Strong Capital Position
TD Bank's CET1 ratio was 13.1%, expected to rise to approximately 14.2% following the sale of their Schwab stake and an $8 billion share buyback.
Record Performance in Wholesale Banking
Wholesale Banking delivered record revenue over $2 billion, driven by its global markets business, demonstrating the power of the franchise.
Successful Strategic Portfolio Adjustments
TD Bank sold its entire 10.1% stake in Schwab and started a significant share buyback program, receiving regulatory approval to start on March 3.
US Balance Sheet Restructuring Progress
Reduced assets from $434 billion in September to $402 billion in January, with an agreement to sell a $9 billion loan portfolio.
Strong Performance in Wealth Management
Wealth Management delivered record revenue, earnings, and assets, with new accounts up 30% year-over-year.
Positive Revenue Growth
Revenue grew 9% year-over-year, driven by higher trading-related and fee income in market-driven businesses and volumes in Canadian Personal and Commercial Banking.