Toronto Dominion Bank (TD) plans to shift its focus to credit cards and business lending in...


Toronto Dominion Bank (TD) plans to shift its focus to credit cards and business lending in order to make up for a slump in profits in its consumer banking division amid slowing demand for loan products. After growing much faster than other banks in Canada, TD says profits will cool down to mid-to-high single- digit growth in FY12.

From other sites
Comments (1)
  • Warderf
    , contributor
    Comments (45) | Send Message
     
    Well competition in personal has been high, especially mortgages. Commercial has grown as quickly, and I think they have below average market share. In the above it left out that they will also focus on Quebec. They have been saying that personal and commercial (P&C) has been expected to grow at mid-to-high single digits, but have been doing better due to increased volume and cost control in the US P&C. Out of the big 6 Canadian banks it is my favourite. I have a vested interest. Seems like on a relative scale it has gone up quickly, makes me a little nervous. I like that the dividend has grown relatively quickly.
    27 Mar 2012, 08:10 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs