Toronto Dominion Bank (TSE:TD) has released an update.
TD Bank Group has announced a mixed financial performance for the second quarter of 2024, with reported earnings dropping 22% to $2.6 billion, while adjusted earnings saw a slight increase of 2% to $3.8 billion. The Canadian Personal and Commercial Banking sector showed strength, with a 7% increase in net income, attributed to volume growth and margin expansion. However, the U.S. Retail Bank faced challenges, with a significant 59% decrease in reported net income, largely due to provisions related to anti-money laundering program investigations.
For further insights into TSE:TD stock, check out TipRanks’ Stock Analysis page.
