Strong Financial Performance
TD Bank delivered a strong quarter with earnings of $3.6 billion and EPS of $1.97. The bank's CET1 ratio was 14.9%, and it repurchased 30 million shares for a total of $2.5 billion.
Canadian Personal and Commercial Banking Growth
The segment delivered growth with average loan volumes rising 4% year-over-year and average deposits increasing 5% year-over-year.
US Retail Resilience
US Retail demonstrated resilience with six consecutive quarters of consumer deposit growth and core loans up 2% year-over-year.
Wealth Management and Insurance Success
The segment showed strong performance with Wealth Management revenue up 13% year-over-year and Insurance gross written premium growth of 10% year-over-year.
AI and Digital Investments
TD announced plans to open a new office in New York City for Layer 6, its AI research center, and has over 800 AI patent filings.