|Bid||56.03 x 3200|
|Ask||56.67 x 900|
|Day's Range||56.21 - 56.81|
|52 Week Range||47.73 - 62.00|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||12.54|
|Forward Dividend & Yield||2.22 (3.90%)|
|1y Target Est||64.12|
TORONTO , May 24, 2019 /CNW/ - The Toronto-Dominion Bank ("TD Bank Group" or "TD") today announced a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the "Series 24 Shares"). The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank").
With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and U.S. operations are doing more to increase earnings than their mainstay of domestic consumer lending. “Canadian banking has got the blahs,” said David Baskin, whose Baskin Wealth Management oversees assets totaling C$1.2 billion ($890 million). “I’m not surprised that the domestic operations are pretty flat.
Royal Bank of Canada and Toronto-Dominion Bank, Canada's two largest lenders, beat analysts' estimates for quarterly profit on Thursday as strong loan growth boosted interest income, but a spike in provisions for soured loans spooked investors. Canadian lenders are faced with a sharply slowing economy, a cooling house market, with a record high household debt-to-income ratio stoking concerns of loan losses.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Toronto-Dominion Bank (NYSE: TD ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on May 23, 2019 at 1:30 PM Eastern ...
Royal Bank of Canada, the nation’s largest mortgage lender, reported Thursday that its domestic mortgage book expanded 5.2% in the fiscal second quarter from a year earlier, while Toronto-Dominion Bank’s mortgages and amortizing home-equity lines had a 5.8% increase. The two lenders are bucking the trend for the overall industry, which has seen year-over-year mortgage growth slide to a 17-year low of 3.2% in March, according to the Bank of Canada. Canada’s mortgage-industry slowdown has been spurred partly by government efforts to calm housing markets, particularly in Toronto and Vancouver.
Toronto-Dominion (TD) delivered earnings and revenue surprises of 4.80% and 7.22%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
In the second quarter, credit improved, with the bank setting aside C$633 million for soured loans, down from the first quarter but up 14% from a year earlier.Toronto-Dominion’s 42% stake in the TD Ameritrade Holding Corp. brokerage has provided a streak of record contributions to the U.S. retail segment since the second quarter of 2018.
TD Bank Group reported a 6.7% rise in adjusted second-quarter profit on Thursday, as Canada's second-biggest lender by market value benefited from strong performance in its retail business. Net income, ...
TORONTO , May 23, 2019 /CNW/ - TD Bank Group (TD) (TD) announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX), it intends to launch a normal course issuer bid to repurchase for cancellation up to 20 million of its common shares, representing approximately 1.1% of the 1,829,097,656 common shares issued and outstanding as at April 30 , 2019. TD will file a notice of intention with the TSX in this regard. TD may commence purchases under the bid, continuing for up to one year, after the TSX has accepted the notice of intention. Repurchases will be made through the facilities of the TSX as well as through other designated exchanges and alternative trading systems in Canada in accordance with applicable regulatory requirements. The price paid for such repurchased shares will be the market price of such shares at the time of acquisition or such other price as may be permitted by the TSX.
PHILADELPHIA, May 16, 2019 /PRNewswire/ -- The Mann Center for the Performing Arts today announced a new, multi-year relationship with TD Bank. As part of the relationship, the recently renovated pavilion will become the TD Pavilion at the Mann. "The Mann could not be more thrilled to partner with a company that shares similar beliefs and values, especially those that revolve around giving back and supporting the Philadelphia community," said Catherine M. Cahill, President and CEO of the Mann.
Toronto-Dominion (TD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Just as Apple (NASDAQ: AAPL)previously reached the pinnacle of a $1 trillion market capitalization, Microsoft (NASDAQ: MSFT) stock is poised to do the same. Microsoft stock can not only get to the $1 trillion mark, as Apple did, but also retain it, which AAPL failed to do.Source: Shutterstock MSFT is better diversified than Apple, and the valuation of MSFT stock, which has a price-earnings ratio of 28, is still compelling. The question is: what fundamental strengths does Microsoft have that will enable it to keep growing its revenue and profits, enabling Microsoft stock to rise further? * 10 Retirement Stocks That Won't Wilt in a Bear Market Microsoft to Challenge Amazon Web ServicesAs Barrons reported, Microsoft's Azure, the company's cloud business, is closing the functionality and usability gap between itself and Amazon.com's (NASDAQ: AMZN) cloud unit, AWS (Amazon Web Services).InvestorPlace - Stock Market News, Stock Advice & Trading TipsAzure is providing AWS with tough competition. At Microsoft's Build event this year, it spent a significant amount of time touting Azure. It also talked about its Windows operating system and its Surface tablet hardware.MSFT's comments about Azure suggest the unit's profit margins will rise going forward. Cloud services and software solutions typically are more profitable than hardware products. So, if Microsoft can meaningfully raise Azure's market share from its current 13.7% level, the company's profits could increase significantly, boosting Microsoft stock in the process. Azure's Compelling FeaturesAzure is a true hybrid, hyper-scale cloud solution. Customers get a consistent development environment, whether or not they are connected to the public cloud. Azure Stack extends that hybrid differentiation to allow customers to build and run cloud applications at the edge of their networks. And this feature, unlike VMWare 's(NYSE: VMW) offering, allows customers to build and run virtualized applications on-premise.Moreover, Microsoft expanded the IT security capabilities of Azure by offering Azure Sentinel, which analyzes security signals across the entire organization. The solution uses artificial intelligence to detect, investigate, and respond rapidly to threats. Azure's GrowthIn MSFT's fiscal third quarter, an increase in the number of larger, long-term Azure contracts helped MSFT grow its bookings by 20% year-over-year. The company's Commercial Cloud revenue jumped 41% YoY to more than $9.6 billion.Azure's revenue grew 73%, driven by strong growth in its consumption-based business across all of its customer segments. The Outlook of AzureMSFT forecast that the gross margin of its commercial cloud business would continue to be high. However, that could be offset slightly by a higher mix of IaaS (infrastructure-as-a-service) and PaaS (platform-as-a-service).One thing is certain: MSFT is making positive changes to both the hardware and software used by Azure. As a result, more customers will use premium Azure services, pushing Azure's gross margin higher and providing a positive catalyst to Microsoft stock. Valuation and the Bottom Line on MSFT StockBoth Alibaba Group (NYSE: BABA) and MSFT compete with Amazon.com's AWS, but neither BABA nor Microsoft stock has a similar valuation to AMZN stock. In relative terms, BABA and MSFT stock trade at significantly lower price-earnings multiples than Amazon.com.Even though markets value Microsoft's Azure at a discount, that may change. And when Azure's revenue becomes the biggest part of Microsoft's business,Microsoft stock is sure to trade at or above the $1 trillion level. With Azure growing so fast, that could happen very soon.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Will Microsoft Stock Soon Have a $1 Trillion Market Cap? appeared first on InvestorPlace.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 09 May 2019. New York, May 9, 2019-- ASSIGNMENTS:.
TD Asset Management launches three new ETFs, bringing more choice and value to investors
TORONTO , May 7, 2019 /CNW/ - In a world of rapidly accelerating change and shifting customer expectations, TD believes that it is incumbent on organizations to reimagine responsible business practices to ensure they are helping to make a positive impact on the communities where they do business. To help illustrate TD's commitment to this idea, today TD Bank Group released its first, standalone report – the 2018 Environmental, Social and Governance Performance Report – that details the positive impacts of TD's activities during the 2018 fiscal year, ending October 31, 2018 . Also released today, TD issued its first report measuring its Corporate Citizenship strategy, The Ready Commitment, one year after the strategy was launched.
CHERRY HILL, N.J., May 6, 2019 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, today announced two new appointments to its Residential Lending team in New Jersey: William Westdyk as Regional Sales Manager and Robert Nardone as Mortgage Sales Manager. "As we continue to build our presence in New Jersey, we are identifying and investing in the region's top talent to lead our sales teams and loan originators, many of whom have specialized areas of expertise," said Scott Lindner, National Sales Director for TD Bank Mortgage.