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Toronto-Dominion Bank

5/20/2013, 12:47 PM ET

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Wednesday, April 17, 9:04 AM Likely overcapitalized Canadian banks should consider committing to an annual dividend payout ratio of 60-70% each year, argues CIBC's Robert Sedran. He envisions a regular quarterly dividend with a Q4 special payout based on the actual full-year results. "An innovative way to satisfy investors' demand for yield while simultaneously satisfying regulators' demand for prudence." Banks targeted: BMO, BNS, CM, RY, TD. 2 Comments [Financials]
Tuesday, April 16, 2:57 PM TD Bank (TD) expects TD Ameritrade's FQ2 earnings to contribute about $51.9M to the bottom line of the bank's Wealth and Insurance unit. Total TD Bank after-tax income in FQ1 was $1.76B. (PR) 1 Comment [Financials]
Wednesday, April 3, 12:03 PM Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking. 5 Comments [Financials]
Wednesday, April 3, 7:16 AM TD Bank (TD) CEO Ed Clark announces his retirement effective November 1, 2014. The board promotes the head of U.S. operations - Bharat Masrani - to COO with the intention of him becoming CEO when Clark steps down. (PR) Comment! [Financials]
Thursday, March 21, 12:15 PM TD Bank (TD) confirms a cyber attack hit its website this morning, shutting down the bank's mobile app for an hour. Services at ATMs and call centers were uninterrupted. 2 Comments [Financials]
Wednesday, March 13, 4:20 PM Target (TGT) completes the $5.7B sale of its U.S. Visa and private-label card portfolio to TD Bank Group (TD). The agreement includes a seven-year deal for TD to be the exclusive issuer of Target-branded Visa and private label consumer credit cards to TGT's U.S. customers. Comment! [Consumer, M&A]
Wednesday, March 6, 2:27 PM Take a number if you have interest in Bankia's City National Bank of Florida. Among those expected to put in a bid are TD, BBT, PNC as well as two healthier Spanish lenders. Goldman is leading the sale and is asking $900M-$1B, while sources say $600M-$800M will get it done. "It is a nice little property ... but it is not a must-have," says one source, playing it cool. Comment! [Financials, M&A]
Thursday, February 28, 7:41 AM More on TD Bank (TD) FQ1 earnings: Adjusted EPS pf $2/share up 9% Y/Y. Retail business is strong, with Canadian operations posting an 11% income gain Y/Y, U.S. up 12%. U.S. wholesale banking (trading, M&A), a different story, with profit off 18%. Tier 1 capital ratio of 8.8%. Book value/share of $48.78, up from $45 a year ago. (PR) Comment! [Financials, Earnings]
Thursday, February 28, 6:50 AM The Toronto-Dominion Bank (TD) declares $0.81/share quarterly dividend, 5.2% increase from prior dividend of $0.77. Forward yield 3.93%. For shareholders of record Apr. 03. Payable Apr. 30. Ex-div date Apr. 01. (PR) Comment! [Dividends]
Thursday, February 28, 6:47 AM Toronto-Dominion Bank (TD): FQ1 EPS of C$2.00 beats by C$0.07. Revenue of C$5.97B misses by C$0.08B. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, February 28, 12:05 AM Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE Comment! [Earnings]
Wednesday, February 27, 5:30 PM Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE Comment! [Earnings]
Friday, February 22, 12:24 PM After a big 2012 (including garnering an international award), Canadian banks - RY, BMO, TD, BNS, CM - are expected to show the effects of a slowdown in the domestic economy when they report earnings next week. Look for slowing lending as signs abound that the heavily-indebted Canadian consumer is cutting back. 6 Comments [Financials]
Monday, January 28, 1:45 PM Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD. 18 Comments [Financials]
Friday, December 21, 2012, 10:32 AM RBC Capital releases its top global stocks for 2013 and, unsurprisingly, a handful of Canadian companies make the cut: BAM, MGA, SLW, TD, TU, VRX, DLMAF.PK, TFIFF.PK. Among other favorites: CBS, CLH, DFS, PCP, SHW, TUWLF.PK. The firm says the stocks should benefit from both a cyclical recovery and company-specific tailwinds. 1 Comment [Quick Ideas]
Tuesday, December 18, 2012, 2:53 PM PNC Financial, TD Bank, BB&T (BBT) and BankUnited (BKU) are among the potential bidders as Spain's troubled Bankia looks to raise cash by putting its Florida unit - City National Bank of Florida - up for sale. With 26 branches, $4.3B in assets, and a loan book doing quite well for Florida, the business could fetch in the area of $500M. Comment! [Financials, M&A]