- TD Bank’s 3Q adjusted earnings per share (EPS) were C$2.05, slightly below the estimated C$2.07.
- The bank reported provisions for credit losses amounting to C$1.07 billion.
- Common equity Tier 1 (CET1) ratio stood at 12.8%.
- Adjusted return on equity (ROE) matched estimates at 14.1%.
- Efficiency ratio recorded at 77.7%.
- Canadian personal and commercial net income was reported at C$1.87 billion.
- Wealth Management & Insurance net income totaled C$430 million.
- Wholesale Banking net income came to C$317 million.
- TD Bank’s revenue for the quarter was C$14.18 billion.
- Book value per share was noted at C$57.61, below the estimate of C$58.49.
- Analyst ratings: 8 buys, 6 holds, and 3 sells.
A look at Toronto Dominion Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Toronto Dominion Bank is positioned favorably for the long term. With strong scores in value and dividends, investors may find the stock attractive for potential returns and income generation. Additionally, the bank’s solid momentum score suggests positive market sentiment and potential for continued growth. However, the slightly lower scores in growth and resilience indicate areas that may need attention to ensure sustained performance.
The Toronto-Dominion Bank, known for its broad range of banking services, shows promise for investors seeking value and reliable dividends. While the bank demonstrates momentum in the market, there may be room for improvement in terms of growth and resilience. Overall, the company’s positive scores reflect a foundation of stability and potential growth for investors to consider in their long-term investment strategies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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