TD Bank Financial Group
Two years ago, Canada’s TD Bank Financial Group made a big commitment to shareholders. After very disappointing results in 2002, the bank said it would aggressively reposition TD Bank Financial Group to be a producer of consistent, sustainable earnings growth. “This past year we clearly demonstrated that we keep our commitments,” says CEO Ed Clark. “Shareholders with the patience to stay with us over the past 24 months have seen diluted earnings per share before amortisation of intangibles grow from $0.73 to $4.11, or a loss per share of $0.25 to diluted earnings per share of $3.39 on a reported basis, dividends rise 21.4% and total shareholder return jump 30%. We’ve accomplished this phenomenal growth while also having the lowest risk profile among the big five Canadian banks.”
The bank attributes its enduring success to the dedication of its employees and its continued focus on keeping commitments to shareholders, customers, employees and communities. “We recognise that we are only as good as our last commitment and my pledge as president and CEO of this bank is to build on our heritage of success and to make TDBFG truly the better bank for today and the next generation,” says Mr Clark.
