TD Bank Group Reports Higher Earnings
29 Novembre 2018 - 01:29PM
Dow Jones News
By Allison Prang
Toronto-Dominion Bank Group reported a profit that was higher
than the comparable quarter a year ago as total revenue climbed and
profit grew by a double-digit percentage in its U.S. retail
business.
The Canadian firm reported net income of $2.96 billion Canadian
dollars ($2.22 billion) for its fourth quarter, up 9.1%. It
reported earnings of C$1.58 a share up from C$1.42 a share.
Analysts polled by Refinitiv were expecting earnings of C$1.56 a
share.
TD reported adjusted earnings of C$1.63 a share up from C$1.36 a
share. Analysts polled by Refintiv were expecting C$1.62 a share.
Profit rose 44% in TD's U.S. retail business.
Revenue at TD rose 9.2% to C$10.12 billion. Analysts polled by
Refinitiv were expecting adjusted revenue of C$9.46 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
November 29, 2018 07:14 ET (12:14 GMT)
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