Toronto Dominion Bank has seen its profit soar 29% recently.CEO Ed Clark said they really like the firm's business mix.They are 85% retail and 15% wholesale.Their trading revenues were down,but retail earnings were up.While wholesale income fell 45%,the U.S. division's revenue grew 17%.TD is the only bank that grows its loans every quarter,Mr.Clark asserts.
TD Bank is open about 50% more hours than anyone else.They generally like to keep the loans on their books.If they do sell them off,they like to have a servicing agreement so they can still serve their clients.The AAA-rated bank has reoriented its wholesale business to be conservative,not take risks,Ed Clark maintains.
Toronto Dominion Bank(TD)
Showing posts with label bank management. Show all posts
Showing posts with label bank management. Show all posts
Sunday, September 5, 2010
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