Today, some Canadian stocks on my list have become a little cheaper.
Do you also have Canadian stocks on your radar?
Discussion about TD
Posts
6
1Yr·
#TD Bank Group Q4 FY2024 #EarningsReport Summary (in CAD) | $TD (+0.25%)
TD Bank Group faced macroeconomic and operational challenges in Q4 FY2024, including elevated expenses for regulatory compliance and integration costs. Despite these hurdles, the Bank demonstrated resilience with record revenue growth in Canadian banking and significant balance sheet expansion.
📊Income Statement Highlights (vs. Q4 FY2023):
▫️Net Income: $3.64B vs. $2.87B (+26.79%)
▫️Adjusted Net Income: $3.20B vs. $3.49B (-8.07%)
▫️Total Revenue: $15.51B vs. $13.18B (+17.71%)
▫️Adjusted EPS: $1.72 vs. $1.82 (-5.49%)
▫️Reported EPS: $1.97 vs. $1.48 (+33.11%)
▫️Gross Margin (Canada): 41.5% vs. 42.9%
▫️Provision for Credit Losses: $1.11B vs. $878M (+26.44%)
Key Segments:
Canadian Personal & Commercial Banking:
▫️Record revenue of $5.06B (+7%).
▫️Net Income: $1.82B (+9%).
▫️Loan volumes grew by 5%, and deposit volumes by 5%.
US Retail (in USD):
▫️Reported Net Income: $634M (-32%).
▫️Adjusted Net Income: $803M (-14%).
Wealth Management & Insurance:
▫️Net Income: $349M (-29%).
📄Balance Sheet Highlights (vs. Q4 FY2023):
▫️Total Assets: $2.06T (+5.46%)
▫️Total Equity: $115.20B (+2.68%)
▫️Deposits: $1.27T (+5.88%)
▫️Loans (Net): $949.50B (+6.00%)
▫️Common Equity Tier 1 (CET1) Capital Ratio: 13.1% (vs. 14.4%)
🔮Future Outlook:
For FY2025, TD Bank anticipates constrained earnings growth due to continued investments in AML remediation and regulatory compliance. The Bank has suspended its medium-term financial targets but remains focused on strengthening operations and refreshing its strategy.
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1 Comment
Sales development has been really great, almost 20% above analysts' expectations. Adjusted EPS will hopefully start growing again next year
••
2Yr·
Today the inflation data is published, an overview of what the big players are saying:
- Bank of America
$BAC (-1.88%): 2.3% - Barclays
$BARC (-1.28%): 2.3% - BNP Paribas
$BNP (-1.43%): 2.3% - Citigroup
$C (-1.61%): 2.2% - Deutsche Bank
$DBK (-1.5%): 2.3% - Goldman Sachs
$GS (-1.43%): 2.3% - Jefferies
$JEF (-1.8%): 2.3% - JP Morgan
$JPM (+1.42%): 2.3% - Morgan Stanley
$MS (-2.53%): 2.3% - Nomura
$NMR (-2.92%): 2.3% - TD Securities
$TD (+0.25%): 2.3% - Wells Fargo $WFC (+0.39%): 2.3%
- UBS
$UBSG (-1.32%): 2.4%
Live coverage is of course exclusively available from me live on Getquin.
2Yr·
Yes indeed too much noordusa always had a lot of interest in it, so I want to $NN (-0.56%) buy and $ASRNL (-0.08%)
add on and add to the euro div etf to spread something outside USA. Also $KPN (+0.27%)
and $WKL (-0.89%) seem interesting to me. I am indeed trying to keep under 10% by own money, but if by growth I get above that, I would be fine with that. (Let your runners run)
Growth indeed I am looking at: $SBUX (+1.17%) and $CMI
$DE (+0.45%)
$HSY (+1.12%)
$TRV (+1.29%)
$APD (+1.96%)
$MCO
$ADP (+1.99%)
But also for a little more dividend $MAA (-0.29%)
$TD (+0.25%)
$AFL (+1.9%)
$AVB
Main I bought when it was very low and interest rates were also very low, so so the risk was much less. Only bought once. I may well stay away from this for a long time and use the dividend for the dividend snowball.
Otherwise quite difficult to stick with these boring and safe stocks, but this is what I like and sleep best with. (Slow but "sure")
Fantastic explanation everything was indeed correct how I think about it and this helps me tremendously to persevere, thank you Paul.
Thanks for your review: https://youtu.be/7-xomL4oDBM?si=v-JueJwSOVPHQeYZ
I'm curious what you guys think of this YouTube money tree show
www.youtube.comGeldboom van Marc
3Yr·
Cost price not entered, already sold as at $RY (-0.06%) sold with 65% plus 2 quarterly dividends (performance over 5 months)
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