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TD bank reinstates medium term growth target, focuses on high fee segments
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TD bank reinstates medium term growth target, focuses on high fee segments
Sep 29, 2025 9:54 AM

TORONTO, Sept 29 (Reuters) - TD Bank on Monday

forecast return on equity of about 16% for the next four years,

reinstating a growth target it suspended in December as it

recovered from a historic $3 billion fine in the United States

for anti-money laundering failings.

The lender said a part of its focus will be on high fee

businesses such as wholesale banking and wealth management. It

plans to add more wealth management advisors, U.S retail

financial advisors and investment specialists.

The bank, Canada's second-largest lender, hosted its first

investor day since pleading guilty to multiple U.S. money

laundering charges, including conspiracy to commit money

laundering and failing to maintain an effective anti-money

laundering program.

The lender said it expects adjusted earnings per share to

grow between 7% and 10% as part of its medium term fiscal 2029

target.

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