Market Overview

UPDATE: Toronto-Dominion Bank Posts Upbeat Q1 Profit, Raises Dividend


Toronto-Dominion Bank (NYSE: TD) posted a drop in its first-quarter profit.

TD raised its quarterly dividend to 72 Canadian cents per share.

TD posted its quarterly earnings at C$1.48 billion, or C$1.55 per share, versus C$1.56 billion, or C$1.67 per share, in the year-ago period. Its adjusted earnings rose to C$1.76 billion, or C$1.86 per share, versus C$1.62 billion, or C$1.73 per share.

Analysts were expecting earnings of C$1.76 per share.

TD's loan-loss provisions dropped to C$404 million from C$421 million.

TD shares closed at $81.52 yesterday.

Posted-In: EarningsEarnings News Dividends


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