TD Bank Group's Profit Lifted by U.S. Retail Operations
29 Agosto 2019 - 7:11AM
Noticias Dow Jones
By Kimberly Chin
Toronto-Dominion Bank Group's quarterly profit rose more than 4%
from a year earlier, driven largely by higher loan and deposit
volumes in its U.S. retail operations.
Profit at the bank's U.S. retail segment rose 13% to C$1.29
billion ($968.7 million) from a year ago.
Meanwhile, its Canadian retail segment reported a 2% increase in
profit in its latest quarter, compared with a year earlier.
Overall, the Canadian bank reported a net income of C$3.25
billion, or C$1.74 a share, up from C$3.11 billion, or C$1.65 a
share, a year earlier. Analysts polled by FactSet were expecting
C$1.77 a share.
Earnings on an adjusted basis were C$1.79 a share, below
analysts' estimates by one cent.
Net interest income was $6.02 billion, up from $5.66 billion in
the comparable quarter a year ago. Noninterest income was $4.48
billion, a 5.4% increase from last year.
Total revenue at the bank rose 6.1% to C$10.5 billion. Analysts
were looking for $10.05 billion.
Noninterest expenses increased 4.7%.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
August 29, 2019 07:56 ET (11:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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