TD Bank quarterly profit beats estimates
© Reuters. FILE PHOTO: A logo of Toronto Dominion Bank (TD) is seen at a branch location in Toronto, March 6, 2014. REUTERS/Aaron Harris/File Photo
TORONTO (Reuters) – Toronto-Dominion Bank beat analysts’ estimates for third-quarter profit on Thursday, on the back of growth in the lender’s Canadian and U.S. retail banking units.
Net income excluding one-off items was C$3.81 billion, or C$2.09 per share, in the three months ended July 31, compared with C$3.63 billion, or C$1.96 per share, a year earlier. Analysts had expected C$2.04 a share, according to Refinitiv data.
Canada’s second-largest lender reported overall net profit of C$3.21 billion, or C$1.75 a share, from C$3.55 billion, or C$1.92 per share, a year earlier.
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