TORONTO (AP) — TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal first-quarter profit of $1.93 billion.
The Toronto-based bank said it had earnings of $1.07 per share. Earnings, adjusted for non-recurring costs, were $1.39 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The retail and wholesale bank posted revenue of $20.06 billion in the period. Its revenue net of interest expense was $9.7 billion, which fell short of Street forecasts.
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