The Toronto-Dominion Bank (NYSE:TD) Q4 2024 Earnings Conference Call December 5, 2024 9:30 AM ET Company Participants Brooke Hales - Head, IR Bharat Masrani - Group President, CEO & Director Raymond Chun - COO & Director Kelvin Vi Tran - Group Head & CFO Ajai Bambawale - Group Head & Chief Risk Officer Sona Mehta - Group Head, Canadian Personal Banking Conference Call Participants Gabriel Dechaine - National Bank Financial Meny Grauman - Scotiabank Ebrahim Poonawala - Bank of America Merrill Lynch Paul Hold ...

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [2]. Group 1: Legal and Financial Implications - TD's guilty plea marks it as the largest bank in U.S. history to admit to such failures, leading to a punitive payment of $3.09 billion and an asset cap limiting its U.S. subsidiaries to a collective $434 billion [2]. - Following the announcement on October 10, 2024, TD's stock price dropped from $63.51 to $59.44 on October 10, and further to $57.01 on October 11, representing a decline of over 10.23% within two days [2]. Group 2: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline for lead plaintiff applications set for December 21, 2024 [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle, with no cost or obligation to participate [3].

Core Viewpoint - The Toronto-Dominion Bank (TD) faces significant legal and financial repercussions following its guilty plea related to Bank Secrecy Act violations and conspiracy to commit money laundering, resulting in a $3.09 billion penalty and operational restrictions [3]. Group 1: Legal and Financial Implications - TD has been ordered to pay a punitive amount of $3.09 billion as part of the resolution from U.S. investigations [3]. - An asset cap has been imposed, limiting TD's U.S. subsidiaries to a collective total of $434 billion, reflecting the company's assets as of September 30, 2024 [3]. - The Department of Justice highlighted TD's failures as the largest in U.S. history regarding Bank Secrecy Act violations and the first bank to plead guilty to money laundering conspiracy [3]. Group 2: Market Reaction - Following the announcement of the investigations and penalties, TD's stock price dropped from $63.51 per share on October 9, 2024, to $59.44 on October 10, 2024, and further to $57.01 on October 11, 2024, marking a decline of over 10.23% within two days [3]. Group 3: Shareholder Actions - Shareholders who purchased TD shares during the class period from February 29, 2024, to October 9, 2024, are encouraged to register for a class action lawsuit, with a deadline set for December 21, 2024 [4]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].

SAN DIEGO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of The Toronto-Dominion Bank (“TD Bank”) (NYSE: TD) securities between February 29, 2024 and October 9, 2024, inclusive (the “Class Period”), have until Monday, December 23, 2024 to seek appointment as lead plaintiff of the TD Bank class action lawsuit. Captioned Tiessen v. The Toronto-Dominion Bank, No. 24-cv-08032 (S.D.N.Y.), the TD Bank class action lawsuit charges TD Bank ...

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...

SAN DIEGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired The Toronto-Dominion Bank (NYSE: TD) securities between February 29, 2024 and October 9, 2024. TD is an international bank, operating through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. For more information, submit a form, email attorney Aaron Dumas ...

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...

NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...

NEW YORK, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Toronto-Dominion Bank (NYSE: TD) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in TD Bank, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-toronto-dominion-bank. Investors have until December 23, 2024 to ask the Court to be ...

The broader stock market fell into a quick bear market during the early days of the coronavirus pandemic. Toronto-Dominion Bank's (TD 0.07%) share price fell just like most other stocks during that period. And then the stock rallied strongly, just like many other stocks, hitting a peak of $85.That's when the wheels fell off and TD Bank, as it is more commonly known, went into a funk. The stock now trades below $60 per share. Is this a buying opportunity? Maybe, but you need to know what you are getting into ...