TD Earnings Prediction
The chart below shows how TD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TD sees a +2.12% change in stock price 10 days leading up to the earnings, and a -0.80% change 10 days following the report. On the earnings day itself, the stock moves by -1.69%. This data can give you a slight idea of what to expect for the next quarter's release.
TD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.51B
-7.04%
-9.73%
Gross Margin
--
--
--
Operating Margin
39.11%
-35.84%
556.21%
Net Margin
34.60%
35.47%
-2317.95%
EPS
1.97
32.21%
-1507.14%
No Data Available
TD Earnings Analysis
Toronto Dominion Bank Corporation (TD.N) Earnings Conference Call
Positive
Revenue Increase Drivers: Revenues were up 12% year-over-year, driven by higher fee income in market-related businesses and higher volumes in Canada.
Quarterly Expense Overview: Expenses this quarter reflected investments in our risk and control infrastructure and several notable items totaling approximately $150 million, including costs associated with our Nordstrom program agreement extension and legal and regulatory costs.
Strong Earnings Performance: Earnings were $3.2 billion and EPS was $1.72, reflecting strong underlying performance over the past few quarters.
CET1 Ratio Analysis: The bank's CET1 ratio was 13.1%, reflecting the sale of Schwab shares in August, partially offset by the operational risk RWA impact of last quarter's AML provision.
Dividend Increase Announcement: The bank declared a $0.03 dividend increase, bringing our dividend to $1.05 per share.
Negative
Earnings Decline Overview: Earnings for 2024 were $14.3 billion, down 5% and EPS was $7.81, down 1% year-over-year.
Net Income Decline: Net income declined 13% year-over-year, driven by higher PCLs and higher expenses.
Earnings Decline Overview: This quarter, earnings were $3.2 billion and EPS was $1.72, down 8% and 5% year-over-year, respectively.
Expense Increase Analysis: Expenses increased 11% year-over-year, primarily driven by investments in our risk and control infrastructure, higher employee-related expenses, including TD Cowen and higher technology spend supporting business growth.
Catastrophic Claims and Impaired PCLs: We saw record catastrophic claims in our insurance business and increased impaired PCLs in our non-retail lending portfolios.
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TD Earning Call Sentiment
The Toronto-Dominion Bank (TD) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
TD.N
0.42%Positive
The earnings call reflects several challenges, including increased expenses, credit quality concerns, and catastrophic claims impacting earnings. Although revenue grew, earnings and EPS declined. The Q&A reveals uncertainties, particularly regarding strategic review outcomes and growth prospects. While a dividend increase is positive, the lack of a share buyback program and ongoing AML issues weigh negatively. Overall, the negative aspects, especially credit losses and regulatory compliance pressures, overshadow the positives, leading to a negative sentiment.