Artificial intelligence (AI) and machine learning are playing a key role in TD Bank Group’s “No. 1 priority,” its U.S. anti-money laundering (AML) remediation program, an executive said Thursday (Feb. 26) during the bank’s first quarter 2026 earnings call.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this arti ...

Canada’s biggest banks have been setting aside hundreds of millions of dollars in case customers can’t pay off their loans, including mortgages.This comes as economic uncertainty and the heightened cost of living weigh on Canadian households and businesses.Royal Bank of Canada, TD Bank, CIBC, Scotiabank, Bank of Montreal and National Bank reported quarterly earnings this week and all said they have topped up their loan loss provisions.At the same time, the banks have reported multi-billion-dollar profits i ...

Financial Data and Key Metrics Changes - The bank reported record earnings of CAD 4.2 billion and EPS of CAD 2.44, resulting in an ROE of 14.2%, up 100 basis points year-over-year [5][75] - Total Bank PTPP increased by 19% year-over-year, with revenue growing 11% year-over-year [22] - The CET1 ratio was 14.5%, with strong organic capital accretion during the quarter [6][32] Business Line Data and Key Metrics Changes - Canadian Personal and Commercial Banking achieved record revenue, PTPP, earnings, deposits, and loan volumes, with average deposits rising 3% year-over-year [24] - In U.S. Banking, year-over-year earnings increased by 22%, with core loans growing by 2% [26] - Wealth management and insurance delivered record earnings and assets, with ETF assets surpassing CAD 31 billion [29][30] Market Data and Key Metrics Changes - Impaired PCLs increased, reflecting a small number of borrowers across various industries, with gross impaired loans at CAD 5.59 billion [33][34] - The bank's provision for credit losses was 43 basis points, driven by the Wholesale Banking segment [34] - The efficiency ratio in U.S. Banking is expected to improve, with a target in the mid-fifties by fiscal 2029 [28] Company Strategy and Development Direction - The bank is focused on deepening relationships, simplifying operations, and executing with discipline, with significant opportunities to grow franchise relationships [13][17] - The bank is targeting CAD 2.2 billion to CAD 2.5 billion in annualized cost savings over the medium term, leveraging AI for efficiency [23][68] - The bank aims to achieve a 13% CET1 ratio by the second half of fiscal 2027, positioning itself for future growth [8][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2026 targets, with expectations for PCLs to fall within a range of 40-50 basis points [36] - The bank is optimistic about maintaining momentum across its businesses, with potential upside to EPS growth targets [8][75] - Management highlighted the importance of macroeconomic conditions in sustaining growth and performance [8][40] Other Important Information - The bank completed an $8 billion share buyback and initiated a new $7 billion buyback program, demonstrating commitment to returning excess capital to shareholders [6][32] - The bank's restructuring program concluded with total charges of CAD 886 million, expected to yield annual cost savings of CAD 775 million [22][23] Q&A Session Summary Question: Can you discuss factors that might prevent reaching a 16% ROE by 2027? - Management indicated strong momentum and confidence in achieving targets, with improvements in CET1 ratio and expense takeout contributing to ROE growth [39][40] Question: What areas are focused on growing the U.S. loan book? - Management highlighted strong consumer lending growth, particularly in credit cards, and noted good activity in mid-market lending [41][42] Question: Can you explain the credit performance and the release of performing loans? - Management attributed the release to improved macroeconomic conditions and the migration of loans from performing to impaired status [48][49]

TD Bank (NYSE:TD) Q1 2026 Earnings call February 26, 2026 09:30 AM ET Company ParticipantsAjai Bambawale - Group Head and Chief Risk OfficerBrooke Hales - Senior Vice President, Investor RelationsKelvin Tran - Group Head and CFOLeo Salom - Group Head of U.S. Retail and President and CEORaymond Chun - Group Head of Canadian Personal BankingSohrab Movahedi - Managing Director, Financials ResearchSona Mehta - Executive Vice President and Real Estate Secured Lending of Canadian Personal BankingConference Call P ...

TD Bank (NYSE:TD) Q1 2026 Earnings call February 26, 2026 09:30 AM ET Speaker6Good morning, everyone. Welcome to the TD Bank Group first quarter 2026 earnings conference call. I would now like to turn the meeting over to Ms. Brooke Hales, Head of Investor Relations. Please go ahead, Ms. Hales.Speaker1Thank you, operator. Good morning, and welcome to TD Bank Group's first quarter 2026 results presentation. We will begin today's presentation with remarks from Raymond Chun, the bank's CEO, followed by Leo Salo ...

Quarterly Results Presentation TD Bank Group – Q1 2026 – February 26, 2026 Forward-looking statements are typically identified by words such as "will", "would", "should", "believe", "expect", "anticipate", "intend", "estimate", "forecast", "outlook", "plan", "goal", "target", "possible", "potential", "predict", "project", "may", and "could" and similar expressions or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements. By their very nature, ...

TD Bank and BMO on Bay Street, Toronto, location of CanDeal HQCanadian fixed income trading platform CanDeal is launching a vendor due diligence service that will initially serve the six largest domestic banks, but could be expanded globally in the future.The new utility, built to service BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Bank, aims to streamline third-party risk management and regulatory compliance. Jayson Horner, chief executive ...

Core Insights - Toronto-Dominion Bank experienced a significant increase in earnings during the first three months of its fiscal year, attributed to revenue growth across its various operations [1] Financial Performance - The bank's earnings surged, indicating strong financial health and operational efficiency [1] - Revenue growth was observed across all segments, showcasing the bank's diversified business model [1]

Key TakeawaysEli Lilly (LLY) reported that its oral GLP-1, orforglipron, achieved a 9.2% weight loss in Phase 3 trials, significantly outperforming Novo Nordisk's oral semaglutide.Toronto-Dominion Bank (TD) beat Q1 earnings estimates with an adjusted EPS of CAD 2.44, supported by adjusted revenue of CAD 16.63 billion.Danish Prime Minister Mette Frederiksen officially called for a parliamentary election on March 24, citing ongoing conflicts regarding Greenland and new wealth tax proposals.Stellantis (STLA) i ...

来源：滚动播报 道明证券（TD）预计加拿大2026年经济增长将略有增强。 ...