TD Bank Financial Group Comments On Expected Impact of TD Ameritrade Holding Corp.'s Fourth Quarter Earnings



    TORONTO, Oct. 23 /CNW/ - TD Bank Financial Group announced today that it
expects TD Ameritrade's fourth quarter earnings to translate into a
contribution of CDN$75 million to fourth quarter net income for its Wealth
Management segment.
    TD Bank Financial Group will release its fourth quarter financial results
and webcast its quarterly earnings conference call live on the internet on
Thursday November 29, 2007. Conference call and webcast details will be
announced closer to the date.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. The Bank serves more than 14 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust as well as the Bank's global insurance operations (excluding
the U.S.); Wealth Management, including TD Waterhouse Canada, TD Waterhouse
U.K. and the Bank's investment in TD Ameritrade; U.S. Personal and Commercial
Banking through TD Banknorth; and Wholesale Banking, including TD Securities.
The Bank also ranks among the world's leading on-line financial services
firms, with more than 4.5 million on-line customers. The Bank had $404 billion
in assets as at July 31, 2007. The Bank is headquartered in Toronto, Canada.
The Bank's common stock is listed on the Toronto Stock Exchange and the New
York Stock Exchange under symbol: TD, as well as on the Tokyo Stock Exchange.





For further information:

For further information: Neil Parmenter, Corporate Communications, (416)
982-4285; Tim Thompson, Investor Relations, (416) 982-6346


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