top of page

The Institutional Risk Analyst

© 2003-2024 | Whalen Global Advisors LLC  All Rights Reserved in All Media |  ISSN 2692-1812 

  • Ford Men on Amazon
  • Twitter
  • LinkedIn
  • Pinterest

Profile: Toronto Dominion Bank

March 3, 2022 | Toronto Dominion Bank (TD) trades at a higher multiple to book value than JPMorgan Chase (JPM) and sports a modest 0.87 market beta, but the financial performance of the $1.7 trillion asset universal bank is not that good compared to the top US financials. Asset returns below 1% and return on equity in single digits? TD just announced the purchase of another wonderful example of mediocrity, First Horizon Corp (FHN), at about 1.5x book, a 40% premium to market when the deal was announced. At a time when many US banks are reducing footprint in retail banking, TD is buying more.

Want to read more?

Subscribe to to keep reading this exclusive post.


Recent Posts

See All


bottom of page