TD Bank posts 17% burst in second-quarter profit, violence expectations

TD Bank posted a some-more than 17 per cent boost in net income in a second entertain compared with a year earlier, floating past marketplace expectations.

The Toronto-based lender reported net income attributable to common shareholders of $2.85 billion or $1.54 per diluted share for a entertain finished Apr 30, adult from $2.43 billion or $1.31 per diluted share in a same duration a year earlier.

On an practiced basis, TD Bank pronounced it warranted $1.62 per diluted share for a period, compared with $1.34 a year earlier.

Analysts had approaching a distinction attributable to shareholders of $1.50 per share, according to Thomson Reuters Eikon.

The bank’s Canadian sell division’s net income totalled $1.83 billion, adult 17 per cent compared with final year, while a U.S. sell arm’s net income rose 16 per cent to $979 million.

TD Bank arch executive Bharat Masrani pronounced a lender delivered clever gain opposite a divisions.

Article source: http://www.cbc.ca/news/business/toronto-dominion-bank-earnings-1.4676047?cmp=rss