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.