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TD Bank Reports 23% Surge In FQ3 Net Profit, Lifts Dividend

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Toronto-Dominion Bank (NYSE: TD) reported a 23% rise in its fiscal third-quarter net profit.

TD Bank's quarterly net profit climbed to C$1.45 billion, or C$1.58 per share, from C$1.18 billion, or C$1.29 per share, in the year-ago period. Its total revenue surged 13% to C$5.35 billion. Its adjusted earnings per share came in at C$1.72. However, analysts were expecting earnings of C$1.62 per share on revenue of C$5.26 billion.

TD Bank also raised its dividend payout by 2 cents to C$0.68 per share.

TD Bank shares gained 2.27% to close at $78.85 yesterday.

Posted-In: EarningsEarnings News Dividends

 

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