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The Toronto-Dominion Bank (TSX:TD) Altman Z-Score


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The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

The Toronto-Dominion Bank (TSX:TD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (TSX:TD) » Definitions » Altman Z-Score
Comparable Companies
TSX:BMO TSX:RY TSX:BNS TSX:CM TSX:NA JPM BAC SHSE:601398 WFC SHSE:601288 SHSE:601988 SHSE:601939 LSE:HSBA ASX:CBA C TSE:8306 XSWX:UBSG TSE:8316 XMAD:SAN ASX:NAB
Traded in Other Exchanges
TDBKF.PFD:USA TNTTF.PFD:USA TD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada
Address
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2
Website
https://www.td.com
Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.