How to Buy Toronto Dominion Bank Stock
Toronto Dominion Bank
Toronto Dominion Bank is a diversified bank company located in Ontario, Canada, which is part of the Financial Services sector, and is traded under the ticker TD on the NYSE exchange.
Toronto Dominion Bank stock last closed at $60.37, down 0.25% from the previous day, and has increased 0.7% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.28 percentage points. Toronto Dominion Bank stock is currently +12.8% from its 52-week low of $53.52, and -7.29% from its 52-week high of $65.12.
As of Sep 6, 2024, there are 1.79B shares of TD outstanding. The market capitalization of TD is $108.15B. In the past 24 hours, 1.49M TD shares were traded.
How to Buy Toronto Dominion Bank Stock
Not sure how to invest in Toronto Dominion Bank stock? Here's how.
- Choose where to buy Toronto Dominion Bank stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Toronto Dominion Bank stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your payment method and add your information.
- Analyze Toronto Dominion Bank stock: The Toronto Dominion Bank ticker symbol is TD. Is Toronto Dominion Bank stock a good investment? Should you buy shares of TD? How do TD's underlying business fundamentals look? Do top analysts think Toronto Dominion Bank is a good buy? Why has TD's stock price moved recently? (Hint: Our stock market research tools can help you figure out if TD is a good stock to buy).
- Execute your TD purchase: Decide if you will purchase TD shares at the current market price or use a limit order to purchase TD shares at a given price.
- Keep tabs on your TD position: Create a watchlist to track your position in Toronto Dominion Bank shares.
Step 1: Choose where to buy Toronto Dominion Bank stock
You will need an online brokerage account in order to access the NYSE market and buy TD stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal details so you are able to invest in TD stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on stock market apps, you can securely and quickly fund your account:
Check out the video below to see the process of transferring funds into your new investment account.
Step 4: Analyze Toronto Dominion Bank stock
Once you have figured out the best place to buy Toronto Dominion Bank stock, it's very important to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
Toronto Dominion Bank shares data
Fundamentals of TD
WallStreetZen was designed to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on TD's stock page.
How is TD stock valued?
You can use many financial metrics, analyses, models, and charts to gauge TD's fair value.
Using relative valuations ratios:
- TD could be overvalued based on its P/E ratio of 14.85x, relative to Banks - Diversified industry P/E ratio of 11.96x
- TD may be overvalued based on its P/B ratio of 1.33x, relative to Banks - Diversified industry P/B ratio of 1.12x
- TD could be undervalued based on its PEG ratio of 0.7x
You can do more valuation research on TD's stock here.
TD Financial Overview
Failed Health Checks:
- TD has a relatively high debt to equity ratio of 16.46.
- TD profit margin has gone down from 35% to 20.2% in the past year.
- Total TD debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy TD stock
Out of 1 sell side analysts who give recommendations on TD, the consensus analyst rating on TD is a Hold
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Toronto Dominion Bank stock forecast page.
TD Technical Indicators
Is TD Making Money?
Last year, TD earnings were $7.41B. Over the last five year, TD's earnings have gone up by -2.28% per year. This was slower than the Banks - Diversified industry average of 7.31%.
Last year, TD revenue was $36.59B. In the past five year, TD's revenue has increased by 4.42% per year. This was faster than the Banks - Diversified industry average of 3.89%.
You can research TD's earnings and revenue performance here.
Are TD executives and large shareholders buying or selling the stock?
In the past year, insiders at TD have not bought or sold any shares.
Get more info about who owns TD shares here.
Can I rely on TD as an income stream?
Toronto Dominion Bank pays a dividend of 5.8%, compared to the Banks - Diversified industry's average dividend yield of 4.51%. If you owned $1,000 of TD stock, you would have been paid $58.03 in the past 12 months.
Toronto Dominion Bank dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Toronto Dominion Bank dividend yield and history here.
What others are saying about TD
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your TD purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, place a limit order.
Click the Open button and eToro will place the order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your TD position
Now that you own some shares in TD, you'll want to stay up-to-date on your shares.
Create a watchlist to get the latest updates about your TD stock.
TD Feed
How to Buy Stock in Toronto Dominion Bank
To reiterate, here are the 6 steps to buy Toronto Dominion Bank stock:
- Choose where to buy Toronto Dominion Bank stock
- Create a brokerage account
- Deposit money your investment account
- Analyze Toronto Dominion Bank stock
- Execute your TD purchase
- Keep tabs on your TD position
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Toronto Dominion Bank, hit the button below to create your watchlist.
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