(Reuters)-Toronto On Thursday, Toronto-Dominion Bank surpassed analysts’ expectations for third-quarter earnings, thanks to growth in the lender’s Canadian and US retail banking operations.
In the three months ended July 31, net income excluding one-time items was C$3.81 billion, or C$2.09 per share, compared to C$3.63 billion, or C$1.96 per share, a year earlier. According to Refinitiv statistics, analysts predicted C$2.04 per share.
The second-largest lender in Canada posted an overall net profit of C$3.21 billion, or C$1.75 per share, up from C$3.55 billion, or C$1.92 per share, a year ago.