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Toronto Dominion Bank - TD STOCK NEWS

Welcome to our dedicated page for Toronto Dominion Bank news (Ticker: TD), a resource for investors and traders seeking the latest updates and insights on Toronto Dominion Bank stock.

Toronto-Dominion Bank (TD Bank Group) is a prominent Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Formed on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank, TD has a rich history dating back to 1855 and 1869. As one of Canada's leading banks, TD operates in three main business segments: Canadian retail banking, U.S. retail banking, and wholesale banking.

TD's extensive U.S. operations stretch from Maine to Florida, with a notable presence in the Northeast, serving over 10 million customers across more than 1,100 locations. The bank also holds a 13% ownership stake in Charles Schwab, enhancing its influence in the financial sector.

Recent achievements highlight TD's innovative and customer-centric approach. For instance, TD Bank's Retail Card Services business recently announced a multi-year financing agreement with Rare Carat, an online retailer specializing in diamonds and engagement rings. This partnership aims to provide customers with customized financing solutions, reflecting TD's commitment to offering value and flexibility.

TD's dedication to digital advancement is evident in its data-access agreement with Plaid, enabling customers to securely connect to over 8,000 apps and services. This initiative demonstrates TD's focus on enhancing customer experience through secure and convenient digital solutions.

Innovation is a cornerstone of TD's operations. The bank's patent inventors have expanded their portfolio to over 2,500 filings, with a significant portion related to AI innovation. TD's internal ideation program, iD8, encourages employees to contribute ideas, fostering a culture of continuous improvement.

TD operates several key businesses globally, including Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. With assets totaling $1.96 trillion as of October 31, 2023, TD ranks among the world's leading online financial services firms, with over 17 million active online and mobile customers.

TD's strategic focus on digital innovation, customer experience, and sustainable growth positions it as a formidable player in the global banking industry. The Toronto-Dominion Bank trades under the symbol 'TD' on the Toronto and New York Stock Exchanges, reflecting its significant presence in the financial markets.

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On October 6, 2022, TD announced a $500,000 contribution to support Hurricane Ian relief efforts in the Southeast. This donation will assist local non-profits and provide financial aid to affected customers through the TD Cares program, which includes fee refunds and penalty-free withdrawals. The bank also offers disaster relief to impacted employees. Since 2002, the TD Charitable Foundation has distributed over $230 million in grants. This initiative emphasizes TD's commitment to community support and recovery from natural disasters.

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TD Bank has announced a multi-year financing partnership with RH, enhancing credit card financing options for RH customers. This initiative includes a private-label credit card program offering competitive APRs, aimed at providing flexibility as consumers approach fall 2023. TD's Retail Card Services will support RH's extensive luxury home furnishings collection, promoting customer convenience and brand loyalty. Both companies align on a personalized customer relationship philosophy, expected to boost RH's market presence.

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TD Bank announces the appointment of Christopher Fred as Head of U.S. Credit Cards and Unsecured Lending, effective October 3, 2022. With 26 years of industry experience, Fred previously held senior positions at Citi and Goldman Sachs. He will oversee strategic direction, operations, and customer experience initiatives for TD's diverse credit card and unsecured lending portfolio, which includes new products like the TD Double Up Credit Card.

TD Bank is one of the top 10 banks in the U.S., serving over 9.8 million customers.

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TD Bank has announced a multi-year extension of its partnership with Target Corporation, continuing its role as the exclusive issuer of Target co-branded consumer credit cards. This collaboration, which began in 2013, aims to enhance customer value through the RedCard Mastercard program, offering benefits like 5% savings and rewards on various purchases. Target's RedCard holders have collectively saved over $9.7 billion over the past 12 years. The partnership reflects both companies' commitment to delivering exceptional value and an innovative card program for customers.

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TD Bank plans to open approximately 15 new stores in Charlotte, North Carolina, by 2025 to accommodate population growth. The first two locations will open in summer 2023. At least 25% of these branches will be in low-to-moderate income areas. This expansion is expected to create around 100 jobs, increasing the bank's presence from 11 to 15 branches in the state. TD Bank aims to enhance services offered and meet growing consumer demands in a rapidly developing market.

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TD Bank has announced a collaboration with DailyPay to launch a real-time wage access solution for employees. This innovative service allows clients to offer employees immediate access to earned wages, addressing the challenges posed by delayed pay periods. With inflation impacting finances, this tool aims to provide relief for workers facing unforeseen expenses. The solution integrates with existing payroll systems, ensuring funds are deposited promptly and can be accessed via various banking methods. This initiative is particularly beneficial for independent contractors seeking faster payment options.

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TD Bank Group has announced an all-cash acquisition of Cowen Inc. for US$1.3 billion, or US$39 per share. This deal aims to accelerate TD Securities' growth strategy in the U.S. by integrating Cowen's investment banking expertise and expanding its offerings. The combined entity will have pro forma revenues of approximately C$6.8 billion, leveraging Cowen's research capabilities among the top 10 in the U.S. The transaction is expected to close in Q1 2023, subject to regulatory approvals.

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FAQ

What is the current stock price of Toronto Dominion Bank (TD)?

The current stock price of Toronto Dominion Bank (TD) is $54.18 as of January 8, 2025.

What is the market cap of Toronto Dominion Bank (TD)?

The market cap of Toronto Dominion Bank (TD) is approximately 95.0B.

What is Toronto-Dominion Bank (TD)?

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.

When was TD Bank formed?

TD Bank was formed on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank.

What are the main business segments of TD?

TD operates in three main business segments: Canadian retail banking, U.S. retail banking, and wholesale banking.

Where does TD have operations in the United States?

TD has operations spanning from Maine to Florida, with a strong presence in the Northeast.

What recent partnership has TD Bank entered?

TD Bank recently announced a multi-year financing agreement with Rare Carat, an online retailer specializing in diamonds and engagement rings.

How does TD enhance digital security for its customers?

TD has entered a data-access agreement with Plaid to enable more secure and private data sharing, eliminating the need for customers to share login credentials with third parties.

What is TD's approach to innovation?

TD fosters innovation through programs like TD Invent and iD8, encouraging employee contributions and focusing on AI and digital advancements.

How many active online and mobile customers does TD have?

TD has more than 17 million active online and mobile customers.

What is TD's asset size?

As of October 31, 2023, TD had $1.96 trillion in assets.

On which stock exchanges is TD listed?

TD is listed on the Toronto and New York Stock Exchanges under the symbol 'TD'.
Toronto Dominion Bank

NYSE:TD

TD Rankings

TD Stock Data

94.96B
1.75B
0.09%
59.57%
0.96%
Banks - Diversified
Financial Services
Link
United States of America
Toronto