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UNCASVILLE, Conn.--(BUSINESS WIRE)--The Connecticut Sun is excited to announce a new multi-year relationship with TD Bank to become the exclusive financial services sponsor for the WNBA team. This collaboration is designed to engage Sun fans while supporting community involvement and championing the growth of women's sports across New England. As part of the sponsorship, TD Bank and the Connecticut Sun will: Increase access for local youth in underserved communities to experience the excitement.
TD, MAR, LII and RL just raised dividends, offering income stability as markets remain volatile amid trade tensions and rate cut uncertainty.
Toronto-Dominion Bank stock jumps 4.5% as it unveils a restructuring plan despite a second-quarter profit drop on higher costs, provisions, and lower loan balances.
TD Bank released its fiscal second quarter earnings yesterday. The release vastly exceeded expectations. Revenue in particular beat estimates widely, coming in $1.7 billion ahead of the analyst consensus. The company delivered positive growth in net interest income, while improving its capital position.
An encouraging quarterly earnings report was the catalyst sending Toronto-Dominion Bank's (TD 3.34%) stock higher on Thursday. It closed the trading session up by more than 3%, while the S&P 500 (^GSPC -0.04%) index essentially flatlined.
The Toronto-Dominion Bank (NYSE:TD ) Q2 2025 Earnings Conference Call May 22, 2025 8:00 AM ET Company Participants Brooke Hales - Head of IR Raymond Chun - CEO Leo Salom - President and CEO, TD Bank Kelvin Tran - CFO Ajai Bambawale - CRO Sona Mehta - Group Head, Canadian Personal Banking Tim Wiggan - Group Head, Wholesale Banking and President and CEO, TD Securities Conference Call Participants Matthew Lee - Canaccord Genuity John Aiken - Jefferies Gabriel Dechaine - National Bank Financial Doug Young - Desjardins Capital Markets Paul Holden - CIBC Sohrab Movahedi - BMO Capital Markets Mike Rizvanovic - Scotiabank Lemar Persaud - Cormark Securities Darko Mihelic - RBC Capital Markets Operator Good morning, everyone. Welcome to the TD Bank Group Q2 2025 Earnings Conference Call.
Toronto-Dominion Bank (TSX:TD) shares moved higher as the bank announced an earnings beat for the fiscal second quarter and unveiled a restructuring plan, including a 2% workforce reduction impacting about 2,000 employees. The restructuring plan aims to save between C$550 million to $650 million pre-tax from the workforce reduction and other cost savings measures, including real estate optimization.
Toronto-Dominion Bank (TD) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.50 per share a year ago.
Toronto-Dominion Bank's earnings soared in the recent quarter thanks to the exit from its investment in Charles Schwab, though loan-loss provisions were on the rise and the bank cautioned the economic outlook had weakened in the wake of President Trump's tariffs.
TD Bank reported a fall in second-quarter profit on Thursday, as the Canadian lender stockpiled money to cover for potential bad loans in an uncertain economic environment.