TD Posts Surprise Loss, Anticipating Fines From Anti-Money Laundering Investigation
TDDominion Bank(TD) Investopedia·2024-08-22 21:55

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 ...