Highlights
Record TD Adjusted Earnings of $8.1 billion in 20141,2
TD announced record adjusted earnings for the sixth consecutive year driven by record adjusted earnings of $7.6 billion in our retail businesses and a strong year in the Wholesale segment.
Strong TD Shareholder Returns3
TD shareholders benefited from a 20% Total Shareholder Return (TSR) in fiscal 2014 and a 14% year-over-year increase in dividends paid.
TD Market Capitalization reaches Milestone
TD’s market capitalization exceeded the $100-billion milestone for the first time in fiscal 2014.
TD Canada Trust remains Canadians’ choice for Banking4
TD ranked #1 in market share for Day to Day Banking.
Record Wealth Management client assets5
As of October 31 2014, clients of TD Wealth and TD Ameritrade have entrusted us with over $1.3 trillion in assets.
TD Bank, America’s Most Convenient Bank® reaches Store Network Milestone6
TD Bank, America’s Most Convenient Bank® is a top 10 U.S. bank (by stores), opening 15 new stores in Manhattan this year, and now has 124 locations in New York City.
TD Securities showed strength in its franchise origination business
Notable deals included: Nalcor Energy Muskrat Falls Project – one of the largest bond placements in Canadian history, at $5 billion; PrairieSky Royalty’s $1.7 billion initial public offering (IPO) – largest Canadian IPO in 14 years; and World Bank – lead managed U.S. dollar global transactions for the first time.
TD becomes Canada’s largest Credit Card provider7
With the successful close of the Aeroplan portfolio purchase, this year TD moved to the #1 position in Canada from #6 in 5 years and assumed the mass marketing rights to the prestigious Aeroplan program.
TD continues to be a brand and service leader in Canada8
TD named the Best Brand in Canada by Interbrand. TD Canada Trust (TDCT) named highest in Customer Satisfaction for the ninth year in a row by J.D. Power in the Canadian Retail Banking Study. TDCT also ranks highest in the Canadian J.D. Power Small Business Banking study for the first time and TD ranks 2nd in the J.D. Power Canadian Full Service Investor study.
TD maintained mobile banking leadership position in Canada9
TD ranked #1 for the number of mobile subscribers accessing financial services via their mobile devices.
TD issues Green Bond
In March 2014, TD became the first commercial bank in Canada to issue a green bond. The $500 million three-year bond supports the low carbon economy in three areas: renewable and low carbon energy; energy efficiency and management, with a focus on green buildings; and green infrastructure and sustainable land use.
#TDTHANKSYOU Shows The World That a Bank Can Care
TD turned ATMs into Automated Thanking Machines to show its appreciation and create very special experiences for customers. The most powerful moments were captured on a video that went on to garner worldwide media attention and more than 18 million views.
1 Effective November 1, 2011, The Toronto-Dominion Bank (the “Bank” or “TD”) prepares its Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS), the current Generally Accepted Accounting Principles (GAAP), and refers to results prepared in accordance with IFRS as the ”reported” results. The Bank also utilizes non-GAAP financial measures to arrive at “adjusted” results to assess each of its businesses and to measure overall Bank performance. To arrive at adjusted results, the Bank removes “items of note”, net of income taxes, from reported results. See “How the Bank Reports” in the accompanying 2014 Management’s Discussion and Analysis (MD&A) for further explanation, a list of the items of note, and a reconciliation of non-GAAP financial measures. Based on Canadian Generally Accepted Accounting Principles for 2010 and International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) from 2011 to 2014.
Certain comparative amounts have been restated as a result of the adoption of new and amended standards under IFRS (New IFRS Standards and Amendments) which required retrospective application and to retrospectively reflect the impact of the January 31, 2014, stock dividend, as further discussed in Note 4 and Note 21 of the 2014 Consolidated Financial Statements, respectively, and due to reclassifications to conform with the presentation adopted in the current period. In addition, the Bank’s comparative segment results have been restated to reflect the segment realignment which occurred on November 1, 2013, which is further discussed in Note 31 of the 2014 Consolidated Financial Statements.
2 Reference to retail earnings include the total adjusted earnings of the Canadian Retail and U.S. Retail segments.
3 Total Shareholder Return based on Bloomberg for the one-year period ended October 31, 2014.
4 Based on the Office of the Superintendent of Financial Institutions Canada (OSFI) volumes as at September 30, 2014.
5 Client assets consists of TD Wealth $597 billion and TD Ameritrade $711 billion. TD Ameritrade figures as of their year-end on September 30, 2014.
6 Based on SNL Financial rankings (as at October 31, 2014).
7 Canadian Market share of VISA and Mastercard outstanding balances based on the Nilson report as at April 2014.
8 2014 Interbrand “Best Canadian Brands” ranking (September 2014).
TD Canada Trust received the highest numerical score among the big five retail banks in the proprietary J.D. Power 2006-2014 Canadian Retail Banking Customer Satisfaction StudiesSM. 2014 study based on 17,183 total responses and measures opinions of consumers with their primary banking institution. Proprietary study results are based on experiences and perceptions of consumers surveyed May-June 2014. Your experiences may vary. Visit jdpower.com.
TD Canada Trust received the highest numerical score in the proprietary J.D. Power 2014 Canadian Small Business Banking Satisfaction StudySM. Study based on 1,348 total responses, measuring 5 financial institutions and measures opinions of small business customers. Proprietary study results are based on experiences and perceptions of customers surveyed in May-June 2014. Your experiences may vary. Visit jdpower.com.
9 Comscore reporting current as of September 30, 2014, based on an audience of approximately 24 million Canadian mobile subscribers above the age of 13.