Toronto-Dominion Bank

[Mithrandir77]

 

 

 

Toronto Dominion ist die zweitgrösste Bank Kanadas (nach Marktkapitalisierung), die 6. grösste Filialbank in Nordamerika und eine von wenigen internationalen Banken mit einem Aa1 Rating.

Das Unternehmen hat mehr als 85.000 Mitarbeiter und 24 Millionen Kunden, davon 12 Millionen in Kanada.

 

Es besteht aus drei Hauptgeschäftsteilen:

- Canadian Retail (including TD Canada Trust, TD Commercial Banking, TD Auto Finance (Canada), TD Wealth (Canada) and TD Insurance)

- US Retail (including TD Bank, America’s Most Convenient Bank, TD Auto Finance (U.S.), TD Wealth (U.S.) and TD’s investment in TD Ameritrade)

- Wholesale Banking

Corporate Profile TD Bank Group

In der Vergangenheit gab es eine Reihe von Übernahmen, für dieses Jahr schaut man wie auch vorher eher nach Kreditkarten Portfolios. Früher Käufe in diesem Bereich zahlen sich aktuell aus.

(The firm’s December 2013 purchase of a $3.3 billion Visa Inc. credit-card portfolio from Canadian Imperial Bank of Commerce aided Canadian retail operations, which rose 8 percent from a year earlier.)

 

Die Bank hat ein sehr gutes Filialnetz und lange Öffnungszeiten, daher auch eine sehr hohe Kundenzufriedenheit.

hier ein paar Artikel von Seeking Alpha (dazu natürlich noch Motley Fool Canada):

 

 

TD Bank Long Case: Largest EPS Growth And Heavy Exposure To The American Economy

 

 

Toronto-Dominion Bank Analysis Points Toward Growth

 

 

 

 

hier die Zahlen vom 1. Quartal 2015 die Dividende wurde um 8,5% gesteigert

für 2015 ist das Unternehmen etwas vorsichtig, ein Risiko für Kanada ist natürlich der gefallene Ölpreis und für alle Banken in Nordamerika die Anleihen dieser Industrie, allerdings halten die sich besser als erwartet und der Anteil dieser Kredite ist bei TD auch relativ gering im Vergleich zur Konkurrenz (finde grade keine Grafik dazu, füge ich vielleicht später hinzu)

 

TD has by far the lowest exposure out of its peers, with only 0.75% of its total loans being to the oil and gas sector. This is compared to 2.25% for Royal Bank of Canada and 3% for The Bank of Nova Scotia.

 

generell sind Kanadas Banken sehr stabil, wobei manche (besonders in den USA) auch Anzeichen von einer Immobilienblase sehen, die Situation ist meiner Meinung nach nicht mit der früheren in Amerika vergleichbar

 

Annual Report 2014

 

 

 

 

Was die kanadische Quellensteuer angeht, bitte informiert euch bei eurer Bank ob diese eine Vorabbefreiung anbietet. Tutti (Depot/Zins&Dividende/Transaktionen) müsste die Aktien in Kanada kaufen, bei mir geht es über Tradegate und es fallen keine höheren Gebühren beim Kauf an. Vielleicht könnten wir mal eine Übersicht erstellen wie die verschieden Anbieter das regeln.

 

[Mithrandir77]

Toronto-Dominion Bank Earnings Beat Expectations

 

 

TD, Canada’s second-biggest bank by assets, became the fourth Canadian lender to post stronger-than-expected results for the May-to-July quarter despite a Canadian economy hobbled by lower oil prices.

 

Toronto-based TD recorded earnings of 2.27 billion Canadian dollars ($1.7 billion), or C$1.19 a share, up from C$2.11 billion, or C$1.11, for the same period last year.

 

Adjusted to strip out extraordinary items, earnings were C$1.20 a share for the third quarter. Analysts polled by Thomson Reuters were expecting a profit of C$1.17 a share.

 

“Our results were fueled by good organic growth, continued strong credit performance, favourable currency translation, and positive operating leverage,” Chief Executive Bharat Masrani said in a statement.

 

 

 

 

[Mithrandir77]

TD, CIBC raise their dividends even as loan loss provisions surge

 

 

TD also says its its quarterly dividend will rise by four cents, or eight per cent, to 55 cents per share -- payable on April 30. TD’s provisions for credit losses soared 70 percent in the quarter due to its exposure to the energy sector, which has been ravaged by weak oil prices.

 

 

 

 

[Mithrandir77]

Toronto-Dominion profit rises 10% on higher earnings in U.S., Canada retail banking

[Mithrandir77]

Strong U.S. results lift TD Bank earnings

[Mithrandir77]

Toronto-Dominion, CIBC Profits Rise on Capital Markets Gains

[Mithrandir77]

Toronto-Dominion Raises Dividend as Profit Exceeds Estimates

 

Zitat

Toronto-Dominion Bank said fiscal first-quarter profit rose 14 percent, beating analysts’ estimates, on gains in wholesale banking. The lender raised its dividend 9.1 percent to 60 cents a share.

Toronto-Dominion joins Canada’s five other big banks in posting profit that exceeded forecasts as improving markets helped lift trading revenue and wealth-management results. The Toronto-based bank’s earnings were driven by a 66 percent increase in capital markets, as well as improvements in U.S. retail and domestic banking.

“This has been a sigh-of-relief quarter from the Canadian banks," said Craig Fehr, an investments strategist at Edward Jones & Co. “Much of the relief comes from the fact we continue to see mid-to-upper single-digit growth from their personal-and-commercial banking businesses, which is quite healthy given some of the headwinds in Canada’s economy."

Net income for the period ended Jan. 31 climbed to C$2.53 billion ($1.89 billion), or C$1.32 a share, from C$2.22 billion, or C$1.17, a year earlier, Toronto-Dominion said Thursday in a statement. Adjusted earnings, which exclude some items, were C$1.33 a share, compared with the C$1.27 average estimate of 14 analysts surveyed by Bloomberg.

 

[Mithrandir77]

'Happy bank day': TD's quarterly earnings beat estimates, helped by strength in U.S. retail banking

 

Zitat

 Toronto-Dominion Bank (TD.TO) on Thursday reported second-quarter results which were ahead of market expectations helped by a strong performance at its retail and investment banking businesses.

Canada's second-biggest bank said earnings per share, excluding one-off items, rose to $1.34 in the quarter to April 30, from $1.20 in the same period the previous year. Analysts had on average forecast earnings of $1.24, according to Thomson Reuters I/B/E/S data.

“I think this is happy bank day,” said Richardson GMP Chief Investment Officer Craig Basinger, in an interview with BNN moments after TD released its results.

The bank’s 18 per cent profit growth in U.S. retail banking stood in stark contrast with the surprise drop in U.S. banking profit reported by BMO on Wednesday.

“The U.S. execution side was a little bit of a concern except for the business mix between [TD] and BMO is actually fairly different. So I’m not too surprised that one zigged and the other zagged.”

The bank also said that it had largely completed a review of its sales practices that it initiated after CBC News reported in March that TD branch staffers had said they moved customers to higher fee accounts and raised their overdraft and credit card limits without their knowledge.

"We continue to believe that we do not have a widespread problem with people acting unethically in order to achieve sales goals," Chief Executive Bharat Masrani said in a statement.

Net income rose to $2.5 billion in the quarter from $2.1 billion the previous year.

Net income at the bank's Canadian retail business grew by 7 per cent to $1.6 billion, benefiting from record account balances in personal checking accounts and strong growth in commercial loans and deposits.

 

[Mithrandir77]

TD Bank Q3 profit rises 17% to $2.77 billion, anchored by retail units

 

Zitat

Toronto-Dominion Bank (TSX:TD) is reporting a $2.77-billion profit for its third-quarter, up 17 per cent from the same period last year.

The profit amounted to $1.46 per share in net income and $1.51 per share of adjusted earnings.

The Toronto-based bank’s Canadian retail banking sector accounted for $1.73 billion of net income, up 14 per cent from last year.

The U.S. retail banking arm also saw a 14 per cent increase, to $901 million, while TD’s wholesale banking operation saw its net income fall by three per cent to $293 million.

 

Toronto-Dominion No Longer a Laggard in Canadian Banking Growth

[Mithrandir77]

TD CEO brushes off Great White Short argument as Canadian economy perks up

 

Zitat

"I would just say that Canada is one of the best-growing economies among the G7," he said. "Our fiscal house is more in order than perhaps other countries, and we've had policy moves in Canada to moderate some of the excesses that might have gone on in the real estate business." 

Policy makers at the federal, provincial and municipal levels have been grappling for more than a year with price growth that prompted bubble fears in Vancouver and Toronto. Some of the froth has recently come out of the Toronto market, with average prices falling 20 per cent from the April peak as of mid-August, and Masrani said there's no sign of a "huge, hard landing." 

He went on to applaud policy makers for doing a "fantastic job" of implementing their rules in an orderly fashion. And while a proposal by the Office of the Superintendent of Financial Institutions to expand stress test rules to uninsured mortgages has made waves, TD's CEO isn't protesting.  

"When you're in a rising rate environment, it might not be a bad idea to have some form of stress testing on employment income and whether the debt can be serviced or not." 

As hopeful as Masrani is about Canada's economy, he acknowledged there are "many headwinds out there", pointing specifically to trade on the eve of the second round of NAFTA renegotiations with Mexico and the United States. Tension has been mounting ahead of the discussions amid multiple threats by U.S. President Donald Trump to pull his country out of the trilateral trade agreement.

"Obviously, pulling out of NAFTA would be a big event; I don't think that would happen," Masrani said. "I'm sure sensible results will come out of it."

Despite the unknown about how Trump will handle the NAFTA file and uncertainty about his fiscal agenda, Masrani said there's already clear evidence of a resurgent economy in the United States -- and he's eager to build on TD's presence south of the border.

"If you look at our balance sheet in the U.S., we have a lot more deposits than we have loans. That's normally a good thing; but we'd like to find ways to optimize our balance sheet," he said.

"We like the credit card space and we've been doing a lot of deals in that space. We like the banking side, obviously, and if there were opportunities in the southeast of the U.S. we would look at them very seriously."

 

[Mithrandir77]

TD Bank sails past Q1 profit estimates, boosts dividend

 

Zitat

Toronto-Dominion Bank sailed past first-quarter profit expectations, prompting its CEO to hint the bank could be on pace to top its internal targets this year.

Adjusted profit in the three months ending Jan. 31 rose to $2.95 billion from $2.56 billion a year earlier. On a per share basis, TD earned $1.56. Analysts were expecting $1.46 in adjusted earnings per share.

TD also raised its quarterly dividend 11.7 per cent to 67 cents per share.

Profit in the latest period was powered by double-digit gains in TD's bread-and-butter banking units. Canadian retail earnings rose 12 per cent to $1.76 billion, while adjusted net income in the bank's U.S. retail division surged 23 per cent to US$672 million. 

"All of our businesses are performing well and the operating environment remains favourable," TD CEO Bharat Masrani said in a press release.

"While there are risks on the horizon, if these positive conditions persist, adjusted earnings growth for the full year may exceed our medium-term targets."

 

[Mithrandir77]

TD Bank sails past estimates as second-quarter profit jumps 17%

 

Zitat

TD Bank posted a more than 17 per cent increase in net income in the second quarter compared with a year earlier, blowing past market expectations.

The Toronto-based lender reported Thursday net income attributable to common shareholders of $2.85 billion or $1.54 per diluted share for the quarter ended April 30, up from $2.43 billion or $1.31 per diluted share in the same period a year earlier.

On an adjusted basis, TD Bank said it earned $1.62 per diluted share for the period, compared with $1.34 a year earlier.

Analysts had expected a profit attributable to shareholders of $1.50 per share, according to Thomson Reuters Eikon.

The bank's Canadian retail division's net income totalled $1.83 billion, up 17 per cent compared with last year.

TD Bank said the improvement was due to higher margins, good volume growth and strong credit performance, as well as increased trading volumes and assets under management in its wealth businesses.

TD's U.S. retail arm saw net income rise 16 per cent to $979 million.

Wholesale banking net income totalled $267 million, up eight per cent compared with the same quarter last year, boosted by stronger revenue growth and partially offset by a higher provision for credit losses.

 

[feymo211283]

Hey Mithrandir77,

 

danke für diesen Thread. Habe TD auch seit letztem Jahr im Depot. Habe von einem Bekannten mal den Tipp bekommen, mir diese Bank anzuschauen, da ich immer auf der Suche nach einer

gescheiten Bankaktie für mein Longtermdepot war und Deutsche Bank nur kurzfristig zum Traden nützlich war.

Schön, dass hier noch ein Gleichgesinnter zu finden ist.

 

Bisher ein toller Wert mit einem spiten Geschäftsmodell. Die Fundamentaldaten haben mir auch sehr zugesagt und auch jetzt ist die Bank noch fair bewertet.

Da lohnt der Blick. Bin gespannt wie krisenfest der Wert ist.

[Mithrandir77]

Auf mich macht das kanadische Bankensystem einen sehr stabilen Eindruck. Lokale Immobilienmärkte sind mal etwas heiss gelaufen, da wird aber vom Staat eingegriffen.

Ein Vorteil der Banken dort ist sicher auch die relativ geringe Konkurrenz, die teilen sich dein Heimatmarkt recht gut auf. Hier in Deutschland und er EU haben wir ja einfach zu viele Banken.

Was natürlich alle kanadischen Aktien belastet ist die nicht grade wirtschaftsfreundliche Regierung. Immerhin ist TD noch in den USA vertreten, da hilft die Steuerreform und der stärkere US Dollar.

 

[Mithrandir77]

TD beats third-quarter expectations as profit in U.S. surges 31%

 

 

Zitat

Toronto-Dominion Bank has closed out Big Six earnings season with a profit beat amid double-digit growth in the lender's stateside division.

TD's total fiscal third-quarter net income rose 12 per cent year-over-year to $3.1 billion. On an adjusted basis, the company earned $1.66 per share; analysts, on average, were expecting $1.63 in earnings per share.

The bank's core retail Canadian operations delivered the bulk of the profit, with net income rising seven per cent to $1.85 billion amid loan growth and higher net interest margins after recent interest rate hikes by the Bank of Canada.

But it was TD's U.S. division that delivered the strongest growth, with adjusted net income surging 31 per cent to US$891 million.

 

[feymo211283]

Gute Meldung, schönes Papier.

[Mithrandir77]

TD Bank Group Q2 Canadian, U.S. retail revenue grows Y/Y

 

Zitat

Q2 adjusted net income of C$3.20B (US$2.38B), or C$1.75 (US$1.30) per share beats the consensus estimate of C$1.68.

Compares with C$2.88B, or C$1.57 per share, in Q1 and C$2.99B, or C$1.62 per share, in the year-ago quarter.

Q2 adjusted net interest income of C$5.87B improved from C$5.86B in Q1 and C$5.40B in Q2 2018.

Q2 adjusted return on common equity of 17.0% improved from 15.0% in Q1, but fell from 17.6% in Q2 2018.

Canadian retail adjusted net income of C$1.88B increased 2% Y/Y and revenue rose 8% on increased volumes, higher margins and more assets under management in its wealth business.

U.S. retail adjusted net income of C$1.26B rose 20% Y/Y, with TD Ameritrade contributing C$258M; the U.S. retail bank net income of C$1.01B increased 17% Y/Y on an adjusted basis.

Wholesale banking net income of C$221M fell by C$46M from a year ago due to higher non-interest expenses, partly offset by lower provision for credit losses; wholesale bank continues to invest in the global expansion of its U.S. dollar strategy.

 

[Mithrandir77]

TD Bank Group posts nearly 5 per cent profit but falls short of analysts’ estimates

 

Zitat

Canada’s second-biggest lender TD Bank Group fell short of analysts’ estimates for quarterly profit on Thursday, hurt by higher provisions for loan losses and sluggish growth in its domestic retail unit.

Top banks in the country, including bigger rival Royal Bank of Canada and Bank of Montreal, have seen their provisions, amount set aside to cover bad loans, rise significantly due to elevated household debt loads.

Total provisions at TD Bank jumped 17 per cent to C$655 million in the third quarter ended July 31, as provisions at the domestic retail unit soared 28 per cent.

 

[Mithrandir77]

TD Ameritrade spikes on reports of Charles Schwab takeover talks; deal would boost TD too

 

Zitat

TD owns a 43 per cent stake in Ameritrade — a stake that contributes between eight to 10 per cent of its earnings, according to National Bank analyst Gabriel Dechaine.

Dechaine said the preferred scenario for TD would be an all-stock payout which would likely leave it with a 10-15 per cent stake in the new entity and open up options for the bank in terms of a potential acquisition.

“It becomes less of a core asset and more a strategic one,” Dechaine said. “Suddenly you’ve got an asset you can sell for cash and… we all know, or think we know, that at some point TD is going to make another regional banking acquisition.”

 

[Mithrandir77]

Zitat

Toronto-Dominion Bank (NYSE:TD) says it will own a 13.4% stake in Charles Schwab (NYSE:SCHW) following Schwab's $26B takeover of TD Ameritrade (NASDAQ:AMTD), consisting of up to 9.9% voting common shares and the remainder in non-voting common shares.

TD says the deal adds significant value to its investment, and it expects to record a sizeable revaluation gain at closing.

Also, TD Ameritrade says it has suspended its search for a new CEO because of the deal, after announcing earlier this year that current CEO Tim Hockey would step down by the end of February.

 

TD Bank to own 13% Schwab stake after Ameritrade deal

[Mithrandir77]

Lower profits, higher loan-loss provisions could be ‘new normal’ for Canada's big banks

[Mithrandir77]

TD CEO sees 'meaningful recovery' after COVID-19 lockdowns end

 

Zitat

Masrani also reaffirmed the bank’s commitment to its dividend, echoing his major peers in assuring investors the payout is safe.

“We’ve been paying dividends for a long, long time, including through the financial crisis when a lot of jurisdictions stopped their banks from paying dividends. We have no plans to change our dividend policy at this time,” he said. “We went into this crisis with very good capital levels and the way the bank operates, we should have more than enough [capital to fund the] dividend through the recovery that will come.”

 

[Mithrandir77]

TD meets Q3 estimates as traders help offset plunging U.S. profit

 

Zitat

Net income for the three months ending July 31 was $2.25 billion, compared to $3.25 billion a year earlier. On an adjusted basis, TD earned $1.25 per share in its third quarter; analysts, on average, were expecting $1.23 per share.

The bank set aside $2.19 billion in the latest quarter for loans that could go bad. While that was down sharply from the previous quarter when TD had $3.22 billion in provisions, it was much higher than the $1.66-bilion average estimate from six analysts tracked by Bloomberg.

“The economic recovery will not be without its challenges and much remains uncertain in the near term. We will continue to monitor and adapt to the changing landscape, and be there to support our colleagues and advise the 26 million customers and clients who rely on us today more than ever,” said President and CEO Bharat Masrani in a release Thursday.

Trading desks were a pillar of strength for TD in the latest quarter, as the bank's wholesale operations saw profit surge 81 per cent year-over-year to a record of $442 million.

 

[Wuppi]

... zusammen mit guten Quartalszahlen gibts eine schöne Dividendensteigerung sowie ein neues Buyback Program. Solche Werte machen auf Dauer am meisten Spaß. Unaufgeregt, solide, buy and hold.

[hattifnatt]

vor 59 Minuten von Wuppi:

... zusammen mit guten Quartalszahlen gibts eine schöne Dividendensteigerung sowie ein neues Buyback Program. Solche Werte machen auf Dauer am meisten Spaß. Unaufgeregt, solide, buy and hold.

Ja, die kanadischen Banken machen Freude, wobei es ja letztes Jahr keine Dividendensteigerung wegen Covid gab. Mein YoC ist auch schon bei 5,2%