TD Bank Group Reports Q3 Loss Amid Record Canadian Performance

Toronto Dominion Bank (TSE:TD) has released an update.

TD Bank Group announced a loss of $181 million for the third quarter of 2024, a stark contrast to the $2,881 million profit reported in the same quarter last year. Despite this, the bank achieved record revenue and net income in its Canadian Personal and Commercial Banking sector and maintained strong performance across its markets-driven businesses. The results were significantly impacted by a substantial provision for anti-money laundering program investigations.

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