TD - The Toronto-Dominion Bank (TD) Q2 2024 Earnings Call Transcript
2024-05-23 12:04:06 ET
The Toronto-Dominion Bank (TD)
Q2 2024 Earnings Call Transcript
May 23, 2024, 08:00 AM ET
Company Participants
Brooke Hales - Head of IR
Bharat Masrani - CEO
Kelvin Tran - CFO
Ajai Bambawale - CRO
Leo Salom - President and CEO, TD Bank
Riaz Ahmed - Group Head, Wholesale Banking
Tim Wiggan - Group Head, Wealth Management and Insurance
Raymond Chun - Group Head, Canadian Personal Banking
Barbara Hooper - Group Head, Canadian Business Banking
Conference Call Participants
Doug Young - Desjardins Capital Markets
Meny Grauman - Scotiabank
Matthew Lee - Canaccord Genuity
Ebrahim Poonawala - Bank of America Merrill Lynch
Gabriel Dechaine - National Bank Financial
Paul Holden - CIBC
Sohrab Movahedi - BMO Capital Markets
Lemar Persaud - Cormark Securities
Nigel D'Souza - Veritas Investment Research
Presentation
Operator
Good morning, everyone. Welcome to the TD Bank Group Q2 2024 Earnings Conference Call. I would now like to turn the meeting over to Ms. Brooke Hales, Head of Investor Relations. Please go ahead, Ms. Hales.
Brooke Hales
Thank you, operator. Good morning and welcome to TD Bank Group's second quarter 2024 investor presentation. Many of us are joining today's meeting from lands across North America. North America is known as Turtle Island by many indigenous communities. I am currently situated in Toronto. As such, I would like to begin today's meeting by acknowledging that I am on the traditional territory of many nations, including the Mississaugas of the Credit, the Anishinaabe, the Chippewa, the Haudenosaunee and the Wyandot people, and is now home to many diverse First Nations, Metis and Inuit People. We also acknowledge that Toronto is covered by Treaty 13 signed with the Mississaugas of the Credit and the Williams Treaties signed with multiple Mississaugas and Chippewa bans.
We will begin today's presentation with remarks from Bharat Masrani, the Bank's CEO, after which Kelvin Tran, the Bank's CFO, will present our second quarter operating results. Ajai Bambawale, Chief Risk Officer, will then offer comments on credit quality, after which we will invite questions from prequalified analysts and investors on the phone. Also present today to answer your questions are Raymond Chun, Group Head, Canadian Personal Banking; Barbara Hooper, Group Head, Canadian Business Banking; Tim Wiggan, Group Head, Wealth Management and Insurance; Leo Salom, President and CEO, TD Bank, America's Most Convenient Bank; and Riaz Ahmed, Group Head, Wholesale Banking. We will be ending promptly at 9:00 a.m. Accordingly, please limit yourself to one or two questions and then re-queue.
Please turn to Slide 2. As noted on Slide 2, our comments during this call may contain forward-looking statements, which involve assumptions and have inherent risks and uncertainties. Actual results could differ materially. I would also remind listeners that the bank uses non-GAAP financial measures to arrive at adjusted results. The bank believes that adjusted results provide readers with a better understanding of how management views the bank's performance. Bharat and Kelvin will both be referring to adjusted results in their remarks. Additional information about non-GAAP measures and material factors and assumptions is available in our Q2 '24 Report to Shareholders.
With that, let me turn the presentation over to Bharat.
Bharat Masrani
Thank you Brooke, and thank you everyone for joining us today. Q2 was a strong quarter for TD with earnings of $3.8 billion, an EPS of $2.04, reflecting the strength of our diversified business model....
The Toronto-Dominion Bank (TD) Q2 2024 Earnings Call Transcript