US EditionTD Bank Group Reports Second Quarter 2025 Results
- In the quarter ending April 30, 2025, TD Bank Group posted a profit of $11.1 billion in Toronto, driven by gains from selling its remaining shares in The Charles Schwab Corp.
- The profit rise was driven by TD’s sale of its final shares in The Charles Schwab Corp, which resulted in an $8.6-billion after-tax gain.
- Revenue rose to $22.9 billion from $13.8 billion a year earlier, while provisions for credit losses increased to $1.3 billion amid economic uncertainty.
- On an adjusted basis, TD earned $1.97 per diluted share, down from $2.04 the prior year but exceeding analyst expectations of $1.76 per share.
- CEO Raymond Chun stated TD has strengthened the bank through digital investments and simplification, positioning it for the second half despite a fluid macroeconomic environment.
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TD Bank reports $11.1B Q2 profit boosted by sale of remaining stake in Charles Schwab
TORONTO - TD Bank Group reported a second-quarter profit of $11.1 billion, boosted by the sale of its remaining stake in The Charles Schwab Corp.
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