This bank offers a 5%-plus yield, has paid uninterrupted dividends for over 100 years, and has a conservative culture. Here's why this bad short-term news that led to a 33% decline in TD Bank's share price could create a great buying opportunity for long-term income investors. TD Bank had a deal lined up to buy a regional U.S. bank, a move that would have expanded its reach in the country. As a giant in the highly protected Canadian market, growth has largely come from TD Bank's U.S. arm. It seemed like a s ...

PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Berger Montague PC is currently investigating potential violations of anti-money-laundering ("AML") laws and the federal securities laws, as well as breaches of fiduciary duties on behalf of investors in The Toronto-Dominion Bank ("TD Bank" or the "Company") (NYSE: "TD") during the period of August 26, 2021 through and including May 23, 2024. Berger Montague is investigating, among other things, whether TD Bank failed to disclose that it would likely be requir ...

Kowal, who had been with the bank since 2017, will be succeeded by Deputy Chief Compliance Officer Erin Morrow, according to the report. To address the shortcomings in its AML program, TD Bank brought in top talent with experience in transforming and leading AML programs at major banks, cooperated closely with authorities by providing documentation and internal video recordings related to the matter, and invested 500 million Canadian dollars (about $365 million) in its AML program, per the report. TD Bank's ...

Reasons Behind Ratings Affirmation Consumer Loans and Mortgages: The high-rate environment and softer economic conditions may result in continued softness for consumer loans, especially credit cards and unsecured loans. Yet, residential mortgage loans are performing well due to low loan-to-values, stable employment levels and a housing shortage. Fitch's affirmation of ratings signifies a vote of confidence in the robustness and resilience of Canada-based banks despite certain challenges and uncertainties ah ...

TD Bank Group Q2 2024 Investor Presentation TD's operating results for the fiscal second quarter painted the picture of a business that is doing well in the face of challenges. The company's revenue surged 9.9% higher year-over-year to $10.1 billion during the quarter (all figures to follow are also in USD). This was almost $1.1 billion ahead of Seeking Alpha's analyst consensus in the quarter. TD's Canadian Personal & Commercial Banking business benefited from higher loan volumes and deposit volumes for th ...

Key Points Industry/Company - **Company**: Toronto-Dominion Bank (NYSE: TD) - **Event**: TD Cowen's 8th Annual Future of the Consumer Conference - **Date**: June 6, 2024 Core Points and Arguments - **Revenue Growth**: TD Securities has seen significant revenue growth over the past 10 years, with a 50% increase in revenue to nearly $4.8 billion in 2022 and $3.7 billion in the first six months of the fiscal year [4]. - **Acquisition of TD Cowen**: The acquisition of TD Cowen has strengthened TD Securities' platform, adding US equities capabilities and a research platform [5]. - **Diversification**: TD Securities has diversified its business model to serve clients in various geographies and products, leading to a more resilient revenue stream [10]. - **Market Momentum**: The financial markets have shown momentum since last year, particularly in technology, healthcare, and energy sectors [15]. - **Integration**: The integration of TD Securities and TD Cowen is largely complete, with leadership and people aspects fully integrated and technical aspects on track to be completed by December [26]. - **AML Investigation**: TD Securities is currently undergoing an AML investigation, but it is expected to continue growing and expanding its market share [30]. - **Balance Sheet**: TD Securities' balance sheet has been instrumental in enhancing revenue and deepening relationships with clients [34]. Other Important Points - **Research Focus**: TD Securities' research philosophy focuses on innovation, thematic research, and company-specific research [6]. - **Competitive Advantages**: TD Securities has strong balance sheet and research capabilities, which are key competitive advantages [6]. - **US-Canada Differential**: There is a significant difference in the macroeconomic environment between the US and Canada, which presents opportunities for TD Securities to provide macro research and help clients navigate cross-border flows [11]. - **Capital Allocation and Financing**: TD Securities is well-positioned to assist clients with capital allocation and financing strategies, particularly in cross-border operations [11]. - **Growth Opportunities**: TD Securities sees significant growth opportunities in debt capital markets, cash equities, equity capital markets, syndicated and leveraged finance, and investment banking [31]. - **Transaction Banking and Cash Management**: TD Securities has a strong deposit and cash management platform, which presents opportunities for growth in the United States [38].

Toronto-Dominion Bank (TD Bank) reportedly could be facing fines of up to $4 billion in relation to money- laundering probes in the United States. This estimate by analysts at Jefferies Financial Group is double the previous estimates, highlighting the severity of the potential impact on Canada's second-largest lender, Bloomberg reported Wednesday (June 5). The allegations involve instances in which TD Bank branch employees allegedly facilitated money laundering and bypassed anti-money laundering (AML) defe ...

Toronto-Dominion (TD) Bank's legal problems are growing with reported bribery allegations against a Florida banker. The bank has set aside $450 million to resolve the inquiries in the U.S., and has also paid a fine in Canada for failing to file suspicious-activity reports and document risks related to money laundering and terrorist activity. The penalties have impacted TD's earnings, with CEO Bharat Masrani recently saying he was committed to resolving the investigations promptly. The bank has invested 500 ...

Shares of Toronto-Dominion Bank (TD) gained 1% since the release of its second-quarter fiscal 2024 (ended Apr 30) results. Adjusted net income of C$3.79 billion ($2.79 billion) increased 2.2% from the prior-year quarter. Results benefited from higher non-interest income and growth in loans and deposit balance. However, an increase in expenses and provision for credit losses were the undermining factors. After considering non-recurring adjustments, net income of C$2.56 billion ($1.89 billion) declined 22.4% ...

Key Points TD Bank Group NYSE: TD TSE: TD is a prominent player in the Canadian and North American financial services sector. TD Bank's earnings report for the second quarter of 2024 was recently unveiled, revealing TD Bank's financial performance during the quarter. This earnings report holds significant weight for investors, offering a detailed glimpse into the bank's operational resilience and strategic direction against a complex economic backdrop. TD Bank Group navigates a dynamic business environment ...