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TD Bank Q1 earnings surpass expectations, with strong wholesale banking performance
Gelonghui February 26 | TD Bank Group announced that its first fiscal quarter revenue was CAD 16.63 billion, up 11% year-over-year, well above analysts’ consensus estimate of CAD 14.45 billion; adjusted net profit was CAD 4.2 billion, up 16% year-over-year; adjusted earnings per share were CAD 2.44, exceeding analysts’ forecast of CAD 2.25. During the period, wholesale banking performed strongly, with the segment’s net profit soaring 88% year-over-year to CAD 561 million, and revenue increasing 24% year-over-year to CAD 2.47 billion.