TD Bank profit rises to $2.7B in fourth quarter - News Summed Up

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TD Bank profit rises to $2.7B in fourth quarter


The bank said Thursday the profit amounted to $1.42 per diluted share for the quarter ended Oct. 31, up from $1.20 per diluted share in the same quarter last year. On an adjusted basis, TD says it earned $1.36 per diluted share, compared with $1.22 per diluted share a year ago. That's a slight miss, as analysts had expected an adjusted profit of $1.39 per diluted share, according to those surveyed by Thomson Reuters. For its full financial year, TD says it earned $10.52 billion or $5.50 per diluted share on $36.15 billion in revenue. That compared with a profit of $8.94 billion or $4.67 per diluted share on $34.32 billion in revenue a year earlier.


Source: CBC News November 30, 2017 13:41 UTC



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