Toronto Domin Stock Price, News & Analysis

TD Wealth's recent survey reveals that 89% of estate planning professionals reported female clients facing negative job impacts due to the COVID-19 pandemic. This has prompted 87% to adjust estate plans, focusing on elements like guardian designations and powers of attorney. Concerns have shifted in estate planning, with 22% identifying rising healthcare costs as a top threat. The survey also highlights tax reform under the new administration as critical, with 25% of planners emphasizing capital gains tax planning. Conducted in April 2021, the study included 142 professionals.

TD Bank has appointed Alissa Van Volkom as the new Head of U.S. Consumer Deposits, Products and Payments. In this role, she will manage deposit products and focus on product development, sales strategies, and customer engagement. Van Volkom brings experience from her previous position as Senior Vice President, Head of Customer, Product and Digital Marketing. She emphasizes a customer-centric approach to drive growth and efficiency in a competitive landscape. TD Bank is known for its broad range of banking services, serving over 9.5 million customers across the U.S.

TD Bank has announced an agreement to acquire Headlands Tech Global Markets, a Chicago-based quantitative fixed income trading company, to enhance its automated trading capabilities. The acquisition aims to strengthen TD's electronic bond trading infrastructure and expand its U.S. operations in municipal and corporate bond markets. Headlands Tech, founded in 2013, specializes in automated electronic market-making, boasting a team of 15 professionals. The deal is expected to close in mid-2021, pending regulatory approvals, and is anticipated to have a minimal impact on TD's capital.

TD Bank has launched the Double Up credit card, allowing customers to earn a total of 2% cash back: 1% on purchases and an additional 1% when rewards are redeemed into an eligible TD deposit account. With no annual fee and no limits on rewards, customers can receive a $75 statement credit after spending $500 in the first 90 days. This initiative responds to changing consumer spending habits during COVID-19, as 49% of respondents prioritize cash back rewards. The bank aims to enhance customer engagement and capitalize on new spending trends.

TD Bank Group released its 2020 Environmental, Social and Governance (ESG) Report and the 2020 TD Ready Commitment Report, detailing efforts to accelerate positive societal impacts amid COVID-19. Key highlights include a commitment to net-zero greenhouse gas emissions by 2050, over $130 million CAD invested in non-profits during 2020, and ongoing initiatives to enhance diversity within its workforce. Additionally, TD was recognized on the Dow Jones Sustainability World Index for the seventh consecutive year, establishing its commitment to sustainable practices and corporate responsibility as foundational to its business strategy.

TD Bank Group has announced a strategic partnership with RMI's Center for Climate-Aligned Finance aimed at accelerating the transition to a low-carbon economy. This collaboration aligns with TD's Climate Action Plan, which targets net-zero greenhouse gas emissions by 2050. The Center, launched in July 2020, focuses on helping financial institutions apply climate-aligned practices. Through this partnership, TD aims to enhance its sustainability efforts and support high-emitting industries in their decarbonization journey.

TD Bank has announced the creation of a new Commercial Bank by merging its Commercial and Corporate & Specialty Banking teams. This strategic move aims to enhance growth, improve client and colleague experience, and create efficiencies. President and CEO Greg Braca emphasized the need to leverage combined strengths for long-term growth. Chris Giamo will lead the new bank, which encompasses various lending sectors and aims to deliver competitive service lines to more than 9 million customers.