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, 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.

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

As of May 13, 2024, TD stock price climbed to $56.76 with 1,589,565 million shares trading.

TD has a beta of 0.93, meaning it tends to be less sensitive to market movements. TD has a correlation of 0.27 to the broad based SPY ETF.

TD has a market cap of $103.26 billion. This is considered a Large Cap stock.

Last quarter Toronto-Dominion Bank reported $10 billion in Revenue and $1.48 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.08.

In the last 3 years, TD stock traded as high as $86.02 and as low as $54.12.

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

TD has underperformed the market in the last year with a price return of -2.8% while the SPY ETF gained +27.8%. TD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.1% and -4.4%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

TD support price is $56.02 and resistance is $57.23 (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 stock will trade within this expected range on the day.