Toronto Dominion Bank

Toronto Dominion Bank

TD

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Market Cap$191.89B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Toronto Dominion BankToronto Dominion Bank17.62.7%12%1.22.2

Earnings Call Q1 2026

February 26, 2026 - AI Summary

Strong Q1 Performance: TD Bank reported record earnings of $4.2 billion and EPS of $2.44 in Q1 2026, generating an ROE of 14.2%, an increase of 100 basis points year-over-year. This performance reflects robust trading and fee income growth, along with volume growth in Canadian Personal & Commercial Banking.
Cost Management and Efficiency Improvements: The bank is on track to achieve its 3%-4% expense growth target for fiscal 2026, driven by structural cost reduction initiatives aiming for $2 billion to $2.5 billion in savings. The recent restructuring program, which concluded with $886 million in charges, is expected to yield annual cost savings of $775 million, demonstrating the bank's focus on operational efficiency.
Credit Quality Outlook: Impaired PCLs increased due to specific borrowers in wholesale and U.S. commercial lending, indicating potential risks; however, overall credit performance remains in line with expectations. The bank continues to project fiscal 2026 PCLs to fall within a range of 40 to 50 basis points, showcasing a cautious yet optimistic view on credit quality.

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$197.06

Current Fair Value

75.4% upside

Undervalued by 75.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$191.89 Billion
Enterprise Value$460.28 Billion
Dividend Yield$3.08 (2.70%)
Earnings per Share$11.57
Beta0.87
Outstanding Shares1,221,777,000

Return

Return on Equity12.00%ROE
Return on Assets0.72%
Return on Invested Capital1.00%

Valuation & Multiples

P/E Ratio17.57P/E Ratio
PEG-28.42PEG
Price to Sales1.22Price to Sales
Price to Book Ratio1.11Price to Book Ratio
Enterprise Value to Revenue4.09
Enterprise Value to EBIT24.82
Enterprise Value to Net Income30
Total Debt to Enterprise0.6
Debt to Equity2.22Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 28, 2026
EPS Estimate
$1.63
Average shareholder expectation
Revenue Estimate
$11.04 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 27, 2026
EPS Estimate
$1.76
Average shareholder expectation
Revenue Estimate
$10.68 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.3327 14.93%
Total Calls8,121,901 25.22%
Total Puts10,824,256 32.76%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %64.91% 16.61%
Total Invested$74.99B 8.45%
Investors Holding875 31.00%

ESG Score

No data

About Toronto Dominion Bank

89,031 employees
CEO: Bharat Masrani

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 Americaby branches and serves over 26 million customers in three key businesses operating ...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical expertise for all tax bills. Its analysis directly influences corporate tax structures, capital investment credits, and the overall tax burden on financial markets, which profoundly affects TD Bank's operations and financial health.

Finance

As the most powerful economic committee, it controls taxation and trade. Corporate tax policy directly impacts TD Bank's profitability and valuation, while trade policies influence global markets and client businesses, making it highly relevant.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC and plays a key role in defining cryptocurrencies as digital commodities. This is highly relevant to TD Securities (wholesale banking) and its involvement in derivatives markets, as well as the evolving digital asset landscape.

Banking, Housing, and Urban Affairs

This is the primary committee regulating the entire financial system, including the Fed and SEC. It directly impacts bank capital requirements, cryptocurrency regulation, and real estate markets, which are core to TD Bank's U.S. operations and profitability.

Foreign Relations

As a global bank with wholesale operations, TD is directly impacted by U.S. foreign policy, sanctions legislation (e.g., Russia, Iran), and international banking access, all of which fall under this committee's purview.