TD Bank Without U.S. Growth? ‘It's Very Bad’

TD Bank Without U.S. Growth? ‘It's Very Bad’·The Wall Street Journal
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Toronto-Dominion Bank (TD) stock fell amid a criminal guilty plea and regulatory rebuke at its U.S. entity. It bought a stake in Portland, Maine-based Banknorth in 2004, and then rolled up Commerce Bank and several other banks along the East Coast. The unit provided about a third of the bank's total earnings, said Gabriel Dechaine, an analyst with National Bank Financial.

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