 to October 16, 2024, 312,011 Series 1 Shares were tendered for conversion into Series 2 Shares, which is less than the minimum 1,000,000 shares required to give effect to the conversion, as described in the prospectus supplement for the
TORONTO, Oct. 16, 2024 /CNW/ - TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") third quarter earnings to translate into approximately CDN $178 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2024 fourth quarter. Excluding acquisition-related charges of approximately CDN $2 million after-tax and amortization of acquired intangibles of approximately CDN $27 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $207 million. On August 21, 2024, the Bank announced that it had sold 40.5 million shares of common stock of Schwab, which reduced the Bank's
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
Scotiabank upgraded Toronto-Dominion Bank from Sector Perform to Sector Outperform
Barclays initiated coverage of Toronto-Dominion Bank with a rating of Equal Weight
Jefferies initiated coverage of Toronto-Dominion Bank with a rating of Hold
Scotiabank downgraded Toronto-Dominion Bank from Sector Outperform to Sector Perform
Canaccord Genuity resumed coverage of Toronto-Dominion Bank with a rating of Buy
BofA Securities downgraded Toronto-Dominion Bank from Buy to Neutral
TORONTO, Oct. 21, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the October cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of October 30, 2024, will receive a cash distribution per unit of the applicable TD ETF that will be payable on November 6, 2024, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.040 TD Target 2025 Investment Grade Bond ETF TBCE $0.070 TD Target 2026 Investment Grade Bond ETF TBCF $0.075 TD Target 2027 Investment Grade Bond ETF TBCG $0.081 TD Canadian Bank Dividend Index ETF TBNK $0.100 TD Target 2025 U.S.
TORONTO, Oct. 16, 2024 /CNW/ - The Toronto-Dominion Bank ("TD") announced today that none of its 20 million Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 1 (Non-Viability Contingent Capital (NVCC)) (the "Series 1 Shares") will be converted on October 31, 2024 into Non-Cumulative Floating Rate Class A First Preferred Shares, Series 2 (NVCC) (the "Series 2 Shares") of TD. During the conversion period, which ran from October 1, 2024 to October 16, 2024, 312,011 Series 1 Shares were tendered for conversion into Series 2 Shares, which is less than the minimum 1,000,000 shares required to give effect to the conversion, as described in the prospectus supplement for the
TORONTO, Oct. 16, 2024 /CNW/ - TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") third quarter earnings to translate into approximately CDN $178 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2024 fourth quarter. Excluding acquisition-related charges of approximately CDN $2 million after-tax and amortization of acquired intangibles of approximately CDN $27 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $207 million. On August 21, 2024, the Bank announced that it had sold 40.5 million shares of common stock of Schwab, which reduced the Bank's
Acknowledges and takes full responsibility for U.S. AML program failures Significant effort underway to remediate U.S. AML program to meet obligations Working in close cooperation with regulators and authorities; supporting efforts to bring money launderers to justice Strong U.S. business will drive AML program remediation, strengthen operations, and serve customers and communities TORONTO and NEW YORK, Oct. 10, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX: TD) (NYSE:TD) today announced that, following several years of active cooperation and engagement with authorities and regulators, it has reached a resolution of previously disclosed investigations related to its U.S. Bank Secrecy
TORONTO, Oct. 10, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") will host a conference call on Thursday, October 10, 2024. The call will be audio webcast live through TD's website. The time and dial-in details of the conference call will be confirmed later today. 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 over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, inc
TORONTO, Oct. 1, 2024 /CNW/ - The Toronto-Dominion Bank ("TD") announced today the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 1 (Non-Viability Contingent Capital (NVCC)) (the "Series 1 Shares") and Non-Cumulative Floating Rate Class A First Preferred Shares, Series 2 (NVCC) (the "Series 2 Shares"). With respect to any Series 1 Shares that remain outstanding after October 31, 2024, holders of the Series 1 Shares will be entitled to receive quarterly fixed non-cumulative preferential cash dividends, as and when declared by the Board of Directors of TD, subject to the provisions of the Bank Act (Canada). The dividend rate for the 5
TORONTO, Sept. 23, 2024 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding 20,000,000 Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 1 (Non-Viability Contingent Capital (NVCC)) (the "Series 1 Shares") of TD on October 31, 2024. As a result and subject to certain conditions set out in the prospectus supplement dated May 28, 2014 relating to the issuance of the Series 1 Shares, the holders of the Series 1 Shares have the right to convert all or part of their Series 1 Shares, on a one-for-one basis, into Non-Cumulative Floating Rate Class A First
TORONTO, Sept. 19, 2024 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX:TD) (NYSE:TD) and Chief Executive Officer, Bharat Masrani, today announced his intention to retire on April 10, 2025, after 38 years at the Bank and more than a decade as CEO. In line with TD Bank Group's succession plan, the Board of Directors announced that Raymond Chun, Group Head, Canadian Personal Banking will be appointed to the Board of Directors and become Chief Operating Officer, TD Bank Group, reporting to Mr. Masrani, effective November 1, 2024, with responsibility for all of TD's lines of busin
TORONTO, Sept. 19, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the September cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of September 27, 2024 will receive a cash distribution per unit of the applicable TD ETF that will be payable on October 4, 2024, as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.040 TD Target 2025 Investment Grade Bond ETF TBCE $0.062 TD Target 2026 Investment Grade Bond ETF TBCF $0.066 TD Target 2027 Investment Grade Bond ETF TBCG $0.072 TD Canadian Bank Dividend Index ETF TBNK $0.100 TD Target 2025 U.
TORONTO, Sept. 13, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced notional non-cash reinvested distribution ("Notional Distribution") for TD Active U.S. Enhanced Dividend CAD Hedged ETF ("TUEX"). A Notional Distribution occurs when a distribution from a TD ETF is made in the form of units, and then immediately consolidated with the units held prior to the distribution, so that the total number of units held after the distribution is identical to the number of units held prior to the distribution. The Notional Distribution has been made to all TUEX unitholders of record as indicated in the table below: Fund Name TickerSymbol Record Date Non-CashDistributionPer Unit TD Active
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
TORONTO, June 21, 2022 /CNW/ - TD Bank Group (TD) (TSX:TD) (NYSE:TD) is pleased to announce the appointment of Nancy Tower to its Board of Directors. "We are very pleased to welcome Nancy to TD's Board of Directors. Nancy is an accomplished executive with a long track record of business success in both Canada and the United States," said Brian Levitt, Chair of the Board, TD Bank Group. "As TD continues to build for the future, Nancy will also deepen the Board's regulatory, capital markets and operational capabilities." Nancy joins TD's Board after an impressive 24-year career
TORONTO, March 7, 2022 /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 www.td.com/annual-meeting/2022. 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 held virtua
TORONTO, Aug. 26, 2021 /CNW/ - TD Bank Group (TD) (TSX:TD) (NYSE:TD) is pleased to announce the appointment of Cherie Brant to its Board of Directors. She also joins the Board's Risk Committee. "We are very pleased to welcome Cherie to TD's Board of Directors. A trusted advisor to industry leaders and Indigenous groups, Cherie's legal expertise, ESG experience and unique insights will strengthen the Board and the Bank," said Brian Levitt, Chair of the Board, TD Bank Group. "As TD builds for the future and navigates a changing environment, Cherie will also deepen our governan
Futures on U.S. equity indices inched slightly higher in Friday premarket trading after the Fed’s favorite inflation gauge, the Personal Consumption Expenditure (PCE), fell to 2.6% year-on-year in May, as expected. It marked the lowest inflation rate since March 2021, bolstering market expectations for upcoming Fed interest rate cuts. After the PCE price index report, traders increased their wagers on a September rate cut, assigning a 68% chance according to CME Group’s FedWatch tool. Restricting the screener to stocks with a market cap above $50 billion, here are the top performers following the PCE price index report, according to Benzinga Pro. Southern Copper (NYSE:SCCO)1.64%I
- Bloomberg
BMO Capital analyst Sohrab Movahedi maintains Toronto-Dominion Bank (NYSE:TD) with a Market Perform and lowers the price target from $86 to $84.
RBC Capital analyst Darko Mihelic maintains Toronto-Dominion Bank (TSX:TD) with a Outperform and raises the price target from C$87 to C$89.
-Reuters Citing Sources
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