Key Takeaways TD Bank shares fell Thursday morning after the bank reported a surprise loss for the third quarter of fiscal 2024. The net loss was driven by one-time expenses, including billions of dollars set aside for expected fines over investigations into its anti-money laundering practices. TD's earnings also missed estimates after adjusting for one-time expenses. TD Bank (TD) shares lost ground in early trading Thursday after reporting a surprise third-quarter loss, thanks to billions of dollars the co ...

Toronto-Dominion Bank (TD) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.67%. A quarter ago, it was expected that this retail and wholesale bank would post earnings of $1.35 per share when it actually produced earnings of $1.50, delivering a surprise of 11.11%. Over the last four ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Toronto-Dominion Bank (TD) , which belongs to the Zacks Banks - Foreign industry, could be a great candidate to consider. When looking at the last two reports, this retail and wholesale bank has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.32%, on average, in the last two quarters. For the last report ...

If you are looking at the financial sector, here's why this bank, with a 5.1% yield, should be on top of your investment wish list. Toronto-Dominion Bank (TD 0.79%) is yielding 5.1% right now, which is at the high end of the stock's historical yield range. If that's not enough to entice you to invest $1,000, that yield is also around twice the 2.5% yield you'd collect from the average bank, using SPDR S&P Bank ETF as a benchmark. Before you run out and buy the stock, here's a deeper look at why TD Bank is t ...

The market expects Toronto-Dominion Bank (TD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

Core Insights - TD Bank provides a diverse range of mortgage products tailored for various borrowers and financial objectives, with competitive mortgage rates compared to many rivals. However, its services are limited to 15 states and Washington, D.C., restricting its accessibility to a smaller borrower segment [1][6][24]. Mortgage Product Offerings - TD Bank offers multiple types of home loans, including conventional, FHA, VA, jumbo, and medical professional loans, as well as home equity loans and HELOCs. The bank also provides low-down-payment options and down payment assistance programs to enhance affordability [6][8][9]. - The bank's home equity loans come with fixed interest rates and terms ranging from five to 30 years, while HELOCs start at $25,000 with no minimum draw required [10][12]. Borrower Assistance and Tools - TD Bank has various down payment assistance options and offers up to $10,000 in lender credits, which can help borrowers avoid mortgage insurance costs and reduce interest rates [9][25]. - The bank provides online tools and resources for homebuyers, although these can be challenging to locate. The resources include a home lending learning center and mobile apps for managing loans [22][25]. Application and Preapproval Process - Borrowers can apply for a mortgage through TD Bank's website, in person, or over the phone. The application process requires personal information and details about the desired mortgage [18][19]. - TD Bank refers to its preapproval process as "prequalification," which involves a hard credit pull and requires a meeting with a loan officer [20][21]. Rate and Cost Assessment - TD Bank scored 2 out of 5 stars for mortgage rates, indicating a higher-than-median mortgage rate of 6.625% in 2024, and a total loan costs score of 3 out of 5 stars, with near-median total loan costs of $4,966.51 [17][31]. - The bank's rates can be personalized based on location, credit score, and down payment, making it easier for borrowers to understand potential costs [13][25]. Comparison with Competitors - Compared to Bank of America, TD Bank offers a wider variety of mortgage products, including construction loans and second home loans, but has a more limited geographic footprint [24][27]. - While Rocket Mortgage has standout features like a 1%-down loan for first-time buyers, TD Bank provides a broader range of loan options, including HELOCs and medical professional loans [27].

In the latest trading session, Toronto-Dominion Bank (TD) closed at $57.79, marking a +1.16% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.69%. On the other hand, the Dow registered a gain of 1.04%, and the technology-centric Nasdaq increased by 2.43%. The retail and wholesale bank's stock has dropped by 0.21% in the past month, exceeding the Finance sector's loss of 1.73% and the S&P 500's loss of 4.78%. The investment community will be paying close attention to ...

In the latest trading session, Toronto-Dominion Bank (TD) closed at $57.76, marking a -0.77% move from the previous day. This change lagged the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%. The the stock of retail and wholesale bank has risen by 5.91% in the past month, leading the Finance sector's loss of 1.27% and the S&P 500's loss of 0.21%. Investors will be eagerly watching for the performance of Toronto-Dominion Bank in its upcoming earn ...

This bank offers a 5%-plus yield, has paid uninterrupted dividends for over 100 years, and has a conservative culture. Here's why this bad short-term news that led to a 33% decline in TD Bank's share price could create a great buying opportunity for long-term income investors. TD Bank had a deal lined up to buy a regional U.S. bank, a move that would have expanded its reach in the country. As a giant in the highly protected Canadian market, growth has largely come from TD Bank's U.S. arm. It seemed like a s ...

PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Berger Montague PC is currently investigating potential violations of anti-money-laundering ("AML") laws and the federal securities laws, as well as breaches of fiduciary duties on behalf of investors in The Toronto-Dominion Bank ("TD Bank" or the "Company") (NYSE: "TD") during the period of August 26, 2021 through and including May 23, 2024. Berger Montague is investigating, among other things, whether TD Bank failed to disclose that it would likely be requir ...