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 $117.88, up 0.23% from the previous day, and has increased 48.03% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.23 percentage points. Toronto Dominion Bank stock is currently +51.19% from its 52-week low of $77.97, and -6.05% from its 52-week high of $125.47.
There are currently 1.64B TD shares outstanding. The market value of TD is $193.13B. In the past 24 hours, 1.77M 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 pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out 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: Choose your method of payment 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 analysis website 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 buy TD shares at a given price.
- Keep tabs on your TD position: Create a watchlist to key updates about your position in Toronto Dominion Bank shares.
Step 1: Choose where to buy Toronto Dominion Bank stock
You will need an online brokerage account to access the NYSE market and buy TD shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in TD today.
How to Create a New 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.
- Input your personal details to open your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on the best stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your brokerage account.
Step 4: Analyze Toronto Dominion Bank stock
Once you have figured out the best place to buy Toronto Dominion Bank stock, it's crucial to evaluate their stock prior to buying, so you actually understand the risk as well as the opportunity.
Overview of key TD info
Toronto Dominion Bank Overview
WallStreetZen was designed to help everyday investors do better fundamental analysis quickly.
You can see all of the due diligence checks on TD's stock page.
Is TD stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TD's intrinsic value.
Using relative valuations ratios:
- TD may be overvalued based on its P/E ratio of 17.4x, relative to Banks - Diversified industry P/E ratio of 15.38x
- TD could be overvalued based on its P/B ratio of 2.11x, relative to Banks - Diversified industry P/B ratio of 1.7x
You can do more valuation research on TD's stock here.
TD Financial Overview
Passed Health Checks:
- TD earnings of $14.55B is not enough to cover its interest payments.
- Total TD debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- TD has a relatively high debt to equity ratio of 15.63.
- TD profit margin has gone down from 30% to 24.1% in the past year.
- TD's operating cash flow of $5.45B allows it to safely service it's debt of $345.83B.
Is Toronto Dominion Bank stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give ratings on TD, the consensus analyst rating on TD is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Toronto Dominion Bank stock forecast page.
TD Technicals
TD Performance Numbers
Last year, TD earnings were $11.26B. Over the last 5 year, TD's earnings have gone up by -0.37% per year. This was slower than the Banks - Diversified industry average of 13.4%.
Last year, TD revenue was $46.76B. During the last five year, TD's revenue has increased by 5.71% per year. This was slower than the Banks - Diversified industry average of 6.58%.
Dig into TD's earnings and revenue performance here.
Are TD insiders buying or selling the stock?
Over the past 12 months, insiders at TD have not bought or sold any shares.
Get more info about who owns TD shares here.
Does TD stock generate passive income?
Toronto Dominion Bank pays a dividend of 1.36%, compared to the Banks - Diversified industry's average dividend yield of 2.49%. If you owned $1,000 worth of TD stock, you would have been paid $13.58 last year.
Toronto Dominion Bank dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Toronto Dominion Bank dividend yield and history here.
What others are saying about TD
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your TD purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Press the Open button and eToro will place the order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your TD position
Now that you own some TD shares, you'll want to keep up with your new shares.
Make a watchlist to see the latest developments about your TD stock.
TD Feed
How to Buy Stock in Toronto Dominion Bank
To reiterate, here are the 6 steps for buying 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 account, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Toronto Dominion Bank, add TD to your watchlist below.
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