TD Bank's Q3 2023 Earnings Forecast By Cormark
Cormark, a research company, thinks Toronto-Dominion Bank won't make as much money in Q3 2023 as they thought before. They predict that earnings per share will be $2.15, instead of $2.24. The total earnings for the whole year is expected to be $8.73 per share. Cormark also made guesses about earnings for different parts of 2023 and 2024.
The Toronto-Dominion Bank recently shared its earnings for the quarter ending on March 2nd. The bank reported a C$2.23 EPS, which was higher than the expected C$2.16 EPS by C$0.07. The bank also generated revenue of C$12.23 billion for the quarter, beating the expected C$12.12 billion. Furthermore, the bank had a net margin of 31.78% and a return on equity of 14.29%.
Several analysts have recently released reports on Toronto-Dominion Bank. CIBC, Barclays, and BMO Capital Markets all lowered their price targets. However, Fundamental Research set a higher price target for the stock and rated it as a "buy". Bank of America also decreased their price target. Overall, the consensus rating for Toronto-Dominion Bank is a "Moderate Buy".
TD Bank Stock: How Has It Been Performing?
On Monday, TSE:TD began at C$78.26. Its market cap is C$143.22 billion, PE ratio at 9.46, PEG ratio at 1.06, and beta at 0.84. Its 50 day and 200 day SMAs are C$81.10 and C$86.25, respectively. TD Bank's one year low is C$76.40 and one year high is C$97.13.
TD Bank Insider Trading Activity
Senior Officer Riaz Ahmed sold 37,832 stocks on March 6th for C$89.01 each. The total price was C$3,367,426.32. Only 0.10% of the stocks are still owned by the company insiders. This is the latest news.
TD Bank Declares Dividend Payment
The company will pay a quarterly dividend on July 31st. People who owned shares on July 10th can get $0.96 per share. This is a $3.84 a year dividend and a 4.91% return. If you buy shares after July 7th, you will not get the dividend. Toronto-Dominion Bank gives out 46.43% of its profits as a dividend.
"Get To Know Toronto-Dominion Bank: A Profile"
Toronto-Dominion Bank gives financial products and services in Canada, the United States, and other places. It has different sections including banking, wealth management, and insurance. They offer personal deposits, loans, banking services to businesses, and financing options for car and recreational vehicle purchases.
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Invest $1K In Toronto-Dominion Bank Now?
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