Toronto-Dominion Bank Group reported a 15% increase in its fiscal Q1 earnings, surpassing analyst expectations. This growth occurred even as the bank navigates a $3 billion settlement related to a U.S. investigation into its anti-money-laundering (AML) controls. Amidst this, the bank also accelerated its CEO transition. The earnings highlight the bank’s resilience and operational strength, showcasing its ability to perform financially despite significant regulatory and operational challenges.
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