(Adds CEO comment, divisional performance)
TORONTO, Aug 31 (Reuters) - Toronto-Dominion Bank TD.TO reported third-quarter results which were ahead of expectations, driven by strong performances from its retail businesses in Canada and the United States.
Canada's second-biggest bank said on Thursday earnings per share rose to C$1.46 per share in the quarter to June 30, compared with C$1.24 a year ago. Analysts had on average expected earnings of C$1.36 per share.
Net income rose to C$2.8 billion from C$2.4 billion a year ago, the bank said. Canadian retail net income rose by 14 percent to C$1.7 billion while U.S. retail net income also grew by 14 percent to C$901 million.
"TD's performance this quarter demonstrates the strength of our businesses in Canada and the U.S.," Chief Executive Bharat Masrani said in a statement.
Canada's five biggest banks, which also include Royal Bank of Canada RY.TO , Bank of Nova Scotia BNS.TO , Bank of Montreal BMO.TO and Canadian Imperial Bank of Commerce CM.TO have all reported better-than expected earnings in the latest quarter.