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 ...

The Toronto-Dominion Bank (NYSE:TD) Q2 2024 Earnings Call Transcript May 23, 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 Tim Wiggan - Group Head, Wealth Management and Insurance Raymond Chun - Group Head, Canadian Personal Banking Barbara Hooper - Group Head, Canadian Business Banking Conference Call Participants Doug Young - Desjardins Capital Mark ...

TD Bank Group Reports Second Quarter 2024 Results Report to Shareholders • Three and six months ended April 30, 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 ...

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 ...

Toronto-Dominion Bank (TD) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this retail and wholesale bank would post earnings of $1.42 per share when it actually produced earnings of $1.47, delivering a surprise of 3.52%. Over the last four ...