TD Bank Group Reports Third Quarter 2024 Results Report to Shareholders • Three and nine months ended July 31, 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 t ...

In anticipation of a year-end global resolution of the investigations into its anti-money laundering (AML) practices by U.S. regulators, Toronto-Dominion Bank (TD) has taken a further provision of $2.6 billion in its fiscal third-quarter results. In addition to the $450-million provision announced in April, TD estimates that it will have to pay $3 billion in connection with its compliance failures. Bharat Masrani, the CEO of TD Bank, stated, "We recognize the seriousness of our US AML program deficiencies. ...

财务数据和关键指标变化 - 收入增长8%,主要由市场相关业务的较高费用收入和加拿大个人和商业银行的较高存贷款量和存款利差推动 [16] - 拨备稳定,反映持续良好的信贷表现 [17] - 完成去年第四季度宣布的重组计划,提高了全行的效率 [17] - 核心一级资本充足率为12.8%,受AML调查拨备和本季度回购股票的影响,但部分被有机资本生成抵消 [18] 各条业务线数据和关键指标变化 加拿大个人和商业银行 - 创下收入和净利润新高,分别达到50亿加元和同比增长13% [21][47] - 贷款和存款均保持强劲增长,带来良好的经营杠杆 [21][47][48] - 房地产贷款、信用卡和个人贷款等主要业务线均保持良好增长 [22][23][24][26] - 新客户开户和新移民客户业务表现出色 [25][26] - 商业银行贷款同比增长7% [26] 美国零售银行 - 保持强劲的经营动能,实现净利润和存款的顺序增长 [27][51] - 消费贷款同比增长8%,信用卡贷款增长16% [27] - 中型企业贷款同比增长18% [28] - 获得J.D. Power客户满意度最高奖项 [29] 财富管理和保险 - 收入创新高,但受天气事件和诉讼拨备的影响 [30][55] - 零售资产管理业务净流入和市场升值推动总资产增长15% [31] - 自营交易业务持续创新,推出实时部分股票交易等新功能 [32] - 保险业务受多起严重天气事件影响,赔付成本大幅上升 [33][34][56][57] 批发银行 - 收入同比增长14%,反映更强大的业务能力 [36] - 持续整合团队,深化客户关系,在银行和市场业务中获得良好进展 [36] - 为客户提供更好的美国股票交易执行服务 [36] 公司战略和发展方向及行业竞争 - 完成主要数据平台向云端迁移,提高了可扩展性、安全性和速度 [19][20] - 获得多项数字银行和创新转型奖项,体现公司在数字化和客户体验方面的领先地位 [20] - 在加拿大和美国零售银行业务中持续执行"One TD"策略,提升产品和服务 [22][28] - 在科技和创新公司领域推出新的综合服务团队,进一步满足客户需求 [26] - 公司文化持续吸引人才,在美国和加拿大均获得最高残疾平等指数评分 [39][40] 管理层对经营环境和未来前景的评论 - 面临市场波动、利率预期变化和地缘政治风险等挑战,客户和企业普遍保持谨慎态度 [37][38] - 公司将继续支持客户度过未来几个月的不确定时期 [38] - 对公司各业务的基本面和未来发展前景保持信心 [41] 其他重要信息 - 就AML调查事项与监管机构进行富有成效的讨论,预计年内达成全球性和解 [11][12] - 已大幅加强AML合规体系,包括引进资深专家团队、投资数据和技术、优化流程等 [13][14][15] - 为受严重天气事件影响的社区提供捐赠和支持 [34][35] 问答环节重要的提问和回答 问题1 **Meny Grauman 提问** 为什么需要出售Schwab股份来增强资本,是否意味着AML罚款可能会更大 [78][79][80][81] **Bharat Masrani 回答** 公司一贯保持较高的资本水平,这次出售是出于谨慎考虑,与AML罚款预计无关 [79] 问题2 **John Aiken 提问** 出售Schwab股份后,是否会失去董事会代表权和权益法核算 [84][85][86][87] **Bharat Masrani 回答** 公司无意降低在Schwab的持股比例,这是一项战略性投资 [86] 问题3 **Matthew Lee 提问** 2024财年费用增长预期从中单位上调至高单位,主要原因是什么 [88][89][90][91] **Kelvin Tran 回答** 主要由于加强风险合规投入、市场相关业务表现出色带来的薪酬增加,以及个别诉讼拨备等 [89][90]

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 ...

文章核心观点 - 多年来,TD银行在反洗钱(AML)合规方面存在缺陷,导致持续受到监管调查和处罚 [1][2][3][7] - 为应对监管压力,TD银行正在大幅投资于风险管控基础设施,包括引进资深专家、增加员工、优化流程和技术等 [4][5] - 此前TD银行已解雇多名员工,并对部分员工采取刑事和纪律处分 [6] - TD银行的AML合规问题也导致了其收购First Horizon Bank的交易失败 [8] 行业概况 - 近期监管机构对银行AML合规的审查力度不断加大,包括对Green Dot和摩根士丹利等公司的调查 [9][10] - 监管部门正在就利用先进技术加强反欺诈能力征求意见,这可能会导致AML合规规则的变化 [11] - 大部分金融机构仍依赖于效率较低的人工AML审查流程,这增加了欺诈风险 [12][13]

Key Takeaways TD Bank shares fell Thursday morning after the bank reported a surprise loss for the third quarter of fiscal 2024. The net loss was driven by one-time expenses, including billions of dollars set aside for expected fines over investigations into its anti-money laundering practices. TD's earnings also missed estimates after adjusting for one-time expenses. TD Bank (TD) shares lost ground in early trading Thursday after reporting a surprise third-quarter loss, thanks to billions of dollars the co ...

Toronto-Dominion Bank (TD) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.67%. A quarter ago, it was expected that this retail and wholesale bank would post earnings of $1.35 per share when it actually produced earnings of $1.50, delivering a surprise of 11.11%. Over the last four ...

业绩总结 - TD银行在Q3 2024报告的净收入为36亿美元，调整后为36亿美元，每股收益为2.05美元[6] - 第三季度收入为14176百万美元，同比增长10%（调整后增长8%）[14] - 第三季度调整后每股收益（EPS）为2.05美元，同比增长5%[13] - 加拿大个人与商业银行的净收入同比增长13%，收入增长9%[15] - 美国零售银行的净损失为1787百万美元，收入同比下降1%[17] - 财富管理与保险部门的收入同比增长13%，净收入持平[19] - 第三季度的总费用为11012百万美元，同比增长50%[14] 用户数据 - TD银行的数字客户采纳率在Q3 2024达到了56.7%，较Q3 2023增加了225个基点[8] - TD银行的移动用户数量在Q3 2024达到了510万，较Q3 2023增长了6.1%[8] - 加拿大个人与商业贷款组合在Q3/24末为577.8亿美元，较Q2/24增长1.8%[60] - 加拿大个人贷款组合在Q3/24末为452.4亿美元，较Q2/24增长1.3%[67] - 加拿大住宅抵押贷款在Q3/24末为269.1亿美元，较Q2/24增长1.0%[67] 未来展望 - 2023年第四季度的重组费用为3.63亿美元，预计2024财年将实现约4.5亿美元的税前节省，2025财年开始年化节省约为8亿美元[46] - 短期利率上升25个基点将导致12个月内净利息收入增加7500万美元，若利率在整个曲线上上升则增加2.23亿美元[47] - 短期利率下降25个基点将导致12个月内净利息收入减少1.09亿美元，若利率在整个曲线上下降则减少2.6亿美元[47] 新产品和新技术研发 - TD银行在美国的移动应用程序推出了个性化功能，简化了资金转移[9] - 2024 TD Ready Challenge 提供1000万美元的资助，旨在解决服务不足的小企业主面临的系统性障碍[11] 负面信息 - 美国零售部门的PCL（贷款损失准备金）为378百万美元，较上季度的380百万美元基本持平[32] - 批发银行的PCL显著增加至118百万美元，较上季度的55百万美元大幅上升[32] - 2024年第三季度的总银行不良贷款为920百万美元，较上季度的870百万美元增加[32] 其他新策略和有价值的信息 - TD银行的总资产达到2.0万亿美元，效率比率为57.3%[6] - CET 1比率为12.8%，受到AML调查准备金和回购股份的影响[7] - 信贷损失准备金（PCL）在各业务部门中保持稳定，整体银行的PCL为1072百万美元，较上季度的1071百万美元略有上升[32]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Toronto-Dominion Bank (TD) , which belongs to the Zacks Banks - Foreign industry, could be a great candidate to consider. When looking at the last two reports, this retail and wholesale bank has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.32%, on average, in the last two quarters. For the last report ...

If you are looking at the financial sector, here's why this bank, with a 5.1% yield, should be on top of your investment wish list. Toronto-Dominion Bank (TD 0.79%) is yielding 5.1% right now, which is at the high end of the stock's historical yield range. If that's not enough to entice you to invest $1,000, that yield is also around twice the 2.5% yield you'd collect from the average bank, using SPDR S&P Bank ETF as a benchmark. Before you run out and buy the stock, here's a deeper look at why TD Bank is t ...