Toronto-Dominion Bank

Financial

Toronto-Dominion Bank (TSX: TD) – also referred to as TD Bank Group with its subsidiaries – is among top ten banks in North America, and it is the 5th largest by assets and 6th largest in terms of market capitalization. The company has a diversified profile covering retail and wholesale banking services. Both in Canada and the US, the bank provides personal banking, commercial banking, automobile finance, and credit card services. In Canada, the bank also has life insurance and health insurance divisions, besides covering property and casualty insurance services in retail sector. The bank also operates in wealth and asset management sector in Canada and the US. The company caters to small enterprises as well as big corporates. The offices of Toronto-Dominion Bank are located in multiple global locations outside of North America including Singapore and London. According to the financial statement released by the company for Q1 2021, it held deposits of C$ 428 billion in the Canadian and C$ 473 billion in the US retail market. The loan book of the bank in Canada has C$ 454 billion and in the US has C$221 billion. The group claims to have employee strength of over 40,000 in Canada and over 26,000 in the US. The bank operates from 2,310 retail locations in North America. The number of branches is 1,087 and 1,223 in Canada and the US, respectively. It holds a composite market share of nearly 21 percent in Canada as per the reporting by company in Q1 2021. Toronto-Dominion Bank’s financial statements also state that the bank holds 1st or 2nd ranking in Canada with respect to most retail banking products.

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