TD Bank expects ‘challenging’ environment in FY24

For fiscal 2024, it will be challenging for the Bank to meet its medium-term adjusted EPS growth target range of 7-10% and return on equity target of 16+% as it navigates a complex macroeconomic environment, expected further normalization in PCLs and critical business investments. “We enter 2024 from a position of strength, with proven resiliency, a powerful brand, and a strong capital position,” said CEO Masrani. “I want to thank our more than 95,000 colleagues across the globe who bring TD‘s purpose to life every day.”