{"id":67331,"date":"2025-12-04T12:53:35","date_gmt":"2025-12-04T12:53:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/12\/04\/u-s-results-help-td-beat-earnings-estimates-hike-dividend\/"},"modified":"2025-12-04T12:53:35","modified_gmt":"2025-12-04T12:53:35","slug":"u-s-results-help-td-beat-earnings-estimates-hike-dividend","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/12\/04\/u-s-results-help-td-beat-earnings-estimates-hike-dividend\/","title":{"rendered":"U.S. results help TD beat earnings estimates, hike dividend"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Bank balance sheets benefiting from falling rates\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/rXORhk7Hx6U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Toronto-Dominion Bank<\/p>\n<p>                         beat analysts\u2019 earnings expectations after reporting higher fourth-quarter profits on Thursday, driven by better performances in its United States retail business, wealth management and wholesale banking segments. <\/p>\n<p> TD\u2019s net income for the three months ending Oct. 31 was $3.28 billion, compared to $3.63 billion during the same period a year ago, resulting in net earnings per share of $1.82. <\/p>\n<p> Its adjusted net income \u2014 which removes the impact of non-recurring items \u2014 was $3.9 billion, compared to $3.2 billion last year, resulting in adjusted earnings per share of $2.18, which beat analysts\u2019 expectations of about $2.01 per share. <\/p>\n<p> For fiscal 2025, the bank\u2019s net income was 20.5 billion, compared to $8.8 billion last year, while its adjusted net income was 15.02 billion in fiscal year 2025, compared to $14.2 billion last year. <\/p>\n<p> TD also announced it is increasing its quarterly dividend by three cents to $1.08 a share. <\/p>\n<p> \u201cTD had a strong fourth quarter, delivering robust fee and trading income in our markets-driven businesses as well as volume growth year-over-year in Canadian Personal and Commercial Banking, capping a year of strong performance,\u201d chief executive Raymond Chun said in a statement on Thursday. \u201cThroughout 2025, we took decisive action to strengthen our bank and shape TD for the future.\u201d <\/p>\n<p> TD\u2019s U.S. retail segment had adjusted net income of about $1 billion, up $227 million, or 29 per cent, compared to the fourth quarter last year. <\/p>\n<p> John Aiken, an analyst at Jefferies Inc., said in a note that he was impressed by TD\u2019s \u201csustained performance\u201d in its U.S. retail segment. <\/p>\n<p> Net income in its Wealth Management and Insurance segment increased year over year by $350 million to $699 million, while its Wholesale Banking had net income of $494 million, an increase of $259 million from a year ago. <\/p>\n<p> The bank also continued to take steps to \u201creduce its cost base and achieve greater efficiency\u201d in the fourth quarter, TD said after taking a restructuring charge of $190 million. The restructuring program began in the second quarter. <\/p>\n<p> \u201cIn connection with this program, the bank incurred $686 million pre-tax of restructuring charges during the year ended Oct. 31, 2025, which primarily related to employee severance and other personnel-related costs, asset impairment and other rationalization, including certain business wind-downs, and <\/p>\n<p>                        real estate<\/p>\n<p>                         optimization,\u201d it said. <\/p>\n<p> The bank expects to incur additional restructuring charges next quarter of about $125 million pre-tax to conclude its restructuring program, with total charges of about $825 million pre-tax. <\/p>\n<p> \u201cThe restructuring program generated savings of approximately $100 million pre-tax in 2025,\u201d TD said. \u201cThe bank expects the program to generate total pre-tax fully realized annual program savings of approximately $750 million, including savings from an approximate three per cent workforce reduction.\u201d <\/p>\n<p> In September, Canada\u2019s second-largest bank said it was aiming to cut billions of dollars\u2019 worth of expenses and accelerate growth while getting \u201cback to winning.\u201d <\/p>\n<p> The bank, which last December suspended its medium-term targets, said it expected to achieve a return on equity (ROE) of 13 per cent, grow its earnings per share (EPS) by six per cent to eight per cent and reduce expense growth to three per cent to four per cent in fiscal 2026. <\/p>\n<p> By fiscal 2029, it expects its ROE to increase to 16 per cent, with an EPS growth of seven per cent to 10 per cent. <\/p>\n<ul class=\"related_links\">\n<li>TD Bank sued by former employees<\/li>\n<li>First Horizon stock tanks in worst day since TD-deal wipeout<\/li>\n<\/ul>\n<p> These targets are similar to the ones TD had before it suspended making them last December when it undertook a \u201cbroad and detailed\u201d review of its strategies after being fined about US$3.1 billion and ordered to cap the expansion of its retail banking business in October by the United States Department of Justice and other regulators for failing to monitor money laundering activities at its branches. <\/p>\n<p> To accelerate its growth, the bank in September said it wanted to boost digital sales, enhance productivity at its branch network, add sales capability to key segments and accelerate fee-income growth in its wealth, insurance and securities segments. <\/p>\n<p> <em>\u2022 Email: nkarim@postmedia.com<\/em> <\/p>\n\n<br \/>U.S. results help TD beat earnings estimates, hike dividend<\/a><br \/>\n<br \/>2025-12-04 12:53:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto-Dominion Bank beat analysts\u2019 earnings expectations after reporting higher fourth-quarter profits on Thursday, driven by better performances in its United States retail business, wealth management and wholesale banking segments. TD\u2019s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":67332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1205-bc-td-.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-67331","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/67331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=67331"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/67331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/67332"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=67331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=67331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=67331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}