- TD Bank’s 4Q adjusted EPS was C$1.83, missing the estimated C$1.90.
- The bank’s return on equity was 10.6%.
- The adjusted ROE was +13%, slightly under the estimated +13.7%.
- TD Bank reported a net income of C$2.89 billion.
- The Canadian personal and commercial segment net income was C$1.68 billion.
- The US Retail segment net income was C$1.28 billion.
- Wealth Management & Insurance segment net income was C$501 million.
- Wholesale Banking segment net income was a relatively low C$17 million.
- TD Bank’s revenue was C$13.12 billion, surpassing the estimated C$12.28 billion.
- The bank’s current rating stands at 9 buys, 6 holds, and 1 sell.
Toronto Dominion Bank on Smartkarma
Analysts on Smartkarma have recently released two research reports on Toronto Dominion Bank. The first report, written by Baptista Research and titled “The Toronto-Dominion Bank: Redefining Banking with Strategic Investments! – Major Drivers” has a bullish sentiment. It details how the bank delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings. Revenue increased yearly, mostly due to margin improvement in the company’s retail sectors.
The second report, also written by Baptista Research and titled “The Toronto-Dominion Bank: Failed Acquisition Of First Horizon A Positive For Shareholders? – Key Drivers” is also bullish. It states that Toronto Dominion delivered a mixed result in the recent quarter with revenues above market expectations but it failed to surpass the analyst consensus in terms of earnings. Loan volumes and deposits saw modest growth, although there was a shift towards term deposits and higher-yielding investments.
A look at Toronto Dominion Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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
Toronto Dominion Bank (TD Bank) has a long-term outlook that has been given a score of 3 out of 5 in terms of value and dividend, 4 out of 5 in terms of growth, 2 out of 5 in terms of resilience, and 4 out of 5 in terms of momentum according to Smartkarma Smart Scores. TD Bank is a general banking business with branches and offices located across Canada and in other countries. It offers a wide range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.
TD Bank has scored well in terms of growth and momentum, indicating the company is well-positioned to capitalize on future opportunities. However, its resilience score of 2 out of 5 suggests the company may struggle to adapt to any potential changes in the market. Nevertheless, TD Bank’s long-term outlook remains positive, and its value and dividend scores of 3 out of 5 indicate the company is a reliable investment.
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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