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Toronto-Dominion Bank (TD) Rises As Market Takes a Dip: Key Facts
Dominion BankDominion Bank(US:TD) ZACKSยท2024-11-05 00:20

Group 1: Company Performance - Toronto-Dominion Bank (TD) ended the recent trading session at $55.03, showing a +0.07% change from the previous day's closing price, outperforming the S&P 500's 0.28% loss [1] - The stock has decreased by 13.69% over the past month, underperforming compared to the Finance sector's gain of 0.86% and the S&P 500's gain of 0.41% [1] Group 2: Earnings Expectations - Analysts expect Toronto-Dominion Bank to report earnings of $1.35 per share in the upcoming financial results, indicating no growth from the prior-year quarter [2] Group 3: Analyst Estimates and Rankings - Recent changes in analyst estimates for Toronto-Dominion Bank are important as they reflect short-term business trends, with positive revisions indicating analyst optimism [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Toronto-Dominion Bank at 4 (Sell), with a 1.07% decline in the Zacks Consensus EPS estimate over the past month [5] Group 4: Valuation Metrics - Toronto-Dominion Bank has a Forward P/E ratio of 9.18, which is higher than the industry average of 8.11 [6] - The company has a PEG ratio of 1.56, compared to the industry average PEG ratio of 1 [6] Group 5: Industry Context - The Banks - Foreign industry, part of the Finance sector, has a Zacks Industry Rank of 101, placing it in the top 41% of all industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]