Toronto Dominion Bank (NYSE:TD) Risks You Should Know Before Investing

The price of Toronto Dominion Bank (NYSE:TD) shares last traded on Wall Street rose 1.98% to $59.23.

Based on available information, 4 analysts follow Toronto Dominion Bank (NYSE:TD). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $66.00 and a low of $52.61, we find $66.00. Given the previous closing price of $58.08, this indicates a potential upside of 13.64 percent. TD stock price is now -0.10% away from the 50-day moving average and -3.95% away from the 200-day moving average. The market capitalization of the company currently stands at $108.33B.

Among analysts, 2 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $61.54 as their price target over the next twelve months.

A total of 0.15% of the company’s stock is owned by insiders.

A candlestick chart of Toronto Dominion Bank (NYSE: TD) showed a price of $58.88 on Friday morning. During the past 12 months, Toronto Dominion Bank has had a low of $54.69 and a high of $70.67. The fifty day moving average price for TD is $59.28 and a two-hundred day moving average price translates $61.64 for the stock.

The latest earnings results from Toronto Dominion Bank (NYSE: TD) was released for Jul, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.45, missing analysts’ expectations of $1.48 by -0.03. This compares to $1.36 EPS in the same period last year. The net profit margin was 14.56% and return on equity was 13.14% for TD. The company reported revenue of $15.69 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 87.2 percent. For the current quarter, analysts expect TD to generate $9.05B in revenue.

Toronto Dominion Bank(TD) Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. 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. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America’s Most Convenient Bank brand names. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

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