TD Pledges to Cut Billions in Costs as It Reintroduces Guidance

TD bank reinstates growth target, focuses on high-fee segments, cost cuts

TD Bank on Monday reinstated its medium-term growth target which it suspended in December, as it recovered from a US$3 billion (C$4.05 billion) fine in the U.S. for anti-money laundering failures and laid out a strategy to focus on fee-based businesses.

TD Pledges to Cut Billions in Costs as It Restores Guidance

Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a US money-laundering scandal — as it pledges to slash billi…

TD Pledges to Cut Billions in Costs as It Reintroduces Guidance

Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a US money-laundering scandal — as it pledges to slash billions in annual costs and boost revenue through a push to attract more clients and sell them additional products.

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…

TD Bank Says AI Will Reduce Costs and Enhance Client Services

TD Bank Group said Monday (Sept. 29) that it is adopting new artificial intelligence and other digital solutions to accelerate its growth and enhance its performance. In a press release issued ahead of the bank’s Investor Day on Monday, Raymond Chun, group president and CEO at TD Bank Group, said: “We are building a simpler, faster and more efficient TD to outpace the market and accelerate growth. We’re investing in talent, harnessing …

TD pledges to cut billions in costs as it restores guidance

Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a U.S. money-laundering scandal — as it pledges to slash billions in annual costs and boost revenue through a push to attract more clients and sell them additional products.