TD Expects Up to $1.5B in One-Time Costs For Asset Reduction and Investment Portfolio Repositioning; 2025 to Be Transition Year for U.S. Retail Due to Balance Sheet Restructuring to Comply With Asset Cap
Portfolio Pulse from Benzinga Newsdesk
TD Bank Group anticipates incurring up to $1.5 billion in one-time costs related to asset reduction and investment portfolio repositioning. The year 2025 is expected to be a transition period for its U.S. retail operations due to balance sheet restructuring to comply with an asset cap.
October 10, 2024 | 6:52 pm
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TD Bank Group is facing up to $1.5 billion in one-time costs as it reduces assets and repositions its investment portfolio. The U.S. retail sector will undergo a transition in 2025 due to balance sheet restructuring to meet asset cap requirements.
The announcement of significant one-time costs and a transition year indicates potential short-term financial strain and operational adjustments. This could lead to negative sentiment among investors, impacting the stock price negatively in the short term.
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