TD Bank profit dips, but still beats expectations
News Source : Financial Post
News Summary
- Toronto-Dominion Bank is expecting to cut about two per cent of its workforce as part of a new restructuring program
- The goal is to “reduce its cost base and achieve greater efficiency,” the bank, which employs about 100,000 workers, said in a statement on Thursday as it released its second-quarter results
- The move will generate savings of about $100 million pre-tax in fiscal 2025
TorontoDominion Bank posted slightly lower secondquarter profits as it increased its provisions for credit losses amid an uncertain economy impacted by tariffs, but it still beat analysts expectati [+4640 chars]
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