How Does Toronto Dominion Bank Make Money

how does toronto dominion bank make money

One of the successful banks in Canada is the TD bank. While it is easy to understand banking solutions, one wonder; how does Toronto Dominion bank make money, really?

While there has been cases of banking or financial institutions declaring losses, the banking sector continues to thrive.

It is one of the most lucrative industries in Canada and the United States. To prove this, there are several banks making money in the two markets.

Toronto Dominion (TD) bank is one of the proven banks operating in the two markets.

It has a diversified business mix, with Canadian operation being it’s largest division or market.

The bank has several segments that produce positive financial results.

If you are interested in understanding how the bank makes money, then today is your lucky day.

This is because, in this article, you will learn and understand how TD bank makes money.

You will have a better understanding of the bank’s business model, the system that allows it to generate money and income for the shareholder.

Without much further do, let us dive into how Toronto Dominion bank makes money today.

How Does TD Bank Make Money?

Toronto Dominion bank makes its money from the following segments;

  1. Personal Banking
  2. Business Banking
  3. Wealth Management
  4. Insurance

The largest amount of money or income come from personal banking segment.

It is part of bank’s Canadian retail banking segment and it is actually the largest source of revenues for TD bank today.


Toronto Dominion Bank is a Canadian chartered bank. It offers a wide range of business and consumer banking services.

It makes money from personal banking, business banking, wealth management and insurance segments.

Most of its money and revenues comes from the personal banking segment.

Over the last couple of years, the money from other business lines from Canadian retail banking segment has seen increased growth.