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Canada's TD Bank posts 6.7% rise in quarterly profit

Published 2019-05-23, 06:36 a/m
© Reuters.  Canada's TD Bank posts 6.7% rise in quarterly profit
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May 23 (Reuters) - TD Bank Group TD.TO reported a 6.7% rise in adjusted second-quarter profit on Thursday, as Canada's second-biggest lender by market value benefited from strong performance in its retail business.

Net income, excluding special items, rose to C$3.27 billion ($2.43 billion), or C$1.75 per share, in the three months ended April 30, from C$3.06 billion, or C$1.62 per share, a year earlier. [https://reut.rs/2whvJDj ]

Analysts on average expected earnings per share of C$1.67, according to IBES data from Refinitiv. It was not immediately clear if the numbers were comparable. ($1 = 1.3471 Canadian dollars)

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