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Toronto Dominion Bank (TSE:TD)
TSX:TD
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Earnings Data
Report Date
Feb 27, 2025Before Open Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
C$1.96Last Year’s EPS
C$2Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -4.31%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements, such as revenue growth and strategic partnerships, offset by significant challenges related to AML remediation costs, earnings decline, and insurance claims. The bank is undergoing a strategic review and restructuring, which adds uncertainty to future performance metrics.Company Guidance
During the TD Bank Group Q4 2024 earnings call, key guidance metrics were discussed, highlighting the bank's performance and future priorities. Earnings for the quarter were $3.2 billion with an EPS of $1.72, marking an 8% and 5% year-over-year decrease, respectively. Revenue grew by 12%, driven by market-related business fee income and Canadian volume increases. The bank's CET1 ratio stood at 13.1%, reflecting the Schwab shares sale and operational risk impacts. Meanwhile, expenses rose by 11% due to investments in risk infrastructure, with notable items totaling approximately $150 million. The bank declared a $0.03 dividend increase, bringing it to $1.05 per share, and projected a fiscal 2025 expense growth of 5% to 7%. Additionally, the bank has suspended its medium-term adjusted EPS growth, ROE, and operating leverage targets, with a strategic review in progress and updates expected in the second half of 2025.Revenue Growth
Quarterly revenues were up 12% year-over-year, driven by higher fee income in market-related businesses and higher volumes in Canada.
Dividend Increase
Declared a $0.03 dividend increase, bringing the dividend to $1.05 per share.
Record Revenue in Canadian Personal and Commercial Banking
Strong quarter with record revenues, positive operating leverage, and robust loan and deposit growth.
Wealth Management and Insurance Record Revenue
Delivered record revenue and strong underlying business performance this quarter.
TD Securities Performance
Wholesale Banking showed a year-over-year revenue growth with $7.3 billion for the fiscal year, up 25%.
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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 |
|---|---|---|---|
| Dec 05, 2024 | C$79.66 | C$74.02 | -7.08% |
| Aug 22, 2024 | C$80.34 | C$78.66 | -2.09% |
| May 23, 2024 | C$74.89 | C$73.69 | -1.60% |
| Feb 29, 2024 | C$77.61 | C$78.45 | +1.09% |
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 Feb 27, 2025, Before Open Not Confirmed.
What is Toronto Dominion Bank (TSE:TD) earnings time?
Toronto Dominion Bank (TSE:TD) earnings time is at Feb 27, 2025, Before Open 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 (Q1) is C$1.96.
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