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TD shares higher as bank fast-tracks CEO transition
Proactiveinvestors NA· 2025-01-20 20:29
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Toronto-Dominion Bank: A Value Buy Amid Challenges
Seeking Alpha· 2025-01-14 06:40
Toronto-Dominion Bank (NYSE: TD , TSX: TD:CA ) has been a topic of discussion ever since their anti-money laundering (AML) fines, and their Q4 earnings reported on December 5th, 2024. A few months back, I rated TD as a 'buy'. I awarded TD this rating because II am currently a finance student at York University, where I’m building a strong foundation in financial markets and investment strategies. As a dividend investor, I’ve chosen to invest in solid Canadian banks like BMO and TD for their reliable returns ...
Toronto Dominion's Incoming CEO Lays Out AML Remediation Plans
ZACKS· 2025-01-08 16:30
TD Bank's AML Remediation and Strategic Review - TD Bank faced a significant penalty of $3 09 billion due to AML shortcomings, leading to a plea agreement with the US Department of Justice [1][3] - The bank is reducing its US retail assets by approximately 10% to comply with the $434 billion limit set by the OCC [5] - TD has strengthened its AML staff and hired in risk and audit areas, aiming to meet regulatory expectations [5][6] - The bank appointed a new head of US financial crimes and risk management and reorganized its AML team in the US [6] - TD plans to integrate external benchmarking to ensure appropriate resource funding and support for AML efforts [6][7] Strategic Review and Capital Allocation - TD suspended its medium-term growth targets and initiated a comprehensive strategic review due to rising expenses [2] - The bank is considering offloading some loan portfolios and repositioning bond holdings to optimize return on equity in the US [8] - TD is reviewing its ownership stake in Charles Schwab, having reduced its stake from 12 3% to 10 1% last year [9][11] - The bank clarified that its deposit agreement with Schwab will continue regardless of its investment decisions [10][11] Industry Context and Legal Issues - Deutsche Bank's broker-dealer subsidiary was fined $4 million by the SEC for failing to file Suspicious Activity Reports promptly [14] - Bank of America received a cease-and-desist order from the OCC to address deficiencies in its BSA/AML and sanctions compliance programs [15] TD's Financial Performance - TD shares lost 2 3% over the past six months, underperforming the industry's 4 8% growth [12] - The bank currently carries a Zacks Rank 4 (Sell) [13]
The Toronto-Dominion Bank Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before December 21, 2024 to Discuss Your Rights - TD
Prnewswire· 2024-12-23 10:45
NEW YORK, Dec. 23, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of The Toronto-Dominion Bank (NYSE: TD).Shareholders who purchased shares of TD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/the-toronto-dominion-bank-loss-submission-form/?id=117762&from=4CLASS PERIOD: Februar ...
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in The Toronto-Dominion Bank of Class Action Lawsuit and Upcoming Deadlines - TD
Prnewswire· 2024-12-20 21:04
NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against The Toronto-Dominion Bank ("TD Bank" or the "Company") (NYSE: TD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether TD Bank and certain of its office ...
INVESTOR DEADLINE APPROACHING: The Toronto-Dominion Bank Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - TD
Prnewswire· 2024-12-20 10:55
SAN DIEGO, Dec. 20, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of The Toronto-Dominion Bank ("TD Bank") (NYSE: TD) securities between March 7, 2022 and October 9, 2024, both dates inclusive (the "Class Period"), have until this upcoming Monday, December 23, 2024 to seek appointment as lead plaintiff of the TD Bank class action lawsuit. Captioned Gonzalez v. The Toronto-Dominion Bank, No. 24-cv-09445 (S.D.N.Y.), the TD Bank class action lawsui ...
The Toronto-Dominion Bank Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before December 21, 2024 to Discuss Your Rights – TD
GlobeNewswire News Room· 2024-12-19 17:07
NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in The Toronto-Dominion Bank ("TD" or the "Company") (NYSE: TD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TD investors who were adversely affected by alleged securities fraud between February 29, 2024 and October 9, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/the-toronto-dominion-bank-laws ...
Contact The Gross Law Firm by December 21, 2024 Deadline to Join Class Action Against The Toronto-Dominion Bank(TD)
Prnewswire· 2024-12-19 10:45
NEW YORK, Dec. 19, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of The Toronto-Dominion Bank (NYSE: TD).Shareholders who purchased shares of TD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/the-toronto-dominion-bank-loss-submission-form/?id=117268&from=4CLASS PERIOD: Februar ...
TD Deadline: TD Investors with Losses in Excess of $100K Have Opportunity to Lead The Toronto-Dominion Bank Securities Fraud Lawsuit
Prnewswire· 2024-12-19 00:35
NEW YORK, Dec. 18, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of The Toronto-Dominion Bank (NYSE: TD) between March 7, 2022 and October 9, 2024, both dates inclusive (the "Class Period"), of the important December 23, 2024 lead plaintiff deadline.So what: If you purchased TD securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to d ...
TD Shareholder Alert: Contact Robbins LLP for Information About The Toronto-Dominion Bank Class Action Lawsuit – Lead Plaintiff Deadline Approaching
GlobeNewswire News Room· 2024-12-18 05:32
SAN DIEGO, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired The Toronto-Dominion Bank (NYSE: TD) securities between February 29, 2024 and October 9, 2024. TD is an international bank, operating through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. For more information, submit a form, email attorney Aaron Dumas ...