|Bid||57.69 x 1800|
|Ask||57.71 x 800|
|Day's range||57.46 - 57.99|
|52-week range||47.73 - 61.90|
|Beta (3Y monthly)||1.07|
|PE ratio (TTM)||12.77|
|Forward dividend & yield||2.23 (3.87%)|
|1y target est||64.12|
MEDIA ADVISORY - TD Bank Group Executive to Present at the CIBC 18th Annual Eastern Institutional Investor Conference
TD gives cardholders control and confidence with first-in-Canada security feature for credit cards
TORONTO , Sept. 12, 2019 /CNW/ - A new TD Bank Group (TD) survey reveals that a majority of Canadians (72%) are comfortable with companies using artificial intelligence (AI) if it means they'll receive better and more personalized service, but 68 per cent admit that they don't understand the technology well enough to know the risks. "The trust that our customers place in us is central to our innovation philosophy, no matter which set of technologies we're exploring," says Michael Rhodes , Group Head, Innovation, Technology and Shared Services at TD. "As the adoption of AI develops and continues across financial services, we believe this is a critical time to advance an industry-wide discussion that moves beyond principles to create world-class services for Canadians in a responsible way.
TD Asset Management Inc. expands alternative investments lineup with launch of TD Greystone Real Asset Pooled Fund Trust
/R E P E A T -- Media Advisory - TD Bank Group Executive to Present at the Barclays Global Financial Services Conference/
Deutsche Bank (DB) continues overhauling, which includes reducing dozens of employees in its global fixed-income unit, reports Bloomberg.
/R E P E A T -- Media Advisory - TD Bank Group Executive to Present at the Scotiabank Financials Summit/
Media Advisory - TD Bank Group Executive to Present at the Barclays Global Financial Services Conference
Toronto-Dominion Bank (TD) and Royal Bank of Canada (RY) face penalty of C$24.5 million for trading malpractice in foreign exchange transactions between 2011 and 2013.
Royal Bank of Canada and Toronto-Dominion Bank have agreed to pay a combined C$24.5 million ($18.5 million) to settle charges of foreign exchange trading malpractices brought against the Canadian banks by a regulator, following a settlement hearing held on Friday. In separate statements of allegations, the Ontario Securities Commission (OSC) said this week that TD and Royal Bank of Canada had failed to have sufficient supervision and controls in their foreign exchange trading businesses from at least 2011 to 2013. "The settlement will send a clear message to firms about the importance of promoting a culture of compliance," Cullen Price, Manager, Market Abuse Team, Enforcement at OSC said during TD's hearing.
TD Bank Group , the country's No. 2 lender by market value and the last of Canada's top six banks to report quarterly profits on Thursday, slightly missed analysts' expectations. The latest earnings season for Canadian banks saw higher loan loss provisions, subdued margin growth and capital markets weakness offsetting retail and wealth management strength, with three of the top six banks missing market expectations for profit growth. "The last few years have been an absolutely Goldilocks environment for credit for the banks," as low interest rates and unemployment eased consumer burdens while robust profits helped commercial loan books, said Brian Madden, portfolio manager at Goodreid Investment Counsel.
Toronto-Dominion (TD) delivered earnings and revenue surprises of 0.00% and 3.68%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
The bank posted 11% growth in adjusted earnings in its U.S. retail business and a surprise 9% increase in wholesale banking, which includes capital markets and investment banking, while Canadian retail income rose 3.4%. TD Bank shares rose 0.8% to C$72.10 in morning trading in Toronto, while the Toronto stock benchmark gained 0.7%. Total loan-loss provisions at TD Bank climbed 17% to C$655 million ($493.41 million) in the quarter, better than the C$689 million analysts had expected.
Toronto-Dominion Bank (TD) and Royal Bank of Canada (RY) accused of trading malpractice in foreign exchange transactions between 2011 and 2013.