When I spoke to my TD BANK rep he said that American holdings are different than Canadian holdings and although the banks have the same name they do not intermingle. So the question is American TD or Canadian TD?
The TD Bank on the list would be the Canadian bank. Having said that, I suspect that the results of the American subsidiary have some impact on the bottom line of the Canadian parent.
Bloomberg also did a list of the World’s Strongest Banks 2012:
http://www.bloomberg.com/news/2012-05-02/canadians-dominate-world-s-10-strongest-banks.html
3. CIBC
4. Toronto-Dominion Bank
5. National Bank of Canada
6. Royal Bank of Canada
18. Bank of Nova Scotia
22. Bank of Montreal
They must use different criteria to assess “strongest” vs. “safest”, but it’s still an impressive result for a small country. Three US banks made the top 20:
13. JPMorgan Chas
17. PNC Financial Services Group Inc.
20. BB&T Corp.
It is true they don’t intermingle much. TD Bank in the US is never called the Toronto Dominion Bank much like Kentucky Fried Chicken is now called just KFC. In Canada the current name is called TD Canada Trust which is after the biggest trust company in Canada was absorbed by TD at that time called just the Toronto Dominion Bank. Trust companies in Canada were the mortgage and housing lenders. The US forays by Canadian banks have had mixed results. TD seems to be in it for the long haul but no one knows the future.