04:08:59 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,750,271,719
Close 2024-12-06 C$ 73.51
Market Cap C$ 128,662,474,064
Recent Sedar Documents

Globe says TD has "thrown in the towel" for 2025

2024-12-06 07:25 ET - In the News

The Globe and Mail reports in its Friday edition that TD Bank will face challenges growing profit next year as the bank curbs its U.S. retail business and remediates the anti-money-laundering gaps that resulted in severe penalties from U.S. regulators and law enforcement. The Globe's Stefanie Marotta writes that TD suspended its financial targets for 2025 and signalled Thursday that investors will have to wait until next year for updated growth expectations. TD has also launched a strategic review aimed at revamping its businesses and bolstering its share price. TD suspended its previously set growth targets of 7 per cent to 10 per cent in adjusted earnings per share, 16-per-cent return on equity and positive operating leverage. TD's share price tumbled 7 per cent in Toronto on Thursday, deepening the bank stock's plunge this year to 13.6 per cent. Incoming chief executive officer Raymond Chun, who is the bank's chief operating officer, was front and centre on TD's fourth-quarter earnings call on Thursday morning, appealing to investors for patience. Jefferies analyst John Aiken said TD is "throwing in the towel for 2025. What is important for TD is the expectations for 2025 and beyond," Mr. Aiken said in a note.

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