NEW YORK, Oct. 24 /PRNewswire-FirstCall/ -- TD Waterhouse reports the
following monthly activity for the period ended September 30, 2002:
* Total trades per day averaged 75,800. This is an 8% decrease from
August 2002, and is 28% lower than September 2001. Please note
September 2001 contained five fewer trading days in the month than
September 2002.
* Total customer assets were $118 billion as of September 30, 2002, down
6% from August 2002 and a 2% decrease from September 2001.
* New accounts opened totaled 25,100. This is a 15% decrease from August
2002 and 17% lower than September 2001.
* Margin loans were $2.9 billion at September 30, 2002, a 4% increase
from a month earlier and a decrease of 17% from September 30, 2001.
* In the early part of October 2002, the firm has experienced a
12% 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 in the United States, Canada, the United Kingdom, and
Australia. The firm also has joint ventures in Singapore, Japan, Luxembourg,
Hong Kong and India to serve investors in those countries. TD Waterhouse can
be found on the Internet at http://www.tdwaterhouse.com.
TD Waterhouse operates through subsidiaries of The Toronto-Dominion Bank
as part of its wealth management businesses. 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 centres 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$309.6 billion in assets, as at July 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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