TD Bank reported its second-quarter 2025 adjusted earnings per share (EPS) of C$1.97, surpassing analyst estimates of C$1.78, with revenue reaching C$22.94 billion. Despite beating profit expectations, the bank's net profit declined due to higher provisions for bad loans amid economic uncertainty. The results were bolstered by an $8.6 billion gain from the sale of Schwab correspondent loans, strong trading income, and growth in Canadian loans and deposits. The bank announced a restructuring program under new CEO Ray Chun, aiming to save up to $650 million annually. As part of this plan, TD Bank will reduce its global workforce by approximately 2%, equating to around 2,000 employees, with some layoffs already underway. The restructuring intends to cut costs and accelerate investments in digital and artificial intelligence (AI) capabilities. This move follows a historic anti-money laundering settlement that has influenced the bank's strategic adjustments.