Continue reading: TD Bank announces robust Q1 results
TD benefited from the acceleration in business momentum this quarter “as mortgage lending increased sharply, credit card transactions increased, and account growth was good across all businesses”.
“TD Insurance continued to gain market share and became the third largest provider of home and car personal insurance in Canada with strong customer engagement in its digital end-to-end functions,” the bank reported.
The group continues to rely on its innovation arm and receives quotes from the Business Intelligence Group for its AI-powered digital experiences. TD said it “continues to lead the number of Interac-E-Transfer and Flash transactions” as of April 2021.
“We have continued to invest in our people, skills and technology to prepare our businesses for growth as economies reopen and consumer and business activity recover,” said Bharat Masrani, group president and CEO of TD Bank Group.