Toronto Dominion Bank’s Revenue Breakdown ( 2016-2023)

This statistic highlights Toronto Dominion Bank’s Revenue Breakdown by Segment, split across Canadian Retail, Corporate, Retail, U.S. Retail, and Wholesale, and reported on a quarterly basis, starting from 2016 onwards.

Toronto Dominion Bank’s Revenue Breakdown by Segment

The Bank of Toronto and the Dominion Bank merged to become TD Bank, which was founded in 1955. Five segments make up the bank’s revenue, some of which are described below:

• Canadian Retail: This sector comprises income from both personal and business banking services provided within the country. It covers things like insurance, asset management, and retail banking. Generally, A sizeable share of TD Bank’s activities and annual revenue are routinely contributed by Canadian Retail. Revenue from various sources, including interest on loans, fees for banking services, and investment-related activities, are included in this segment.
• Corporate: Revenue from corporate and investment banking operations, such as services offered to corporate clients, institutional investors, and governments, is often referred to as the segment’s source of income. This section often comprises revenue from capital markets operations like trading, debt, and equity financing, advisory services for mergers and acquisitions, and underwriting services. Revenue from treasury and balance sheet management operations may also be included.
• Retail: Personal banking services for individuals, such as checking and savings accounts, credit cards, mortgages, personal loans, and investment products, are offered by the Toronto-Dominion Bank’s (TD Bank) retail division. Additionally, it provides small businesses with specialized banking options, such as business accounts, loans, lines of credit, and cash management services. To make its retail banking services easily accessible, TD Bank has invested in digital banking capabilities and runs a sizable branch network.
• U.S. Retail: TD Bank’s U.S. Retail sector has a substantial presence in the country. This section includes income from wealth management, commercial banking, and retail banking activities in the United States. Millions of consumers are served by the network of branches that TD Bank runs across various states. Interest income, fees, and commissions associated with various banking and financial services offered to retail and business clients in the United States can all contribute to the segment’s revenue. This is the leading contributor to Toronto Dominion Bank’s Revenue Breakdown by Segment.
• Wholesale: The term “wholesale” often refers to income derived from activities related to wholesale banking, which largely caters to corporate and institutional clients. Services including loans to large enterprises, participation in the stock markets, treasury services, and specialized financial solutions are included in this area. Interest income, fees, and trading activities connected to the offered wholesale banking services are possible sources of revenue in this area.

The given below table shows us the revenue distribution by Segment of TD Bank:

(All figures are in CAD, except percentages)

You can see that the bank’s retail and us retail segments account for the majority of its revenue generation as they both represented 44% of the revenue mix in the first quarter of 2023. You can also see that the bank made 16% more revenue from wholesale in Q1 2023 than it did in Q4 2022, but revenue from the corporate segment decreased 110% between Q1 2023 and Q4 2022.

About TD Bank

Toronto-Dominion Bank has its main office is in Toronto, Canada. The Canadian Retail Banking, American Retail Banking, Wholesale Banking, and Wealth Management segments are just a few of the many business divisions that make up TD Bank. Although it primarily targets the Canadian and American markets, TD Bank also has a presence in a few other countries. Its operations are primarily focused in North America, though. TD Bank is praised for its excellent financial standing, client satisfaction, and community involvement. Its extensive network of branches and ATMs serves millions of consumers in Canada and the US.

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