TD Bank Group Reports Fourth Quarter and Fiscal 2024 Results Earnings News Release • Three and twelve months ended October 31, 2024 This quarterly earnings news release shouldbe read in conjunction with the Bank's unauditedfourth quarter 2024 consolidated financial resultsfor the year ended October 31, 2024, included in this EarningsNews Release and the audited 2024 ConsolidatedFinancial Statements, prepared in accordancewith International Financial Reporting Standards (IFRS) as issued by the International ...

TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as it continues to work on its anti-money laundering (AML) remediation and invest in its business.The bank said this in an earnings release in which it reported that during its fourth quarter, which ended Oct. 31, the reported net income of its Canadian banking business rose 9% year over year, while that of its U.S. banking business fell 32%.“I remain confident in the earn ...

The Toronto-Dominion Bank (NYSE:TD) Q4 2024 Earnings Conference Call December 5, 2024 9:30 AM ET Company Participants Brooke Hales - Head, IR Bharat Masrani - Group President, CEO & Director Raymond Chun - COO & Director Kelvin Vi Tran - Group Head & CFO Ajai Bambawale - Group Head & Chief Risk Officer Sona Mehta - Group Head, Canadian Personal Banking Conference Call Participants Gabriel Dechaine - National Bank Financial Meny Grauman - Scotiabank Ebrahim Poonawala - Bank of America Merrill Lynch Paul Hold ...

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [2]. Group 1: Legal and Financial Implications - TD's guilty plea marks it as the largest bank in U.S. history to admit to such failures, leading to a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion [2]. - Following the announcement on October 10, 2024, TD's stock price dropped from $63.51 to $59.44 on October 10, and further to $57.01 on October 11, representing a decline of over 10.23% within two days [2]. Group 2: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff applications set for December 21, 2024 [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [3].

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [3]. Group 1: Legal and Financial Implications - TD has been ordered to pay a punitive amount of $3.09 billion as part of the resolution from U.S. investigations [3]. - An asset cap has been imposed, limiting TD's U.S. subsidiaries to a collective total of $434 billion, reflecting the company's assets as of September 30, 2024 [3]. - The Department of Justice highlighted TD's failures as the largest in U.S. history regarding Bank Secrecy Act violations and the first bank to plead guilty to money laundering conspiracy [3]. Group 2: Market Reaction - Following the announcement of the investigations and penalties, TD's stock price dropped from $63.51 per share on October 9, 2024, to $59.44 on October 10, 2024, and further to $57.01 on October 11, 2024, marking a decline of over 10.23% within two days [3]. Group 3: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline set for December 21, 2024 [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].

Core Viewpoint - The Toronto-Dominion Bank is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, particularly concerning its anti-money laundering program and subsequent penalties imposed by U.S. authorities [1][4][5]. Group 1: Lawsuit Details - The class action lawsuit, titled Tiessen v. The Toronto-Dominion Bank, allows purchasers of TD Bank securities from February 29, 2024, to October 9, 2024, to seek lead plaintiff status by December 23, 2024 [1][6]. - Allegations include that TD Bank made false or misleading statements regarding its anti-money laundering (AML) program and failed to disclose significant failures that could impact its growth [4][5]. - On October 10, 2024, TD Bank announced a $3.09 billion penalty and an asset cap of $434 billion, which reflects its assets as of September 30, 2024, leading to a stock price drop of over 10% [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired TD Bank securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. - The lead plaintiff can choose a law firm to represent them, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 3: Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured over $6.6 billion for investors in class action cases, making it a leader in the field [7].

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, particularly concerning misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in TD Bank securities [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Company Background - TD Bank is identified as the 10th largest bank in the United States [3].

Core Viewpoint - A class action lawsuit has been filed against The Toronto-Dominion Bank (TD) for allegedly misleading investors regarding its compliance with anti-money laundering regulations, particularly the U.S. Bank Secrecy Act [1][2]. Summary by Relevant Sections Allegations - The lawsuit claims that TD failed to disclose significant issues with its anti-money laundering (AML) program and the potential consequences of these failures, including the likelihood of punitive measures that could hinder the bank's growth [2]. Recent Developments - On October 10, 2024, TD announced resolutions from investigations into its AML compliance, which included a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion. This marked TD as the largest bank in U.S. history to plead guilty to such failures [3]. - Following this announcement, TD's stock price dropped from $63.51 on October 9, 2024, to $59.44 on October 10, and further to $57.01 on October 11, representing a decline of over 10% in just two days [3]. Class Action Participation - Shareholders interested in participating in the class action must submit their application by December 23, 2024. A lead plaintiff will represent the class in the litigation [4].

Core Viewpoint - A lawsuit has been filed against The Toronto-Dominion Bank and certain senior executives for potential violations of federal securities laws, specifically regarding misleading statements about its anti-money laundering program [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2024, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit is titled Tiessen v. The Toronto-Dominion Bank, et al., No. 24-cv-08032, and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. Group 2: Financial Implications - On October 10, 2024, TD Bank pleaded guilty to criminal money-laundering-related charges and agreed to pay over $3 billion in fines to various U.S. regulatory bodies [4]. - Following the announcement of the guilty plea, TD Bank's stock price fell by 6.4%, from $63.51 per share on October 9, 2024, to $59.44 per share on October 10, 2024 [5]. Group 3: Company Background - TD Bank is identified as the 10th largest bank in the United States [3].

NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...