Toronto-Dominion (TD) is one of the biggest banks in North America, with more than 26 million customers. And analysts expect the bank’s revenues and EPS to increase steadily over the long run. However, given surging inflation and a complex macroeconomic backdrop, will TD be able to live up to analysts’ projections? Read more to find out. The Toronto-Dominion Bank (TD) in Toronto, Canada, is the fifth-largest bank in North America and the second-largest bank in Canada, with more than C$1.70 trillion ($1.31 trillion) in assets (as of October 31, 2021). Operating in Canada and the United States, the bank has more than 26 million customers.
Shares of TD have surged 30% in price year-to-date and 3.5% over the past six months, reflecting increasing investor attention due to its high dividend yield.
The stock’s 3.75% forward dividend yield is 41.4% higher than the industry average of 2.65%. And the bank recently raised its quarterly dividend payout to C$0.89 ($0.69), payable in January 2022.