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Td Bank - With The U.S. Retail Bank, Every 25 Basis Point Cut Is Worth Roughly $90 Million Pretax - Conf Call


Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Toronto-Dominion Bank ::TD BANK - IN CANADA UNIT, MARGINS WILL BUMP AROUND, BUT CANADA UNIT IS GOING TO BE AFFECTED BY WHAT HAPPENS IN THE U.S. - CONF CALL.TD BANK - IF THE FORWARD CURVES DO PLAY OUT, WE WOULD EXPECT TO SEE SOME MARGIN COMPRESSION - CONF CALL.TD BANK - EXPECTS MID-SINGLE-DIGIT MORTGAGE GROWTH FOR THE YEAR - CONF CALL.TD BANK - THE FED RATE CUTS AND THE GENERAL SLOPE OF THE CURVE IS GENERALLY IN NOT FAVORABLE - CONF CALL.TD BANK - WITH THE U.S. RETAIL BANK, EVERY 25 BASIS POINT CUT IS WORTH ROUGHLY $90 MILLION PRETAX - CONF CALL.