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 $57.25, up 0.76% from the previous day, and has decreased 7.93% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.22 percentage points. Toronto Dominion Bank stock is currently +4.68% from its 52-week low of $54.69, and -13.45% from its 52-week high of $66.15.
As of Apr 18, 2024, there are 1.79B shares of TD outstanding. The market capitalization of TD is $102.56B. In the past 24 hours, 2.38M 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
Based on our research, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Technology to Real Estate, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro now.
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 14.08x, relative to Banks - Diversified industry P/E ratio of 12.89x
- TD may be overvalued based on its P/B ratio of 1.26x, relative to Banks - Diversified industry P/B ratio of 1.07x
You can access more valuation research on TD's stock here.
TD Financial Health Overview
Failed Health Checks:
- 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.
- TD has a relatively high debt to equity ratio of 16.46.
You can dig deeper into what analysts are forecasting on the Toronto Dominion Bank stock forecast page.
TD Momentum
TD Growth Metrics
Last year, TD earnings were $7.41B. Over the past 5 year, TD's earnings have gone up by -2.28% per year. This was slower than the Banks - Diversified industry average of 6.82%.
Last year, TD revenue was $36.59B. Over the last 5 year, TD's revenue has gone up by 4.42% per year. This was slower than the Banks - Diversified industry average of 5.38%.
Dig into TD's earnings and revenue performance here.
What are TD executives and large shareholders up to?
Over the last 12 months, insiders at TD have not bought or sold any shares.
Learn more about who owns TD stock here.
Does TD provide a stable income stream?
Toronto Dominion Bank pays a dividend of 5.6%, compared to the Banks - Diversified industry's average dividend yield of 4.83%. If you owned $1,000 worth of TD stock, you would have received $55.99 in the past year.
Toronto Dominion Bank dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Toronto Dominion Bank dividend yield and history here.
What others are saying about TD
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your TD purchase
You have 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 mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your TD position
Now that you own some TD stock, you'll want to stay up-to-date on your new company.
Put TD on a watchlist to monitor your TD stock.
TD Feed
How to Buy Stock in Toronto Dominion Bank
To summarize, 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 are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Toronto Dominion Bank, click the button below.
Trending Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.