TD Bank First Quarter Profit Rises to C$4.22 Billion
Toronto Dominion Bank reported an adjusted net income of C$4.22 billion for the first quarter. Higher interest income boosted results despite trade friction.
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The Toronto-Dominion Bank reported a rise in its first-quarter profit on Thursday, bolstered by higher interest income. The results indicate that major financial institutions in Canada remain resilient despite ongoing trade friction with the United States. For the three months ended January 31, the bank posted an adjusted net income of C$4.22 billion ($3.09 billion), or C$2.44 per share. This compares to C$3.62 billion, or C$2.02 per share, in the same period a year earlier.
