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Is Toronto-Dominion a Good Bank Stock to Add to Your Portfolio? -Breaking

by Mike Robinson

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© Reuters. Toronto-Dominion: Is it a great stock for your Portfolio?

Toronto-Dominion, which has more than 26 millions customers, is North America’s largest bank. And analysts expect the bank’s revenues and EPS to increase steadily over the long run. However, given surging inflation and a complex macroeconomic backdrop, will TD be able to live up to analysts’ projections? Continue reading to learn more.
Toronto-Dominion Bank is Canada’s fifth-largest banking institution. The bank has assets of more than C$1.70 billion ($1.31 trillion). The bank serves more than 26,000,000 customers in Canada and the United States.

TD shares have risen 30% year-to-date, and 3.5% in the last six months. This is due to increased investor interest because of its high dividend yield.

The stock’s 3.75% forward dividend yield is 41.4% higher than the industry average of 2.65%. The bank also recently increased its quarterly dividend payout by C$0.89 ($0.69). This payment will be made in January 2022.

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