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Man stranded on rock in stormy ocean

Fitch says negative outlooks “may persist well into 2021”

scales of justice

A former TD Bank compliance officer's unusual legal action has been rejected again

Business and financial district in a city with pillars

Earnings face continued challenges in 2021, according to Fitch

photo of hands holding pen under document and pressing calculator buttons

The bank’s balance sheet is heavily weighted toward short-term interest rates

close up, business man or lawyer accountant working on accounts using a calculator and writing on documents

Earnings significantly exceeded analyst expectations

Business and financial district in a city with pillars

Profits likely to remain under pressure in 2021, but capital and liquidity are strong

golden steps leading up, made of stacks of dollar coins in increasing height

U.S. bank's year-over-year profit jumped 42%

The bank reported earnings of almost $3 billion for the quarter

Toronto skyline in financial district

Little room for upside, lots of potential for downside in banks' ratings

Business and financial district in a city with pillars

Executive pay raises also remain on hold for now