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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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