The Toronto-Dominion Bank (NYSE:TD) Barclays 22nd Annual Global Financial Services Conference September 10, 2024 9:45 AM ET Company Participants Ray Chun - Group Head, Canadian Personal Banking Conference Call Participants Unidentified Analyst So good morning, everyone. Our third Canadian bank presentation this morning is from Toronto-Dominion Bank. Joining us today from Toronto-Dominion Bank is Ray Chun, who is the Group Head of Canadian Personal Banking. Welcome, Ray. Ray Chun Thanks for having me, Brian. ...

The Toronto-Dominion Bank (NYSE:TD) 25th Annual Scotiabank Financials Summit Conference September 4, 2024 10:25 AM ET Company Participants Bharat Masrani - President and CEO Unidentified Company Representative [Call Started Abruptly] financial penalties and fines are concerned, we announced a provision of $2.6 billion in the quarter. In addition to that, for previous quarter, we took $450 million. Our view is that that's our estimate of what this will cost to get this issue behind us from a fines and settle ...

TD Bank's ongoing issues with its anti-money laundering (AML) controls could usher in a leadership change. That's according to a Wednesday (Aug. 28) Reuters report, based on interviews with 10 shareholders at Canada's second-largest bank, as well as two analysts. They said a change in CEO is "imminent" in 2025, per the report, with most of them positing the notion of an outside hire who has knowledge of the U.S. banking sector, and who can start fresh once TD resolves its AML troubles. "Once we get past the ...

Shares of Toronto-Dominion Bank (TD) declined 2.2% as the company incurred a loss on a GAAP basis in the third quarter of fiscal 2024 (ended Jul 31). The quarterly loss was primarily due to provisions for the penalties related to investigations concerning its anti-money laundering (AML) practices by the U.S. regulators. Net loss (GAAP basis) was C$181 million ($132.2 million) against net income of $2.88 billion in the prior-year quarter. Huge increases in provisions for credit losses and higher expenses act ...

A red number for an important line item sank the company's shares. No investor likes a surprise net loss, and an unexpected quarterly deficit put Toronto-Dominion Bank's (TD -2.19%) stock in the doghouse on Thursday. The company's share price sagged by more than 2% in late-session trading, a steeper decline than the 0.8% slide of the S&P 500 index at the same time. High provisions sank the bottom line Toronto-Dominion's results for the fiscal third quarter of 2024 came out Thursday morning before market ope ...

TD Bank logo on branch Spencer Platt/Getty Images News Toronto-Dominion Bank Overview The Toronto-Dominion Bank (NYSE:TD, TSX:TD:CA) just released its fiscal third quarter earnings and largely missed analyst expectations. The headline metrics were C$14.1 billion in revenue, up 9.7% (beat by C$1.4) and $-0.14 in reported EPS, down from $1.53. Although revenue was far ahead of estimates, it was overshadowed by the completely unexpected negative GAAP earnings figure. The earnings were negative, primarily due t ...

TD Bank Group Reports Third Quarter 2024 Results Report to Shareholders • Three and nine months ended July 31, 2024 The financial information in this document is reportedin Canadian dollars and is based onthe Bank's unaudited Interim ConsolidatedFinancial Statements and related Notes prepared in accordancewith International Financial Reporting Standards(IFRS) as issued by the InternationalAccounting Standards Board (IASB), unless otherwise noted. Certain comparativeamounts have been revised to conformwith t ...

In anticipation of a year-end global resolution of the investigations into its anti-money laundering (AML) practices by U.S. regulators, Toronto-Dominion Bank (TD) has taken a further provision of $2.6 billion in its fiscal third-quarter results. In addition to the $450-million provision announced in April, TD estimates that it will have to pay $3 billion in connection with its compliance failures. Bharat Masrani, the CEO of TD Bank, stated, "We recognize the seriousness of our US AML program deficiencies. ...

The Toronto-Dominion Bank (NYSE:TD) Q3 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Brooke Hales - Head of IR Bharat Masrani - CEO Kelvin Tran - CFO Ajai Bambawale - CRO Leo Salom - President and CEO, TD Bank Riaz Ahmed - Group Head, Wholesale Banking Raymond Chun - Group Head, Canadian Personal Banking Barbara Hooper - Group Head, Canadian Business Banking Conference Call Participants Meny Grauman - Scotiabank John Aiken - Jefferies Matthew Lee - Canaccord Genuity Gabriel D ...

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, The ...