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TD - Toronto-Dominion Bank: Valuation Getting More Tempting Fundamentals Getting Worse
June, 11 2024 03:24 AM
Toronto Dominion Bank
2024-06-11 03:24:51 ET
Summary The Toronto-Dominion Bank reported growing revenue and declining earnings per share and overall solid second quarter results. The stock seems tempting due to the low valuation multiples and rather high dividend yield. Nevertheless, I would still be cautious about an investment in Toronto-Dominion due to the high risk of a recession. And the increasing provision for credit losses and rising delinquency rates are not great signs. For further details see:
Toronto-Dominion Bank: Valuation Getting More Tempting, Fundamentals Getting Worse
Stock Information
Company Name:
Toronto Dominion Bank
Stock Symbol:
TD
Market:
NYSE
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