NEW YORK, Jan. 16 /PRNewswire-FirstCall/ -- TD Waterhouse reports the
following monthly activity for the period ended December 31, 2002:
-- Total trades per day averaged 90,200. This is a 10% decrease from
November 2002, and is 23% lower than December 2001.
-- Total customer assets were $125 billion as of December 31, 2002, down
2% from November 2002 and a 9% decrease from December 2001.
-- New accounts opened totaled 28,700. This is a 1% decrease from
November 2002 and is 23% lower than December 2001.
-- Margin loans were $3 billion at December 31, 2002, unchanged from a
month earlier and a decrease of 21% from December 31, 2001.
-- In the early part of January 2003, the firm experienced a 4% increase
in trades per day activity from the previous month's average.
TD Waterhouse provides investors and financial advisors with a broad range
of brokerage, mutual fund, banking and other consumer financial products on an
integrated basis. Worldwide, TD Waterhouse currently services 3.3 million
active customer accounts. TD Waterhouse was ranked #1 among brokerage firms
serving the do-it-yourself investor by SmartMoney magazine in their 2002
survey. SmartMoney is The Wall Street Journal's Magazine of Personal
Business. TD Waterhouse placed first in the Investment Products category and
has won top ranking in SmartMoney's survey of brokerage firms for
self-directed investors in four of the last six years.
TD Waterhouse operates as a subsidiary of The Toronto-Dominion Bank
through its wealth management business. The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Financial Group. In Canada and
around the world, TD Bank Financial Group serves more than 13 million
customers in three key businesses: personal and commercial banking including
TD Canada Trust; wealth management including the global operations of TD
Waterhouse; and a leading wholesale bank, TD Securities, operating in over
20 locations in key financial centers around the globe. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. TD Bank Financial Group had
CDN$278 billion in assets, as of October 31, 2002. The Toronto-Dominion Bank
trades on the Toronto and New York Stock Exchanges under the symbol "TD".
SOURCE TD Waterhouse
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Related links:
http://www.tdwaterhouse.com
CONTACT:
Media - Melissa Gitter, First Vice President,
Corporate Communications, +1-212-806-3522, or Analyst - Kevin
Sterns, Executive Vice President & CFO, +1-212-908-7301, both of
TD Waterhouse
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