Description: TD Bank is putting smiles on the faces of many of its employees with the news that 90,000 or so of them will be receiving a $500 bonus. This reward is to thank the employees for their extra efforts during the pandemic. TD’s CEO said “I am incredibly proud of your efforts to support our customers, communities and each other under the most trying circumstances.”
Date: October 30, 2020
1) How do you think you would feel if you received this bonus?
2) If you are planning a career as an accountant, does the banking industry interest you?
3) On page 2-32 of Wiley’s Financial Accounting: Tools for Business Decision-Making, you can read question 20, comparing the price-earnings ratios of TD Bank and CIBC. Answer the question regarding the company that investors seem to favour. Look up current data for these two banks on the web to see if the situation is still the same.