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TD Canada Trust bank at Yonge and Eglinton, Toronto. August 27, 2013.
TD Canada Trust bank at Yonge and Eglinton, Toronto. August 27, 2013.
(Gloria Nieto/The Globe and Mail)

TD’s top brass had pay trimmed in 2013

The majority of Toronto-Dominion Bank executives took a small pay cut after a year of uneven financial performance.

Although TD reported record profits from personal and commercial banking as well as from wealth, the bank’s total earnings per share climbed by just 0.4 per cent. Even after stripping out a major insurance charge incurred during the third quarter, TD’s 6.5-per-cent earnings-per-share growth fell short of its 7- to 10-per-cent target range.