Toronto-Dominion Shares Tank 6.7% as AML Charges Hurt Q4 Earnings
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Toronto-Dominion Bank's shares fell by 6.7% due to higher provisions and expenses impacting Q4 earnings. Concerns over an asset cap on its U.S. business and disappointing fiscal 2025 guidance also contributed to the decline.
December 06, 2024 | 2:45 pm
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Toronto-Dominion Bank's shares fell by 6.7% due to higher provisions and expenses impacting Q4 earnings. Concerns over an asset cap on its U.S. business and disappointing fiscal 2025 guidance also contributed to the decline.
The 6.7% drop in TD's share price is directly linked to the negative impact of higher provisions and expenses on its Q4 earnings. Additionally, concerns about an asset cap on its U.S. business and disappointing fiscal 2025 guidance further exacerbate investor concerns, leading to a negative short-term outlook.
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