Toronto-Dominion ‘Very Open’ to Major Bank Deal in the U.S.

Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said he’s still interested in a major acquisition to add to the firm’s U.S. retail operations, and that he’s unfazed by the recent valuation surge for the regional lenders that would be his most likely targets.

“With respect to major mergers and acquisitions in the United States, we’re very open,” Masrani said in an interview Wednesday, on the eve of the bank’s annual meeting. “If we can find some opportunity that fits all our criteria, we will look at it very seriously, and our capital gives us that flexibility.”