03:44 PM EDT, 09/29/2025 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) plans to save $500 million Canadian dollars ($359.3 million) with artificial intelligence and automation, and projects another CA$500 million in revenue from the technologies.

Annualized medium-term cost savings of CA$2 billion to CA$2.5 billion are forecast through restructuring and non-restructuring initiatives, including distribution overhaul, data modernization, workforce optimization, and cost moderation, Chief Executive Officer Raymond Chun said Monday in an investor presentation.

The bank set medium-term targets of 16% adjusted return on equity and adjusted earnings per share growth of 7% to 10% by fiscal 2029, compared with 13% adjusted ROE and adjusted EPS growth of 6% to 8% for fiscal 2026.

TD announced an additional share buyback program of CA$6 billion to CA$7 billion.

In October 2024, TD paid $3.09 billion as part of resolutions for US anti-money laundering program failures and suspended its medium-term targets in December. The newly announced targets are similar to those previously in place, Bloomberg reported Monday.

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