The Toronto-Dominion Bank (TD:CA) Presents at Barclays 24th Annual Global Financial Services Conference Transcript

SA Transcripts 162.21K Followers Follow The Toronto-Dominion Bank ( TD:CA ) Barclays 24th Annual Global Financial Services Conference September 15, 2026 3:30 PM EDT Company Participants Leo Salom - Group Head of U.S. Banking Conference Call Participants Brian Morton - Barclays Bank PLC, Research Division Presentation Brian Morton Barclays Bank PLC, Research Division With us, we have TD Bank. And presenting from TD Bank is Leo Salom, Head of U.S. Banking. Welcome, Leo. Leo Salom Group Head of U.S. Banking Brian, good to be here with you. Question-and-Answer Session Brian Morton Barclays Bank PLC, Research Division Great. Thanks for coming. All right. Let's start. So on the recent earnings call, you announced you're going to focus on opening 100 new branches by end of calendar 2028, subject to regulatory approval. Maybe you can provide a few more details on the growth strategy? Leo Salom Group Head of U.S. Banking So very excited to be able to make that announcement. We -- this is really a return to sort of a proven track record that we've had previously. We did open up about 250 stores over the last decade. Obviously, given the last 2 or 3 years with the remediation, we took a pause. This is returning to that expansion strategy. I think maybe a couple of things that I would cite. We have a pretty substantial existing footprint across the U.S. today, 1,100 stores. This is really a focus to densify, strengthen our footprint in those particular markets and really with 2 critical objectives. One, in the major markets in New England, the New York area and New Jersey sort of Philadelphia, where we already have a top 3 deposit position, we really want to ensure that we're properly positioned for the emerging demographic trends that are taking place. So it's -- think of that as a true repositioning