Toronto-Dominion Bank Conference: TD Touts Record Card Sign-Ups, Deposit Gains, NIM Upside Ahead

What: Toronto-Dominion Bank reported a record number of new credit card sign-ups and significant deposit gains during its Q1 conference.
Why: The bank attributed the growth to its expanded digital offerings and targeted marketing campaigns.
Signal: TD's net interest margin (NIM) is expected to increase by **+10 basis points** due to rising interest rates.
Target: The bank aims to reach **$1.5 billion** in cost savings through its digital transformation efforts by the end of 2027.
Risk: TD's exposure to rising inflation and potential economic downturns may impact its future earnings growth.