Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in The Toronto-Dominion Bank or Old National Bancorp because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how The Toronto-Dominion Bank and Old National Bancorp compare based on key financial metrics to determine which better meets your investment needs.

About The Toronto-Dominion Bank and Old National Bancorp

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S. Retail; Wealth Management and Insurance; and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. In addition, it offers debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services. Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

Latest Banks and The Toronto-Dominion Bank, Old National Bancorp Stock News

As of July 6, 2026, The Toronto-Dominion Bank had a $199.1 billion market capitalization, compared to the Banks median of $737.6 million. The Toronto-Dominion Bank’s stock is NA in 2026, NA in the previous five trading days and up 62.13% in the past year.

Currently, The Toronto-Dominion Bank’s price-earnings ratio is 19.4. The Toronto-Dominion Bank’s trailing 12-month revenue is $43.5 billion with a 25.2% net profit margin. Year-over-year quarterly sales growth most recently was -30.5%. Analysts expect adjusted earnings to reach $6.805 per share for the current fiscal year. The Toronto-Dominion Bank currently has a 3.6% dividend yield.

Currently, Old National Bancorp’s price-earnings ratio is 13.6. Old National Bancorp’s trailing 12-month revenue is $2.5 billion with a 30.2% net profit margin. Year-over-year quarterly sales growth most recently was 46.2%. Analysts expect adjusted earnings to reach $2.606 per share for the current fiscal year. Old National Bancorp currently has a 2.2% dividend yield.

How We Compare The Toronto-Dominion Bank and Old National Bancorp Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at The Toronto-Dominion Bank and Old National Bancorp’s stock grades to see how they measure up against one another.

Learn more about A+ Investor here!

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

The Toronto-Dominion Bank and Old National Bancorp’s Quality Grades

Company	Ticker	Quality
The Toronto-Dominion Bank	TD	F
Old National Bancorp	ONB	F

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

The Toronto-Dominion Bank has a Quality Score of 18, which is Very Weak. Old National Bancorp has a Quality Score of 4, which is Very Weak.

The Quality Stock Winner: No Clear Winner

Neither The Toronto-Dominion Bank or Old National Bancorp has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if The Toronto-Dominion Bank or Old National Bancorp is the better investment when it comes to quality.

The Toronto-Dominion Bank and Old National Bancorp’s Momentum Grades

Company	Ticker	Momentum
The Toronto-Dominion Bank	TD	B
Old National Bancorp	ONB	C

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

The Toronto-Dominion Bank has a Momentum Score of 79, which is Strong. Old National Bancorp has a Momentum Score of 58, which is Average.

The Momentum Grade Winner: The Toronto-Dominion Bank

As you can clearly see from the Momentum Grade breakdown above, The Toronto-Dominion Bank is considered to have stronger momentum compared to Old National Bancorp. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, The Toronto-Dominion Bank could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

The Toronto-Dominion Bank and Old National Bancorp’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
The Toronto-Dominion Bank	TD	C
Old National Bancorp	ONB	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

The Toronto-Dominion Bank has a Earnings Estimate Score of 57, which is Neutral. Old National Bancorp has a Earnings Estimate Score of 47, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither The Toronto-Dominion Bank or Old National Bancorp has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if The Toronto-Dominion Bank or Old National Bancorp is the better investment when it comes to estimate revisions.

Other The Toronto-Dominion Bank and Old National Bancorp Grades

In addition to Estimate Revisions, Quality and Momentum, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether The Toronto-Dominion Bank and Old National Bancorp pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, The Toronto-Dominion Bank or Old National Bancorp Stock?

Overall, The Toronto-Dominion Bank stock has a Momentum Score of 79, Estimate Revisions Score of 57 and Quality Score of 18.

Old National Bancorp stock has a Momentum Score of 58, Estimate Revisions Score of 47 and Quality Score of 4.

Comparing The Toronto-Dominion Bank and Old National Bancorp’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.