TD Bank unveils cost-saving measures, sets revenue targets

Toronto-Dominion Bank (TD Bank) has announced a strategic plan to reduce costs while reinstating previously suspended growth guidance. The bank aims to touch a 16% adjusted return on equity and a 7% to 10% growth in adjusted earnings per share by the end of fiscal 2029, according to a Bloomberg report. This guidance aligns with previous targets set before the bank suspended its growth target plan in December as a response to a money-laundering settlement in the US. The bank paid more than $3bn in penalti ...