Toronto-Dominion Bank's Profit Miss

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TD Bank fails to meet expectations as U.S. sanctions sting

Summary

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80% Informative

Toronto-Dominion Bank on Thursday reported a fourth-quarter profit, but couldn't meet analyst expectations in its first financial release since being sanctioned in the United States for failing to monitor money laundering activities.

This is the bank’s first quarterly report after the bank was fined about US$3.1 billion and ordered to cap the expansion of its retail banking business.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful