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home / news releases / toronto dominion bank a high yielding dividend stock


TD - Toronto-Dominion Bank: A High-Yielding Dividend Stock Worth Buying Now

2024-06-07 07:15:00 ET

Summary

  • Developments in the alleged money laundering scandals that have plagued TD Bank in recent months could present a buying opportunity.
  • Strength in the company's Wealth Management & Insurance and Wholesale Banking businesses propelled revenue and non-GAAP EPS higher in Q2.
  • TD's credit ratings remain robust.
  • Shares of the financial juggernaut could offer an ample margin of safety from the current valuation.
  • Toronto-Dominion could have a 40%+ cumulative upside through October 2026.

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Toronto-Dominion Bank: A High-Yielding Dividend Stock Worth Buying Now
Stock Information

Company Name: Toronto Dominion Bank
Stock Symbol: TD
Market: NYSE

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