amid the fallout from its cancelled takeover of Tennessee-based First Horizon Corp. and a worsening economic outlook.
“TD’s retail businesses in both Canada and the United States continued to show strong revenue and earnings growth this quarter, with robust customer originations and loan volumes,” TD chief executive officer Bharat Masrani said in a statement. “Investments in differentiated wealth and insurance products and the close of the Cowen acquisition expanded our offerings and strengthened the competitive advantages of these businesses.
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