TD Technical Analysis - TD Trading: 2024-10-10

The Toronto-Dominion Bank is a global banking and financial services company with market capitalization at C$152.2 billion. The company is active in four primary segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. The stock is trading at P/E ratio (Trailing Twelve Months) of 20,16 currently and Forward P/E of 10.62. The company earned C$52.31 billion revenue (ttm) and Return on Equity (ttm) of 7.33% while Return on Assets (ttm) was at 0.43%. The TD Bank is expected to pay about $3 billion in penalties as part of a settlement with U.S. regulators and prosecutors over charges it failed to properly monitor money laundering by drug cartels. As part of the agreement, the bank's primary U.S. regulator, the Office of the Comptroller of the Currency, is also expected to impose an asset limit barring the Canadian lender from growing above a certain level in the country, according to the Wall Street Journal. The settlement will include the Department of Justice (DOJ), the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve: the DOJ will take about $1.8 billion of penalties with the FinCEN getting $1.3 billion. A hefty fine and asset limit are bearish for a bank stock price.