Investing.com - Toronto Dominion Bank reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$1.59 on revenue of C$10.34B. Analysts polled by Investing.com forecast EPS of C$1.74 on revenue of C$10.14B. That compared to EPS of C$1.63 on revenue of C$10.12B in the same period a year earlier. The company had reported EPS of C$1.79 on revenue of C$10.5B in the previous quarter.
Toronto Dominion Bank shares lost 2.80% to trade at C$73.55 in intra-day trade following the report.
For the year, Toronto Dominion Bank shares are up 6.85%, under-performing the S&P/TSX which is up 18.85% year to date.
Toronto Dominion Bank follows other major Financial sector earnings this month
On Tuesday, November 26, 2019, Bank of Nova Scotia reported fourth quarter EPS of C$1.82 on revenue of C$7.96B, compared to forecasts of EPS of C$1.82 on revenue of C$7.99B.
Bank of Montreal earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of C$2.43 on revenue of C$5.75B. Investing.com analysts expected EPS of C$2.42 on revenue of C$5.97B
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