UPDATE: TD Bank Posts 1.6% Rise In Q4 Profit, Lifts Dividend
Toronto-Dominion Bank (NYSE: TD) reported a 1.6% rise in its fourth-quarter profit and lifted its dividend by 1.2%.
TD's quarterly earnings surged to C$1.62 billion ($1.52 billion), or C$1.68 per share, versus a year-ago profit of C$1.60 billion, or C$1.66 per share.
Excluding one-time items, it earned C$1.90 per share, versus analysts' estimates of C$1.99 per share.
TD shares closed at $89.64 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.