Post by
Dibah420 on Jul 09, 2024 10:25am
TD CET1
As of the second quarter of 2023, the U.S. branch of Toronto-Dominion (TD) Bank reported a Common Equity Tier 1 (CET1) capital ratio of 17.06 percent1. This places TD Bank at the top among the largest banks operating in the United States, surpassing even JPMorgan Chase, which had a CET1 ratio of 14.99 percent. In Canada, TD Bank’s CET1 ratio was 14.4 percent, making it one of the strongest among the five largest Canadian banks2. Keep in mind that CET1 ratios are essential for ensuring stability in the global banking sector, requiring banks to set aside enough capital to cover unexpected losses and remain solvent during crises. TD Bank’s robust CET1 ratio reflects its strong financial position.
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