available to common shareholders
(millions of Canadian dollars)
TD's 5-year CAGR2
TD's 5-year CAGR2
TD's 2016 Return on Common Equity
(billions of Canadian dollars)
$1,177 billion of total assets as at October 31, 2016
10.6% TD's 5 year CAGR2
6.6% Canadian peers5
5 year CAGR2
12.6% Canadian peers5
TD's premium earnings mix reflects our North American retail focus – lower-risk businesses with stable, consistent earnings
1 The Toronto-Dominion Bank (the "Bank" or "TD") prepares its Consolidated Financial Statements in accordance with International Financial Reporting Standards (IFRS), the current Generally Accepted Accounting Principles (GAAP), and refers to results prepared in accordance with IFRS as the "reported" results. The Bank also utilizes non-GAAP financial measures to arrive at "adjusted" results to assess each of its businesses and to measure overall Bank performance. To arrive at adjusted results, the Bank removes "items of note", net of income taxes, from reported results. Refer to the "Financial Results Overview" in the accompanying 2016 Management's Discussion and Analysis (MD&A) for further explanation, a list of the items of note, and a reconciliation of non-GAAP financial measures.
2 "Five-year CAGR" is the compound annual growth rate calculated from 2011 to 2016 on a reported and adjusted basis.
3 TSR is calculated based on share price movements and dividends reinvested over the trailing five year period ending October 31, 2016. Source: Bloomberg.
4 Reference to retail earnings includes the total reported earnings of the Canadian Retail and U.S. Retail segments. Reported basis excluding Corporate segment.
5 Canadian peers include Royal Bank of Canada, Scotiabank, Bank of Montreal and Canadian Imperial Bank of Commerce.