Toronto-Dominion Bank Posts Upbeat Earnings, Fueled by U.S. Business

Toronto-Dominion Bank reported its fourth-quarter earnings on Thursday, which matched market expectations thanks to strong growth at the lender’s U.S. retail business.

The Canada’s second-biggest banking and financial services corporation announced earnings of $1.22 per share in the fiscal fourth quarter ending October 31st. The result was up from $1.14 in the same period last year and in line with average forecast by analysts.

TD’s net income, excluding one-off items, advanced to $2.35 billion, up from $2.18 billion the year before. As a result, net income stripping out non-recurring components rose to $9.29 billion for the full fiscal year. The lender had only generated $8.75 billion the year before.

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