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Author: SmartStocks.ca Staff
Netflix Beats Earnings Expectations in Q3 as Advertising Tier Shows Strong Growth
Netflix (NASDAQ:NFLX) released a strong Q3 2024 report on Thursday, exceeding expectations with $9.8 billion in revenue and $5.40 earnings per share. The company’s ad-supported tier saw a 35% increase in memberships, driving more than half of new sign-ups in available markets. Subscriber growth also impressed, adding 5.1 million new users, bringing the total to… Read more
TD Bank Faces Historic $3 Billion Fine
Toronto-Dominion Bank (TSX:TD) faces a record $3.09 billion USD penalty after pleading guilty to significant U.S. money-laundering charges. U.S. authorities found that systemic breakdowns in TD’s transaction monitoring allowed over $670 million in illicit funds to flow through its branches. In addition to the fine, regulators imposed growth restrictions on TD’s U.S. operations, further complicating… Read more