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Toronto Dominion Bank (TSE:TD)
TSX:TD
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.86Last Year’s EPS
2.04Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -0.88%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Neutral
TD Bank presented a mixed earnings call with notable achievements in capital position and strategic restructuring but faced challenges in AML remediation costs and provision for credit losses due to economic uncertainties.Company Guidance
During the TD Bank Group Q1 2025 earnings call, guidance emphasized the bank's strategic review progress, financial performance, and key metrics. TD Bank reported earnings of $3.6 billion and an EPS of $2.02, with a CET1 ratio of 13.1%, which is expected to increase to approximately 14.2% following the sale of its Schwab stake and a proposed $8 billion share buyback. The bank's NIM in Canadian Personal and Commercial Banking was 2.81%, with expectations for it to remain stable, while US Retail's NIM was 2.86%, projected to see substantial expansion. Expense growth for fiscal 2025 is anticipated to be in the 5% to 7% range, influenced by governance and control investments, including US AML remediation costs of USD 500 million. The bank's PCL ratio increased slightly to 50 basis points, reflecting policy and trade uncertainty. The strategic review, focusing on operational excellence and efficiency, is ongoing and is set to culminate in an Investor Day in the second half of 2025.Strong Capital Position
TD Bank's CET1 ratio was 13.1%, expected to rise to approximately 14.2% following the sale of their Schwab stake and an $8 billion share buyback.
Record Performance in Wholesale Banking
Wholesale Banking delivered record revenue over $2 billion, driven by its global markets business, demonstrating the power of the franchise.
Successful Strategic Portfolio Adjustments
TD Bank sold its entire 10.1% stake in Schwab and started a significant share buyback program, receiving regulatory approval to start on March 3.
US Balance Sheet Restructuring Progress
Reduced assets from $434 billion in September to $402 billion in January, with an agreement to sell a $9 billion loan portfolio.
Strong Performance in Wealth Management
Wealth Management delivered record revenue, earnings, and assets, with new accounts up 30% year-over-year.
Positive Revenue Growth
Revenue grew 9% year-over-year, driven by higher trading-related and fee income in market-driven businesses and volumes in Canadian Personal and Commercial Banking.
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TSE:TD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$85.67 | C$86.28 | +0.71% |
| Dec 05, 2024 | C$78.59 | C$73.02 | -7.08% |
| Aug 22, 2024 | C$79.26 | C$77.60 | -2.09% |
| May 23, 2024 | C$73.89 | C$72.70 | -1.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Toronto Dominion Bank (TSE:TD) report earnings?
Toronto Dominion Bank (TSE:TD) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Toronto Dominion Bank (TSE:TD) earnings time?
Toronto Dominion Bank (TSE:TD) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TD EPS forecast?
TSE:TD EPS forecast for the fiscal quarter 2025 (Q2) is 1.86.
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