Toronto-Dominion Bank (TSE:TD) Full Year 2024 Results

Key Financial Results

• Revenue: CA$45.2b (down 8.2% from FY 2023).

• Net income: CA$8.84b (down 14% from FY 2023).

• Profit margin: 20% (down from 21% in FY 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$5.06 (down from CA$5.61 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Toronto-Dominion Bank Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Banks industry in Canada.

Performance of the Canadian Banks industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Toronto-Dominion Bank that we have uncovered.

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