TD Stock Summary and Trading Ideas (Toronto-Dominion Bank | NYSE:TD)

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

Toronto-Dominion Bank trades on the NYSE stock market under the symbol TD.

As of December 20, 2024, TD stock price climbed to $52.25 with 1,984,768 million shares trading.

TD has a beta of 0.30, meaning it tends to be less sensitive to market movements. TD has a correlation of 0.03 to the broad based SPY ETF.

TD has a market cap of $91.33 billion. This is considered a Large Cap stock.

Last quarter Toronto-Dominion Bank reported $11 billion in Revenue and $1.26 earnings per share. This beat revenue expectation by $1 billion and missed earnings estimates by -$.02.

In the last 3 years, TD traded as high as $86.02 and as low as $51.25.

The top ETF exchange traded funds that TD belongs to (by Net Assets): DFIV, FVD, DFAI, PID, DFIC.

TD has underperformed the market in the last year with a return of -11.4%, while the SPY ETF gained +27.8%. In the last 3 month period, TD fell short of the market, returning -17.9%, while SPY returned +4.4%. However, in the most recent 2 weeks TD has outperformed the stock market by returning +0.6%, while SPY returned -2.4%.

TD support price is $50.98 and resistance is $52.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TD shares will trade within this expected range on the day.