TD Bank Q2 Earnings: Still A Buy, For Now
The Toronto-Dominion Bank reported strong Q2 earnings, surpassing revenue and EPS expectations. The bank's profitability metrics remain robust, despite facing recent fines related to anti-money laundering. Management is optimistic about continued earnings growth, projecting mid-single-digit expense increases going forward.
- ▪TD Bank beat Q2 earnings estimates with record earnings and strong profitability metrics.
- ▪The bank maintains a healthy balance sheet and high return on equity.
- ▪Management projects mid-single-digit expense growth in the near future.
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