The Toronto-Dominion Bank
TD: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 25.00 | Smy | Tfvftnvnbn |
Earnings Grind Higher for Toronto-Dominion in Fiscal Q4, Several Acquisitions Set to Close in 2023
Wide-moat-rated Toronto-Dominion reported decent fiscal fourth-quarter earnings. Adjusted earnings per share were CAD 2.18, representing year-over-year growth of 4% and sequential growth of 4%, and roughly in line with our own estimate of CAD 2.15. Adjusted pretax pre-provisioning earnings were up 2% sequentially.