- TD reported Q3 adjusted net income of $4.7 billion, up 21% year over year, and adjusted diluted EPS of $2.77, up 26%, with earnings growth across Canadian banking, US banking, wealth and wholesale operations.
- US Banking net income rose 41% year over year to $1.074 billion, while Wholesale Banking net income increased 87% to $743 million.
- Management set aside roughly $500 million of reserves for trade and policy risk and expects roughly $550 million of US AML remediation costs in FY26.
- TD has already captured $900 million of targeted FY26 structural cost cuts and reported $200 million of value from AI tools deployed to more than 20,000 client-facing colleagues.
Quotes
“the consent order is still in place”