Notes
$TD Q1 Results:
🔸 Adj. EPS: C$2.02 (Est. C$1.95)
🔸 Credit Loss Provisions: C$1.21B
🔸 CET1 Ratio: 13.1%
🔸 ROE: 10.1% (Adj. 13.2%, Est. 13%)
🔸 Efficiency Ratio: 57.4% (Adj. 59%)
🔸 Net Income: C$2.79B
🔸 Canadian P&C: C$1.83B
🔸 US Retail: C$342M
🔸 Wealth & Insurance: C$680M
🔸 Wholesale Banking: C$299M
🔸 Revenue: C$14.05B
🔸 Book Value/Share: C$61.61 (Est. C$59.92)
#Downgrades - Dec 06, 2024
• $ACDC: JPMorgan Downgrades to Underweight from Neutral - PT $7
• $DE: Jefferies Downgrades to Hold from Buy
• $FTRE: Baird Downgrades to Neutral from Outperform - PT $25 (from $28)
• $FYBR: Benchmark Downgrades to Hold from Buy
• $KMT: Jefferies Downgrades to Hold from Buy
• $NAPA: Jefferies Downgrades to Hold from Buy - PT $11
• $OGS: Ladenburg Thalmann Downgrades to Neutral from Buy - PT $75.50
• $PCAR: Jefferies Downgrades to Hold from Buy
• $PLD: BMO Capital Downgrades to Underperform from Market Perform - PT $104 (from $120)
• $TD: Scotiabank Downgrades to Sector Perform from Sector Outperform