COMPANY PROFILE -Toronto-Dominion Bank
Business Sector :Financial Services
Operating Geography :Toronto, Canada, Global
About Toronto-Dominion Bank :
The Toronto-Dominion Bank is a Canadian multinational banking and financial services company. It was founded on 1st of February, 1955 and is currently headquartered in Toronto, Ontario. It is commonly known as TD and was formed through the merger of the Bank of Toronto and The Dominion Bank. In 2017, the bank was the largest bank in Canada by total assets according to S&P and the 26th largest bank in the world. In 2019, it was recognized as a global systemically important bank by the Financial Stability Board. TD offers a wide range of financial products and services to more than 26 million customers globally through 3 business lines: Canadian Retail, U.S. Retail and Wholesale Banking. In Canada the bank operates as TD Canada Trust and serves more than 11 million customers. In the US, it operates as TD Bank and serves more than 6.5 million customers. The Bank and its subsidiaries offer a wide spectrum of services like banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations. As of 2020, it employs more than 85,000 people in its offices around the world.
The Toronto-Dominion Bank’s USP or unique selling proposition lies in being the 5th largest bank in North America (by branches) servicing 13 million+ active digital customers. The vision of the bank is “Be the better bank”. Its purpose is “to enrich lives of our customers, communities and colleagues”.
Toronto-Dominion Bank Revenue :
$41.0 billion CAD – FY ending 31st October, 2019
$38.8 billion CAD – FY ending 31st October, 2018
Competitive Analysis of Toronto-Dominion Bank
The SWOT analysis for Toronto-Dominion Bank is presented below in a table followed by the detailed analysis report.
| Strengths | Weaknesses |
1. Features amongst the top 10 banks in North America
2. Diversified business mix providing competitive advantage
3. Strong financial position and highly rated by credit agencies
4. Top performance and ranking by each segment
5. Strategic investments simplifying and enhancing customer interactions
6. Consistent earnings growth and dividend history
| 1. Reliance upon third-party service providers
2. Website and app outages leading to customer outrage
|
| Opportunities | Threats |
1. Operating in attractive markets with huge growth potential
2. Strengthening omni-channel strategy for improving customer experience
| 1. Highly competitive financial services market
2. Impact of COVID-19 outbreak and oil price shock on Canadian businesses
|
Toronto-Dominion Bank SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of Toronto-Dominion Bank
Strength
1. Features amongst the top 10 banks in North America:
TD Bank enjoys top ranking in both Canada and North American ranking in various parameters. TD Bank Group has a total asset of $1,457 billion and enjoys 2nd ranking in Canada and 6th ranking in North America as per its total assets. Its total deposits of $908 billion gives it 1st rank in Canada and 5th rank in North America as per the total deposits. According to market capitalization, it ranks 2nd in Canada and 6th in North America. Similarly, as per net income, it enjoys 2nd rank in Canada and 6th in North America. According to common equity tier 1 capital ratio, it enjoys 2nd rank in Canada and 3rd in North America. Such marquee rankings in wide parameters in both Canada and North America give a strong reputation to TD bank and makes it an ideal choice for customers and investors.
2. Diversified business mix providing competitive advantage: TD Bank has a well-diversified business mix. It operates in three key business lines: Canadian retail, U.S. Retail and Wholesale Banking. Canadian retail is a robust retail banking platform in Canada with proven performance records and accounts for almost 55% of its earnings. U.S. Retail is among the top 10 banks in the U.S. with significant growth opportunities and accounts for almost 31% of its total earnings. Wholesale banking is the North American dealer which focuses on client-driven businesses and is responsible for 5% of TD’s total earnings.
The remaining section of “Strength” is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
This section is available only in the 'Complete Report' on purchase.
Threats
This section is available only in the 'Complete Report' on purchase.
The PESTLE / PESTEL analysis for Toronto-Dominion Bank is presented below in a table followed by the detailed analysis report.
| Political | Economical |
| 1. Impact of trade tensions and increasing protectionist measures | 1. Impact of deteriorating economic condition in Canada and globally
2. Impact of fluctuating exchange rate and interest rates
|
| Social | Technological |
| 1. Increasing insurance awareness among Canadians | 1. Leveraging power of artificial intelligence
2. Providing seamless digital experience to customers
|
| Legal | Environmental |
1. Impact of regulation changes in the heavily regulated business
2. Change in tax laws and regulations
| 1. Issuance of green bond for projects with climate and environment related objectives
2. Commitment to create a more vibrant planet
3. Funding environmental projects across Canada
|
Toronto-Dominion Bank SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of Toronto-Dominion Bank
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
1. Issuance of green bond for projects with climate and environment-related objectives: Specified benchmarks for the issuance of Green Bonds come attached with mandates for promoting development solutions as it binds issuers to channel the earnings from the bond issuance for projects deemed environmentally beneficial. TD targeted an issue size of US $500 million green bond which was upsized to US $1 billion and 70% of the issue went to green investors. It is one of the largest green bonds ever issued by a bank. With this TD emerged as a North American leader in providing environmentally and socially responsible options to clients. TD has rolled out such initiatives from its inception. It is responsible for financing C$12 billion to the low carbon sector since 2006. It participated in underwriting C$6.5 billion in green bonds since 2010. It was the only pioneering Canadian bank to issue a green bond in 2014. It was the first North-America based bank to become carbon neutral in 2010. Such initiatives have mirrored the environmentally responsible side of TD bank time and again.
The remaining section of “Environmental” is available only in the 'Complete Report' on purchase.
Major Competitors :
- Scotiabank
- CIBC
- RBC
- Credit Suisse
- Wells Fargo
Major Brands :
- TD Securities
- TD Insurance
- TD Direct Investing
- TD Wealth
- TD Autofinance
- TD Asset Management
Toronto-Dominion Bank SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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| Toronto-Dominion Bank Porter's Five Forces Analysis |
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| Toronto-Dominion Bank Covid-19 Impact Analysis |
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| Toronto-Dominion Bank BCG Analysis |
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| Toronto-Dominion Bank Segmentation, Targeting and Positioning (STP) Analysis |
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| Toronto-Dominion Bank Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in Toronto-Dominion Bank SWOT & PESTLE Analysis Report
1. TD Friends of the Environment Foundation - https://www.td.com/ca/en/about-td/ready-commitment/vibrant-planet/fef/
2. Shape tomorrow 2019 Annual Report - https://www.td.com/document/PDF/ar2019/ar2019-Complete-Report.pdf
3. More Canadians have life insurance coverage than ever before - https://www.lowestrates.ca/news/more-canadians-have-life-insurance-than-ever-before-25919
4. TD customers report problems with app, online banking due to 'technical issues' - https://www.citynews1130.com/2020/01/31/td-problems-app-online-banking/
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Toronto-Dominion Bank SWOT & PESTLE analysis has been conducted by Sushree Lasyamayee and reviewed by senior analysts from Barakaat Consulting.
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