Toronto-Dominion Bank

TSX:TDCanadaView on NYSE

Sep 20, 2024

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• DJ Toronto-Dominion Bank Stock Rises Friday, Outperforms Market, from 4:35PM ET on Friday Sep 20, 2024 by Dow Jones

  4:35PM ET on Friday Sep 20, 2024 by Dow Jones
  Companies Mentioned: TD, TD
  
  This article was automatically generated by MarketWatch using technology from Automated Insights.
  
  Shares of Toronto-Dominion Bank TD inched 0.26% higher to C$87.55 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index rising 0.01% to 23,867.55.
  

• DJ TD Bank's Incoming CEO Taking Over At Challenging Time -- Market Talk, from 2:12PM ET on Friday Sep 20, 2024 by Dow Jones

  2:12PM ET on Friday Sep 20, 2024 by Dow Jones
  Companies Mentioned: TD, TD
  
  1412 ET - Toronto-Dominion Bank CEO-designate Raymond Chun will take over the big Canadian bank at a challenging time, with a revamped senior executive team while he also has to maintain adequate oversight over core business lines, Morningstar DBRS says. Outgoing CEO Bharat Masrani has unveiled retirement plans with details of anti-money laundering investigations still to be revealed and with remediation efforts still a top priority, though he will provide some continuity as he remains an advisor until the end of October 2025. Morningstar notes Chun will need to stay on top of TD's U.S. franchise and retail operations, which operate in a very competitive and fragmented market, where the bank may be facing restrictions that could potentially limit or restrict its key U.S. growth strategy. (robb.stewart@wsj.com)
  

• DJ TD Bank's CEO Succession Clarity Could Buoy Shares -- Market Talk, from 2:08PM ET on Friday Sep 20, 2024 by Dow Jones

  2:08PM ET on Friday Sep 20, 2024 by Dow Jones
  Companies Mentioned: TD, TD
  
  1408 ET - Don't underestimate the potential boost to Toronto-Dominion Bank's stock from reduced uncertainty tied to CEO succession and the potential for improved clarity around U.S. anti-money laundering issues, BofA Securities' Ebrahim Poonawala argues. The analyst thinks investors have been frustrated with management's execution for a long time, going back prior to the pandemic. Yet he notes TD's stock performance since CEO Bharat Masrani took the helm in 2014 was in line with best-in-class peer Royal Bank of Canada up until late 2023, which highlights the underlying strength of a franchise that has the potential to overcome less than stellar execution. Shares continue to react well to news Masrani will retire next year, up another 0.5% Friday to C$87.74. (robb.stewart@wsj.com)
  

• National Bank on TD's CEO Succession, from 8:43AM ET on Friday Sep 20, 2024 by MT Newswires

  8:43AM ET on Friday Sep 20, 2024 by MT Newswires
  Companies Mentioned: TD
  08:43 AM EDT, 09/20/2024 (MT Newswires) -- TD announced that current President & CEO, Bharat Masrani, will be retiring effective April 10, 2025. The current head of Canadian Personal Banking, Raymond Chun, will be named COO effective November 1, and...

• RBC on Raymond Chun's Appointment as TD CEO, from 6:36AM ET on Friday Sep 20, 2024 by MT Newswires

  6:36AM ET on Friday Sep 20, 2024 by MT Newswires
  Companies Mentioned: TD
  06:36 AM EDT, 09/20/2024 (MT Newswires) -- TD announced Thursday that chief executive officer Bharat Masrani intends to retire on April 10, 2025. Raymond Chun, Group Head, Canadian Personal Banking, will become chief operating officer from November...