Toronto-Dominion Bank (NYSE: TD) shares currently have a dividend yield of 4.10%. The Toronto-Dominion Bank, together with its subsidiaries, provides financial and banking services in North America and internationally. The company's Canadian Personal and Commercial Banking segment offers various financial products and services to personal and small business customers. The company has a P/E ratio of 11.21. The average volume for Toronto-Dominion Bank has been 597,100 shares per day over the past 30 days. Toronto-Dominion Bank has a market cap of $71.8 billion and is part of the banking industry. Shares are down 7.7% year to date as of the close of trading on Friday. TheStreet Ratings rates Toronto-Dominion Bank as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Highlights from the ratings report include:
- TD's revenue growth has slightly outpaced the industry average of 3.2%. Since the same quarter one year prior, revenues slightly increased by 0.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
- Net operating cash flow has significantly increased by 557.41% to $11,696.00 million when compared to the same quarter last year. In addition, TORONTO DOMINION BANK has also vastly surpassed the industry average cash flow growth rate of 13.25%.
- TORONTO DOMINION BANK reported flat earnings per share in the most recent quarter. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, TORONTO DOMINION BANK increased its bottom line by earning $6.77 versus $6.42 in the prior year.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Commercial Banks industry and the overall market, TORONTO DOMINION BANK's return on equity exceeds that of both the industry average and the S&P 500.
- In its most recent trading session, TD has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- You can view the full Toronto-Dominion Bank Ratings Report.
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