Market Overview

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

Share:

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

 

Related Articles (TD)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Seanergy Maritime Holdings Corp. Regains Compliance With Nasdaq

Allison Transmission seeks valuation of $4.3 bn at IPO