Wide-moat-rated Toronto-Dominion Bank announced on Sept. 19 that CEO Bharat Masrani will retire in April 2025 after more than a decade in the position. Raymond Chun, current head of the Canadian personal banking division, will become the new CEO.
The profitability of its Canadian bank segment should continue for some time, providing a solid foundation for strong returns for Toronto-Dominion.
The bank's higher US exposure and higher rate sensitivity is turning into a double-edged sword, as higher rates are now putting more pressure on earnings, particularly within the US
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Metric
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TD
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CM
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RY
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|---|---|---|---|
Price/Earnings (Normalized) | 10.92 | 11.58 | 13.60 |
Price/Book Value | 1.50 | 1.50 | 2.09 |
Price/Sales | 2.73 | 3.09 | 4.21 |
Price/Cash Flow | 12.53 | 8.87 | 11.81 |
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Metric
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TD
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CM
|
RY
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|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
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Metric
|
TD
|
CM
|
RY
|
|---|---|---|---|
Return on Assets (Normalized) | 0.74% | 0.70% | 0.83% |
Return on Equity (Normalized) | 14.06% | 13.93% | 15.12% |
Return on Invested Capital (Normalized) | — | — | — |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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|---|---|---|---|---|---|---|
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JPM
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BAC
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| Wells Fargo & Co
WFC
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| Royal Bank of Canada
RY
| Zgdtbwhmm | Dfxf | $173.5 Bil | |||
| HSBC Holdings PLC ADR
HSBC
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C
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| Mitsubishi UFJ Financial Group Inc ADR
MUFG
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| The Toronto-Dominion Bank
TD
| Vlpxgnrnk | Ppd | $111.6 Bil | |||
| UBS Group AG
UBS
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United States