Toronto-Dominion Bank (TSX:TD) News and Share PriceFinancial
The Toronto-Dominion Bank, also known as TD Bank Group, is a financial institution based in Canada.
The bank is reportedly one of the largest banks in North America in terms of assets and market capitalization.
The Schedule I chartered bank provides personal, commercial, wholesale and retail banking and wealth management services.
TD Bank Group operates through three core business segments: Canadian Retail, US Retail, and Wholesale Banking.
Canadian Retail Unit
The company provides a wide range of financial services and insurance products. In addition, the chartered bank also provides telephone, mobile, and internet banking services. The Canadian Retail segment further operates through TD Canada Trust, TD Wealth (Canada), TD Auto Finance (Canada), TD Insurance and TD Direct Investing.
US Retail Unit
This unit focuses on providing retail and commercial banking services to its clients. The bank provides wealth management services to high-net-worth individuals and institutional clients. The segment operates through offices in over 1,100 locations throughout Mid-Atlantic, the Northeast, Metro D.C., Florida and the Carolinas.
Wholesale Banking Unit
This section engages itself in the capital markets, corporate banking products, and investment banking. Through TD Securities, the Toronto-based bank provides investment-related services to small- and medium-sized enterprises and big corporations, government bodies and other institutions in financial markets.
TD Bank Group also provides credit card programs to its clients in Canada and the US through the MBNA Canada division.
The bank also provides various insurance-related services such as life insurance, health insurance, property and casualty insurances, etc.
With the acquisition of Banknorth Inc in 2005, the financial institution entered the retail banking sector in the United States.
Apart from North America, TD Bank Group also provides its services worldwide, including London, Singapore, etc.
Bank of Toronto (1855) and The Dominion Bank (1869) merged to create The Toronto-Dominion Bank on February 1, 1955.
The bank operates through a network of 2,300 retail locations across North America, including approximately 1,000 branches in Canada.
The bank is listed on the Toronto Stock Exchange and New York Stock Exchange and trades under the ticker 'TD'.
In addition, it also forms a part of the S&P/TSX 60 components under the symbol 'TD-T'.
Toronto-Dominion Bank claims to hold a 21 per cent composite market share in Canada, as per its 2021 reports.
P.O. Box 1 Toronto-Dominion Centre Toronto, Ontario M5K 1A2