Tearsheet

Toronto-Dominion Bank (TD)

Market Price (11/6/2025): $80.43 | Market Cap: $138.1 Bil
Sector: Financials | Industry: Diversified Banks

Toronto-Dominion Bank (TD)

Market Price (11/6/2025): $80.43
Market Cap: $138.1 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 12%	Trading close to highs Dist 52W High is -2.5%, Dist 3Y High is -2.5%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 127%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%, CFO LTM is 19 Bil, FCF LTM is 17 Bil	Weak multi-year price returns 2Y Excs Rtn is -0.9%, 3Y Excs Rtn is -30%
2	Low stock price volatility Vol 12M is 17%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 12%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%, CFO LTM is 19 Bil, FCF LTM is 17 Bil
2	Low stock price volatility Vol 12M is 17%
3	Trading close to highs Dist 52W High is -2.5%, Dist 3Y High is -2.5%
4	Weak multi-year price returns 2Y Excs Rtn is -0.9%, 3Y Excs Rtn is -30%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 127%

Market Valuation & Key Metrics

	11/6/25	2024	2023	2022	2021
Share Price CYE	$80.43	$50.63	$58.47	$55.92	$63.69
Market Cap CYE ($ Bil)	138.1	88.5	105.6	101.3	115.9
Total Debt ($ Bil)	421.3	460.7	401.8	374.0	256.8
Total Cash ($ Bil)	122.5	178.0	105.1	145.9	165.9
Enterprise Value ($ Bil)	436.8	549.2	507.4	475.3	372.7
Valuation Ratios
P/S TTM	2.3	1.7	2.3	2.6	3.3
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	6.6	10.6	11.1	6.7	9.8
Sector Ratios
P/S TTM (Sector)	3.1	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	6.3	6.9	7.0	6.7	6.8
P/E TTM (Sector)	12.1	11.5	10.1	9.3	9.9

	11/6/25	2024	2023
Share Price CYE	$80.43	$50.63	$58.47
Market Cap CYE ($ Bil)	138.1	88.5	105.6
Total Debt ($ Bil)	421.3	460.7	401.8
Total Cash ($ Bil)	122.5	178.0	105.1
Enterprise Value ($ Bil)	436.8	549.2	507.4
Valuation Ratios
P/S TTM	2.3	1.7	2.3
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	6.6	10.6	11.1
Sector Ratios
P/S TTM (Sector)	3.1	3.1	2.8
P/EBIT TTM (Sector)	6.3	6.9	7.0
P/E TTM (Sector)	12.1	11.5	10.1

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TD Stock

Return (1M):

Factor Drivers of Stock Movement

The 11.3% change in TD stock from 8/6/2025 to 11/5/2025 was primarily driven by a 17.5% change in the company's Net Income Margin (%).

	8062025	11052025	Change
Stock Price ($)	72.47	80.66	11.30%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	58761.00	60130.00	2.33%
Net Income Margin (%)	29.57%	34.75%	17.50%
P/E Multiple	7.26	6.63	-8.71%
Shares Outstanding (Mil)	1740.50	1716.70	1.37%
Cumulative Contribution			11.27%

LTM = Last Twelve Months as of date shown

The 30.8% change in TD stock from 5/7/2025 to 11/5/2025 was primarily driven by a 126.8% change in the company's Net Income Margin (%).

	5072025	11052025	Change
Stock Price ($)	61.65	80.66	30.83%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	57516.00	60130.00	4.54%
Net Income Margin (%)	15.32%	34.75%	126.82%
P/E Multiple	12.24	6.63	-45.87%
Shares Outstanding (Mil)	1749.90	1716.70	1.90%
Cumulative Contribution			30.78%

LTM = Last Twelve Months as of date shown

The 52.3% change in TD stock from 11/5/2024 to 11/5/2025 was primarily driven by a 135.1% change in the company's Net Income Margin (%).

	11052024	11052025	Change
Stock Price ($)	52.95	80.66	52.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	54626.00	60130.00	10.08%
Net Income Margin (%)	14.78%	34.75%	135.11%
P/E Multiple	11.46	6.63	-42.19%
Shares Outstanding (Mil)	1747.80	1716.70	1.78%
Cumulative Contribution			52.27%

LTM = Last Twelve Months as of date shown

The 43.1% change in TD stock from 11/6/2022 to 11/5/2025 was primarily driven by a 35.3% change in the company's Total Revenues ($ Mil).

	11062022	11052025	Change
Stock Price ($)	56.35	80.66	43.13%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	44441.00	60130.00	35.30%
Net Income Margin (%)	32.72%	34.75%	6.21%
P/E Multiple	6.99	6.63	-5.25%
Shares Outstanding (Mil)	1804.50	1716.70	4.87%
Cumulative Contribution			42.79%

LTM = Last Twelve Months as of date shown

Why The Stock Moved

AI Generated Analysis | Feedback

I cannot provide an analysis of the stock movement for Toronto-Dominion Bank (TD) for the period from July 31, 2025, to November 6, 2025, as this time frame is in the future. Stock market movements and their causes can only be analyzed based on past and current events.

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TD Return	6%	41%	-12%	5%	-13%	59%	89%
Peers Return	-22%	32%	-13%	23%	40%	36%	111%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
TD Win Rate	50%	67%	50%	50%	42%	100%
Peers Win Rate	42%	58%	42%	60%	65%	68%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
TD Max Drawdown	-39%	-0%	-21%	-12%	-16%	-0%
Peers Max Drawdown	-52%	-2%	-26%	-11%	-4%	-13%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: C, JPM, BAC, WFC, HSBC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/5/2025 (YTD)

How Low Can It Go

Unique Key	Event	TD	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-33.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	50.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-41.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	69.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	289 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-21.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	792 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-65.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	193.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	694 days	1480 days

Compare to C, JPM, BAC, WFC, HSBC

In The Past

Toronto-Dominion Bank's stock fell -33.7% during the 2022 Inflation Shock from a high on 2/16/2022. A -33.7% loss requires a 50.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

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Better Bets than Toronto-Dominion Bank (TD)

	TD	Better Performance than TD
Metric	Value	Industry (Diversified Banks)
Rev Chg LTM	10.1%	RY (16.4%), CM (13.2%), BCS (12.0%), TFC (55.5%)
Rev Chg 3Y Avg	10.6%	JPM (13.4%), UBS (10.9%)
CFO/Rev LTM	32.4%	BAC (57.3%), RY (135.4%), BNS (52.2%), CM (61.6%), USB (35.1%)
FCF/Rev LTM	28.7%	BAC (57.3%), RY (131.7%), BNS (51.3%), CM (57.6%), USB (35.1%)
Total Yield	15.1%	NTB (15.2%)

	TD	Better Performance than TD
Metric	Value	Sector (Financials)
Rev Chg LTM	10.1%	V (11.4%), MA (14.6%), MS (17.6%), GS (15.2%), RY (16.4%)
Rev Chg 3Y Avg	10.6%	BRK-B (19.8%), JPM (13.4%), V (11.5%), MA (13.2%), AXP (11.6%)
CFO/Rev LTM	32.4%	V (60.4%), MA (56.1%), BAC (57.3%), RY (135.4%), SCHW (82.3%)
FCF/Rev LTM	28.7%	V (56.8%), MA (52.5%), BAC (57.3%), RY (131.7%), SCHW (79.4%)
Total Yield	15.1%	MFC (16.3%), ALL (18.3%), BAP (30.2%), ARCC (18.1%), CNA (16.8%)

	TD	Better Performance than TD
Metric	Value	All Other Sectors
Rev Chg LTM	10.1%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg	10.6%	NVDA (92.0%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%), AVGO (24.0%)
CFO/Rev LTM	32.4%	NVDA (46.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%), META (56.8%)
FCF/Rev LTM	28.7%	NVDA (43.6%), AVGO (41.6%), PLTR (46.0%), ABBV (33.0%), CRM (31.6%)
Total Yield	15.1%	BABA (38.3%), TM (2238.3%), VZ (18.6%), CMCSA (26.7%), MO (16.3%)

		Best Bets In Financials Sector
	TD	OTF	MTG	NMIH	CACC	ENVA	FNF	ACGL	APAM	FI	FHI
What You Pay
P/E	6.6	13.4	8.5	7.5	11.2	10.9	13.9	8.7	11.0	10.4	9.8
P/EBIT	�	9.2	6.5	5.5	8.9	8.4	8.9	7.7	6.3	5.7	7.0
What You Get
Rev Chg Q	9.7%	1,228.5%	-0.7%	7.6%	6.0%	16.3%	16.8%	22.4%	7.8%	8.0%	14.9%
Rev Chg LTM	10.1%	89.0%	2.2%	8.9%	10.2%	21.1%	7.4%	23.5%	8.9%	6.7%	9.0%
Rev Chg 3Y Avg	10.6%	221.9%	1.2%	10.3%	7.6%	23.5%	-0.7%	29.8%	2.9%	7.5%	7.9%
FCF/Rev 3Y Avg	-50.2%	76.2%	62.2%	58.4%	55.6%	54.7%	50.8%	38.4%	27.3%	20.7%	18.5%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Fundamental Metrics: ...

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to TD. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BRO_10312025_Dip_Buyer_FCFYield	10312025	BRO	Brown & Brown	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.4%	-2.4%	-2.4%
CPAY_10312025_Dip_Buyer_FCFYield	10312025	CPAY	Corpay	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
EEFT_10312025_Dip_Buyer_FCFYield	10312025	EEFT	Euronet Worldwide	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-3.5%	-3.5%	-3.5%
GPN_10312025_Dip_Buyer_FCFYield	10312025	GPN	Global Payments	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.9%	1.9%	-0.8%
APO_10102025_Dip_Buyer_FCFYield	10102025	APO	Apollo Asset Management	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.1%	13.1%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BRO_10312025_Dip_Buyer_FCFYield	10312025	BRO	Brown & Brown	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.4%	-2.4%	-2.4%
CPAY_10312025_Dip_Buyer_FCFYield	10312025	CPAY	Corpay	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
EEFT_10312025_Dip_Buyer_FCFYield	10312025	EEFT	Euronet Worldwide	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-3.5%	-3.5%	-3.5%
GPN_10312025_Dip_Buyer_FCFYield	10312025	GPN	Global Payments	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.9%	1.9%	-0.8%
APO_10102025_Dip_Buyer_FCFYield	10102025	APO	Apollo Asset Management	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	13.1%	13.1%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SLDP	Solid Power	1.5	51.6%	350.3%
LMND	Lemonade	5.8	34.2%	114.6%
RIGL	Rigel Pharmaceuticals	0.7	33.4%	125.0%
TDC	Teradata	2.6	32.6%	-11.8%
KW	Kennedy-Wilson	1.4	31.2%	2.7%
SEDG	SolarEdge Technologies	2.4	28.9%	201.6%
VCYT	Veracyte	3.6	27.5%	16.3%
AIP	Arteris	0.6	26.1%	52.4%
DAWN	Day One Biopharmaceuticals	0.9	25.2%	-27.9%
ALGT	Allegiant Travel	1.3	25.1%	-22.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BHVN	Biohaven	0.9	-40.2%	-77.7%
TREX	Trex	3.5	-31.1%	-53.0%
SLNO	Soleno Therapeutics	2.4	-26.6%	4.3%
PRGO	Perrigo	2.1	-25.2%	-39.3%
WWW	Wolverine World Wide	1.4	-24.3%	-23.1%
PINS	Pinterest	17.4	-21.8%	-11.2%
ACMR	ACM Research	2.0	-19.9%	106.2%
RPD	Rapid7	0.9	-19.9%	-64.6%
INNV	InnovAge	0.5	-17.6%	1.5%
SUPN	Supernus Pharmaceuticals	2.6	-17.4%	30.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TERN	Terns Pharmaceuticals	1.7	126.8%	228.3%
SLDP	Solid Power	1.5	54.2%	350.3%
CSIQ	Canadian Solar	1.7	42.3%	124.8%
CSTL	Castle Biosciences	1.0	41.4%	26.0%
MTSR	Metsera	7.5	36.7%	71379900.0%
GH	Guardant Health	11.8	31.5%	211.1%
KW	Kennedy-Wilson	1.4	31.4%	2.7%
TDC	Teradata	2.6	30.5%	-11.8%
VCYT	Veracyte	3.6	30.0%	16.3%
DAWN	Day One Biopharmaceuticals	0.9	29.8%	-27.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QURE	uniQure	1.4	-63.1%	47.6%
SOC	Sable Offshore	0.5	-57.2%	-75.2%
FMC	FMC	1.7	-54.0%	-71.3%
BHVN	Biohaven	0.9	-53.9%	-77.7%
DD	DuPont de Nemours	16.6	-51.8%	-47.2%
ALVO	Alvotech	1.4	-38.2%	-63.1%
WOLF	Wolfspeed	3.2	-36.7%
SVV	Savers Value Village	1.3	-35.2%	-16.1%
NWL	Newell Brands	1.3	-34.7%	-66.5%
APLS	Apellis Pharmaceuticals	2.5	-33.6%	-37.5%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PRAX	Praxis Precision Medicines	3.5	216.4%	113.9%
INBX	Inhibrx Biosciences	1.3	145.6%	434.2%
TERN	Terns Pharmaceuticals	1.7	127.7%	228.3%
VTYX	Ventyx Biosciences	0.6	126.1%	311.0%
PUMP	ProPetro	1.1	99.3%	16.2%
VICR	Vicor	4.3	95.1%	96.4%
REPL	Replimune	0.8	84.5%	-29.1%
SNDK	SanDisk	31.4	79.0%
CSIQ	Canadian Solar	1.7	73.3%	124.8%
ATXS	Astria Therapeutics	0.7	68.9%	41.2%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SOC	Sable Offshore	0.5	-70.6%	-75.2%
FMC	FMC	1.7	-57.1%	-71.3%
QURE	uniQure	1.4	-55.0%	47.6%
DD	DuPont de Nemours	16.6	-49.8%	-47.2%
FI	Fiserv	35.3	-49.5%	-68.8%
LRN	Stride	3.1	-48.6%	-30.8%
ONDS	Ondas	0.9	-45.9%	134.4%
BHVN	Biohaven	0.9	-44.5%	-77.7%
LAC	Lithium Americas	1.0	-44.3%	55.2%
ALVO	Alvotech	1.4	-43.5%	-63.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
SLDP	Solid Power	1.5	51.6%	350.3%
LMND	Lemonade	5.8	34.2%	114.6%
RIGL	Rigel Pharmaceuticals	0.7	33.4%	125.0%
TDC	Teradata	2.6	32.6%	-11.8%
KW	Kennedy-Wilson	1.4	31.2%	2.7%
SEDG	SolarEdge Technologies	2.4	28.9%	201.6%
VCYT	Veracyte	3.6	27.5%	16.3%
AIP	Arteris	0.6	26.1%	52.4%
DAWN	Day One Biopharmaceuticals	0.9	25.2%	-27.9%
ALGT	Allegiant Travel	1.3	25.1%	-22.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BHVN	Biohaven	0.9	-40.2%	-77.7%
TREX	Trex	3.5	-31.1%	-53.0%
SLNO	Soleno Therapeutics	2.4	-26.6%	4.3%
PRGO	Perrigo	2.1	-25.2%	-39.3%
WWW	Wolverine World Wide	1.4	-24.3%	-23.1%
PINS	Pinterest	17.4	-21.8%	-11.2%
ACMR	ACM Research	2.0	-19.9%	106.2%
RPD	Rapid7	0.9	-19.9%	-64.6%
INNV	InnovAge	0.5	-17.6%	1.5%
SUPN	Supernus Pharmaceuticals	2.6	-17.4%	30.3%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TERN	Terns Pharmaceuticals	1.7	126.8%	228.3%
SLDP	Solid Power	1.5	54.2%	350.3%
CSIQ	Canadian Solar	1.7	42.3%	124.8%
CSTL	Castle Biosciences	1.0	41.4%	26.0%
MTSR	Metsera	7.5	36.7%	71379900.0%
GH	Guardant Health	11.8	31.5%	211.1%
KW	Kennedy-Wilson	1.4	31.4%	2.7%
TDC	Teradata	2.6	30.5%	-11.8%
VCYT	Veracyte	3.6	30.0%	16.3%
DAWN	Day One Biopharmaceuticals	0.9	29.8%	-27.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QURE	uniQure	1.4	-63.1%	47.6%
SOC	Sable Offshore	0.5	-57.2%	-75.2%
FMC	FMC	1.7	-54.0%	-71.3%
BHVN	Biohaven	0.9	-53.9%	-77.7%
DD	DuPont de Nemours	16.6	-51.8%	-47.2%
ALVO	Alvotech	1.4	-38.2%	-63.1%
WOLF	Wolfspeed	3.2	-36.7%
SVV	Savers Value Village	1.3	-35.2%	-16.1%
NWL	Newell Brands	1.3	-34.7%	-66.5%
APLS	Apellis Pharmaceuticals	2.5	-33.6%	-37.5%

Peer Comparisons for Toronto-Dominion Bank

Financials

	TD	C	JPM	BAC	WFC	HSBC	Median
Name	Toronto-.	Citigroup	JPMorgan.	Bank of .	Wells Fa.	HSBC
Mkt Price	80.66	101.69	311.68	52.45	86.95	70.92	83.81
Mkt Cap	138.5	188.7	861.0	391.6	276.7	245.3	261.0
Rev LTM	60,130	83,113	179,430	107,264	82,532	70,046	82,822
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	17,240	-93,686	-119,748	61,472	-14,218	-	-14,218
FCF 3Y Avg	-24,666	-65,690	-65,107	34,244	9,172	-	-24,666
CFO LTM	19,461	-87,165	-119,748	61,472	-14,218	-	-14,218
CFO 3Y Avg	-22,669	-59,182	-65,107	34,244	9,172	-	-22,669

Growth & Margins

	TD	C	JPM	BAC	WFC	HSBC	Median
Name	Toronto-.	Citigroup	JPMorgan.	Bank of .	Wells Fa.	HSBC
Rev Chg LTM	10.1%	6.3%	8.6%	8.9%	0.2%	6.6%	7.6%
Rev Chg 3Y Avg	10.6%	4.3%	13.4%	5.2%	2.9%	9.4%	7.3%
Rev Chg Q	9.7%	8.1%	8.8%	10.8%	5.3%	5.8%	8.5%
QoQ Delta Rev Chg LTM	2.3%	2.0%	2.1%	2.6%	1.3%	1.4%	2.1%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	32.4%	-104.9%	-66.7%	57.3%	-17.2%	-	-17.2%
CFO/Rev 3Y Avg	-46.6%	-74.6%	-36.4%	32.7%	11.2%	-	-36.4%
FCF/Rev LTM	28.7%	-112.7%	-66.7%	57.3%	-17.2%	-	-17.2%
FCF/Rev 3Y Avg	-50.2%	-82.8%	-36.4%	32.7%	11.2%	-	-36.4%

Valuation

	TD	C	JPM	BAC	WFC	HSBC	Median
Name	Toronto-.	Citigroup	JPMorgan.	Bank of .	Wells Fa.	HSBC
Mkt Cap	138.5	188.7	861.0	391.6	276.7	245.3	261.0
P/S	2.3	2.3	4.8	3.7	3.4	3.5	3.4
P/EBIT	-	-	-	-	-	-	-
P/E	6.6	13.3	14.8	13.2	13.1	13.9	13.3
P/CFO	7.1	-2.2	-7.2	6.4	-19.5	-	-2.2
Total Yield	15.1%	7.5%	6.7%	7.6%	9.5%	7.2%	7.5%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	1.9%	0.0%	0.0%
FCF Yield 3Y Avg	-22.8%	-56.0%	-7.5%	11.7%	6.9%	-	-7.5%
D/E	3.0	2.0	0.6	0.9	0.8	0.4	0.9
Net D/E	1.3	-1.0	-0.3	-0.7	-0.6	-0.6	-0.6

Returns

	TD	C	JPM	BAC	WFC	HSBC	Median
Name	Toronto-.	Citigroup	JPMorgan.	Bank of .	Wells Fa.	HSBC
1M Rtn	0.6%	4.3%	0.8%	4.1%	7.8%	-0.8%	2.4%
3M Rtn	11.3%	10.9%	7.5%	16.1%	12.0%	14.0%	11.7%
6M Rtn	30.8%	46.6%	26.2%	29.6%	20.2%	28.1%	28.9%
12M Rtn	52.3%	64.1%	43.7%	28.2%	38.7%	59.0%	48.0%
3Y Rtn	43.1%	151.3%	156.8%	54.3%	100.1%	211.9%	125.7%
1M Excs Rtn	-0.2%	3.4%	0.1%	3.1%	5.9%	-0.9%	1.6%
3M Excs Rtn	5.0%	4.9%	2.0%	10.2%	5.7%	6.3%	5.3%
6M Excs Rtn	10.1%	25.9%	5.5%	8.9%	-0.5%	7.4%	8.2%
12M Excs Rtn	35.6%	46.9%	24.1%	9.9%	18.8%	44.1%	29.9%
3Y Excs Rtn	-29.6%	74.6%	91.1%	-18.0%	29.2%	163.4%	51.9%

Financials

Annual
Quarterly

$ Mil \| FY: 10/31	LTM	2024	2023	2022	2021	2020	2019
Period End	7/31/2025	10/31/2024	10/31/2023	10/31/2022	10/31/2021	10/31/2020	10/31/2019
Filing Date	8/28/2025	12/4/2024	11/29/2023	12/1/2022	12/2/2021	12/3/2020	12/4/2019
Key Financials
Total Revenue	60,130	56,256	51,524	45,762	42,266	43,284	40,729
Net Income	20,893	8,842	10,634	17,429	14,298	11,895	11,668
EPS	11.68	4.73	5.53	9.48	7.73	6.43	6.26
Growth Rates
Total Revenue Growth	10.1%	9.2%	12.6%	8.3%	-2.4%	6.3%	5.7%
Net Income Growth	158.8%	-16.9%	-39.0%	21.9%	20.2%	1.9%	3.6%
Margins
Net Income Margin	34.7%	15.7%	20.6%	38.1%	33.8%	27.5%	28.6%
Cash & Debt
Total Cash	245,261	230,491	116,512	156,978	194,673	195,503	52,568
Total Debt	421,261	460,663	401,809	374,036	256,764	258,494	280,830
Net Debt / (Cash)	176,000	230,172	285,297	217,058	62,091	62,991	228,262
Cash Flows
Net Cash from Operations	19,461	54,937	-65,302	38,949	50,129	229,607	830
Free Cash from Operations	17,240	52,760	-67,146	37,495	49,000	228,346	-555
Returns to Shareholders
Dividends	7,537	7,160	5,825	6,665	5,555	3,660	5,157
Share Repurchases	19,483	17,131	13,234	14,302	11,764	9,877	12,168

$ Mil \| FY: 10/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022
Filing Date	8/28/2025	5/22/2025	2/27/2025	12/4/2024	8/22/2024	5/23/2024	2/29/2024	11/29/2023	8/24/2023	5/25/2023	3/2/2023	12/1/2022
Key Financials Quarterly
Total Revenue	15,482	15,004	14,901	14,743	14,113	13,759	13,641	13,113	12,966	12,460	12,985	11,926
Net Income	3,336	11,129	2,793	3,635	-181	2,564	2,824	2,866	2,881	3,306	1,581	6,671
EPS	1.89	6.28	1.55	1.96	-0.14	1.35	1.55	1.48	1.53	1.69	0.82	3.62
Key Financials TTM
Total Revenue TTM	60,130	58,761	57,516	56,256	54,626	53,479	52,180	51,524	50,337	48,874	47,355	45,538
Net Income TTM	20,893	17,376	8,811	8,842	8,073	11,135	11,877	10,634	14,439	14,772	15,277	17,429
Growth Rates Quarterly
Total Revenue Growth	9.7%	9.0%	9.2%	12.4%	8.8%	10.4%	5.1%	10.0%	12.7%	13.9%	16.3%	10.1%
Net Income Growth	1943.1%	334.0%	-1.1%	26.8%	-106.3%	-22.4%	78.6%	-57.0%	-10.4%	-13.3%	-57.6%	76.4%
Margins Quarterly
Net Income Margin	21.5%	74.2%	18.7%	24.7%	-1.3%	18.6%	20.7%	21.9%	22.2%	26.5%	12.2%	55.9%
Cash & Debt
Total Cash	245,261	262,503	251,466	230,491	175,568	169,013	155,451	116,512	157,799	182,217	220,186	156,978
Total Debt	421,261	440,305	465,741	460,663	428,304	412,788	399,869	401,809	392,410	425,569	421,313	374,036
Net Debt / (Cash)	176,000	177,802	214,275	230,172	252,736	243,775	244,418	285,297	234,611	243,352	201,127	217,058
Cash Flows Quarterly
FCF from Operations	-21,692	11,738	-50,279	79,694	-9,926	5,281	-20,112	14,518	-30,801	-54,077	5,058	2,591
Cash Flows TTM
FCF from Operations TTM	19,461	31,227	24,770	54,937	-10,239	-31,114	-90,472	-65,302	-77,229	-27,519	15,260	38,949
Returns to Shareholders Quarterly
Dividends	1,886	2,015	1,792	1,844	1,719	1,853	1,744	1,793	2,908	0	1,124	2,156
Share Repurchases	5,206	5,718	5,124	3,435	4,903	3,876	4,917	5,665	3,192	2,420	1,957	2,834
Return on Invested Capital (ROIC) Quarterly
ROIC	6.0%	19.6%	3.9%	5.0%	0.6%	3.3%	3.8%	3.3%	4.0%	4.3%	2.2%	10.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	9.2%	7.4%	3.1%	3.0%	2.5%	3.7%	3.9%	3.0%	4.9%	4.8%	5.9%	6.5%

Price Behavior

Price Behavior

Market Price	$80.66
Market Cap ($ Bil)	138.5
First Trading Date	08/30/1996
Distance from 52W High	-2.5%
	50 Days	200 Days
DMA Price	$78.21	$67.51
DMA Trend	up	up
Distance from DMA	3.1%	19.5%
	3M	1YR
Volatility	16.8%	17.4%
Downside Capture	18.08	37.82
Upside Capture	67.00	72.79
Correlation (SPY)	30.6%	43.4%

TD Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.39	0.47	0.44	0.38	0.38	0.55
Up Beta	0.77	0.53	0.58	0.14	0.33	0.45
Down Beta	0.51	0.50	0.35	0.24	0.24	0.41
Up Capture	46%	76%	69%	76%	62%	37%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	15	29	40	79	150	414
Down Capture	-3%	8%	13%	30%	46%	89%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	7	13	23	46	99	332

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of TD With Other Asset Classes (Last 1Y)
	TD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	53.4%	14.5%	20.3%	44.6%	1.0%	-2.3%	44.1%
Annualized Volatility	17.4%	20.1%	19.5%	19.9%	16.3%	18.0%	37.0%
Sharpe Ratio	2.30	0.56	0.82	1.74	-0.12	-0.28	0.78
Correlation With Other Assets		44.5%	43.1%	13.9%	19.1%	38.9%	21.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of TD With Other Asset Classes (Last 5Y)
	TD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	18.4%	19.4%	17.3%	15.8%	13.5%	7.1%	50.1%
Annualized Volatility	19.8%	19.4%	17.1%	15.6%	18.9%	19.1%	49.2%
Sharpe Ratio	0.79	0.84	0.83	0.81	0.59	0.28	0.77
Correlation With Other Assets		65.2%	54.1%	11.7%	27.1%	48.7%	19.6%

Based On 10-Year Data

		Comparison of TD With Other Asset Classes (Last 10Y)
	TD	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.4%	12.3%	14.4%	12.7%	5.1%	5.1%	78.7%
Annualized Volatility	21.9%	22.4%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.48	0.51	0.69	0.71	0.22	0.21	0.96
Correlation With Other Assets		73.6%	65.9%	3.9%	36.2%	58.0%	14.9%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	14,785,451
Short Interest: % Change Since 9302025	31.5%
Average Daily Volume	1,751,002
Days-to-Cover Short Interest	8.44
Basic Shares Quantity	1,716,700,000
Short % of Basic Shares	0.9%

SEC Filings

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Report Date	Filing Date	Filing
4302021	5272021	6-K 4/30/2021
1312021	2252021	6-K 1/31/2021
10312020	12032020	40-F 10/31/2020
7312020	8272020	6-K 7/31/2020
4302020	5282020	6-K 4/30/2020
1312020	2272020	6-K 1/31/2020
7312019	8292019	6-K 7/31/2019
4302019	5232019	6-K 4/30/2019
1312019	2282019	6-K 1/31/2019
7312018	8302018	6-K 7/31/2018
4302018	5242018	6-K 4/30/2018
1312018	3012018	6-K 1/31/2018
7312017	8312017	6-K 7/31/2017
4302017	5252017	6-K 4/30/2017
1312017	3022017	6-K 1/31/2017
7312016	8252016	6-K 7/31/2016

Insider Activity

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Financials Resources

Federal Reserve Economic Data

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Toronto-Dominion Bank (TD)

Market Price (11/6/2025): $80.43 | Market Cap: $138.1 BilSector: Financials | Industry: Diversified Banks

Toronto-Dominion Bank (TD)

Market Price (11/6/2025): $80.43Market Cap: $138.1 BilSector: FinancialsIndustry: Diversified Banks

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Market Price (11/6/2025): $80.43 | Market Cap: $138.1 Bil
Sector: Financials | Industry: Diversified Banks

Market Price (11/6/2025): $80.43
Market Cap: $138.1 Bil
Sector: Financials
Industry: Diversified Banks