TORONTO (AP) — TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal second-quarter net income of $1.89 billion.
The Toronto-based bank said it had earnings of 99 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The retail and wholesale bank posted revenue of $21.63 billion in the period. Its revenue net of interest expense was $10.18 billion, also exceeding Street forecasts.
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