Toronto-Dominion: Fiscal Q2 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal second-quarter earnings of $7.83 billion.
The bank, based in Toronto, said it had earnings of $4.41 per share. Earnings, adjusted for one-time gains and costs, were $1.39 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The retail and wholesale bank posted revenue of $25.61 billion in the period. Its revenue net of interest expense was $16.14 billion, also exceeding Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TD at https://www.zacks.com/ap/TD