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The Toronto-Dominion Bank - Stock Quote TD

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Morningstar's The Toronto-Dominion Bank Stock Analysis

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Is it the right time to buy or sell?

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Circling Back on Toronto Dominion After Q2 Earnings; Increasing Our FVE To CAD 99/USD 77

Business Strategy and Outlook

| Eric Compton, CFA |

Toronto-Dominion is one of the two largest banks in Canada by assets and one of six that collectively hold roughly 90% of the nation's banking deposits. The bank derives approximately 55% of its revenue from Canada and 35% from the United States, with the rest from other countries. Toronto-Dominion has done an admirable job of focusing on its Canadian retail operations and growing into number-one or -two market share for most key products in this segment. The bank also has number-two market share for business banking in Canada. With over CAD 400 billion in Canadian assets under management and top-three dealer status in Canada, and being the number-one card issuer in Canada, Toronto-Dominion should remain one of the dominant Canadian banks for years to come.

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The Toronto-Dominion Bank's Company Profile

Business Description

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

Contact
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre
Toronto, ON, M5K 1A2, Canada
T +1 416 944-6367
Industry Banks - Diversified
Most Recent Earnings Apr 30, 2022
Fiscal Year End Oct 31, 2022
Stock Type
Employees 89,464