TD Bank forecast a return on equity of about 16% for the next four years, reinstating a growth target it suspended in December. This move follows the bank's recovery from a historic $3 billion fine in the United States for anti-money laundering failings.
The reinstatement of the growth target signals renewed confidence from management in the bank's ability to improve its financial performance. It provides investors with a clear medium-term objective.
This strategic update indicates that the bank is moving past the immediate impact of its regulatory challenges. It is now focusing on future profitability and capital efficiency.
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