The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

TD.TO

Concerning the House

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S. Retail; Wealth Management and Insurance; and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

Canada · www.td.com

The Ledger
LineApr 2025Jul 2025Oct 2025Jan 2026
Revenue$15.00B$15.48B$15.89B$16.50B
Net income$11.13B$3.34B$3.28B$4.04B
Diluted EPS6.271.892.34
Free cash flow$11.30B-$22.27B-$10.05B$12.05B
CapEx-$436.00M-$575.00M-$637.00M-$531.00M
Quotation

$171.58

-0.40 (-0.2%)

52w hi$175.27
52w lo$97.09
Vol2.67M
As ofAug 13
The Verdict

Hold

Our score +0.35

Short+0.48
Medium+0.42
Long-0.06

computed 2026-08-13

By the Numbers

The Toronto-Dominion Bank

Financial Services · Banks - Diversified

Market cap$283.46B
Enterprise value$172.50B
Trailing P/E20.16x
Forward P/E15.94x
EV / EBITDA
P / S (ttm)4.79x
Profit margin25.2%
Return on equity11.9%
Revenue growth-31.5%
Earnings growth-61.2%
Debt / equity
Risk Metrics
Beta vs SPX0.45
Corr SPX0.42
Annual vol17.3%
Annual ret+40.9%
Sharpe2.36
Max DD-16.4%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.05
Sector+0.09
Technical+0.33
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$171.98$173.48$171.29$171.582.67M
Aug 12$169.80$172.31$169.01$171.982.29M
Aug 11$169.25$170.69$168.61$169.102.39M
Aug 10$168.92$170.17$168.28$168.834.18M
Aug 7$169.69$169.95$167.98$169.303.79M