Lapses in its anti-money laundering (AML) program continue to cost Toronto-Dominion Bank (TD Bank). The lender announced third-quarter earnings Thursday (Aug. 22) that include a $2.6 billion provision related to a possible investigation into the AML program. This follows a $450 million provision announced during the previous quarter. U.S. regulators have been examining the Canadian bank's AML efforts, leading TD to embark on a "remediation" of the program. "As part of this work, the bank has been making inv ...

Key Takeaways TD Bank shares fell Thursday morning after the bank reported a surprise loss for the third quarter of fiscal 2024. The net loss was driven by one-time expenses, including billions of dollars set aside for expected fines over investigations into its anti-money laundering practices. TD's earnings also missed estimates after adjusting for one-time expenses. TD Bank (TD) shares lost ground in early trading Thursday after reporting a surprise third-quarter loss, thanks to billions of dollars the co ...

Toronto-Dominion Bank (TD) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.67%. A quarter ago, it was expected that this retail and wholesale bank would post earnings of $1.35 per share when it actually produced earnings of $1.50, delivering a surprise of 11.11%. Over the last four ...

Quarterly Results Presentation TD Bank Group Q3 2024 August 22, 2024 Caution Regarding Forward-Looking Statements From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Toronto-Dominion Bank (TD) , which belongs to the Zacks Banks - Foreign industry, could be a great candidate to consider. When looking at the last two reports, this retail and wholesale bank has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.32%, on average, in the last two quarters. For the last report ...

If you are looking at the financial sector, here's why this bank, with a 5.1% yield, should be on top of your investment wish list. Toronto-Dominion Bank (TD 0.79%) is yielding 5.1% right now, which is at the high end of the stock's historical yield range. If that's not enough to entice you to invest $1,000, that yield is also around twice the 2.5% yield you'd collect from the average bank, using SPDR S&P Bank ETF as a benchmark. Before you run out and buy the stock, here's a deeper look at why TD Bank is t ...

The market expects Toronto-Dominion Bank (TD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

In the latest trading session, Toronto-Dominion Bank (TD) closed at $57.79, marking a +1.16% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.69%. On the other hand, the Dow registered a gain of 1.04%, and the technology-centric Nasdaq increased by 2.43%. The retail and wholesale bank's stock has dropped by 0.21% in the past month, exceeding the Finance sector's loss of 1.73% and the S&P 500's loss of 4.78%. The investment community will be paying close attention to ...

James Wagner Welcome To TD Bank TD is a Canadian bank headquartered in Toronto, Canada, founded in 1955 by the merging of two banks, the Bank of Toronto and The Dominion Bank, each founded in 1855 and 1869, respectively. It is a top 10 bank in North America with assets totaling about $2.0 trillion CAD, and it is a globally systemically important financial institution. It operates in four segments: Canadian personal & commercial banking, US retail banking, Wealth management & insurance, and Wholesale banking ...

In the latest trading session, Toronto-Dominion Bank (TD) closed at $57.76, marking a -0.77% move from the previous day. This change lagged the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%. The the stock of retail and wholesale bank has risen by 5.91% in the past month, leading the Finance sector's loss of 1.27% and the S&P 500's loss of 0.21%. Investors will be eagerly watching for the performance of Toronto-Dominion Bank in its upcoming earn ...