Toronto-Dominion: Fiscal 1Q Earnings Snapshot
TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal first-quarter profit of $2.55 billion.
The bank, based in Toronto, said it had earnings of $1.38 per share. Earnings, adjusted for non-recurring costs, were $1.42 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The retail and wholesale bank posted revenue of $9.63 billion in the period. Its revenue net of interest expense was $8.4 billion, also topping Street forecasts.
Toronto-Dominion shares have climbed 12% since the beginning of the year. The stock has increased 12% in the last 12 months.