Toronto-Dominion Bank

TD Bank will allocate up to C$25m over three years to develop and adopt AI through a partnership with Cohere and its in-house AI unit Layer 6. Cohere engineers will work alongside Layer 6 at MaRS Discovery District to test enterprise-grade AI models aimed at boosting productivity, decision-making and client experience. The initiative also aims to build AI literacy and responsible adoption in Canada. Separately, TD is participating with five other Canadian banks in a tokenised deposits project to explore Canadian-dollar digital money use cases. » Więcej na finance.yahoo.com

TD Bank reported at the Scotiabank summit a strong third quarter with a return on equity of 16% and an improved cost-to-income ratio from 59.5% to 55%. Wholesale banking grew to 15% of earnings and is targeted to reach 20–25% in the medium term. Restructuring charges of CAD 900m were booked, the CET1 ratio stands at 14.3%, and the bank remains on track for organic capital growth and share buybacks. Management sees AI initiatives as a significantly larger opportunity than the previously expected CAD 1bn and plans broader deployment for process automation and cost reduction. » Więcej na de.investing.com

TD Bank Group reported a record net profit of CAD 4.7 billion for Q3 2026 and EPS of CAD 2.77 (estimate CAD 2.45); revenue rose to CAD 16.93 billion, well above estimates. Return on equity climbed to 16% and the bank saw broad strength in Canadian personal and commercial banking, U.S. retail banking, wealth management and wholesale banking. Management reaffirmed its outlook and expects to exceed its 2026 targets for EPS growth and return on equity, along with substantial capital returns and branch expansion in the U.S. » Więcej na de.investing.com

Toronto Dominion Bank beat expectations in the third fiscal quarter of 2026 with adjusted diluted earnings per share of C$2.77 (consensus ~C$2.45) and adjusted net income of C$4.67 billion (prior year C$3.87 billion). Revenue rose to C$16.92 billion, provisions for credit losses fell to C$917 million, and adjusted return on equity improved to 16%. Analysts raised price targets and the stock climbed about 1.5% in pre-market trading, while investors monitor the impact of ongoing US remediation measures and anti-money-laundering regulations on the US retail business. » Więcej na de.investing.com

The US Department of Justice sentenced two former TD Bank employees to prison for money laundering and fraud. One ex-employee in New York received 46 months behind bars for enabling a money-laundering network to funnel millions through bank accounts. Another former employee in New York was sentenced to 24 months for conspiracy to commit wire fraud. » Więcej na de.investing.com