Beat Analyst Estimates in Q4
Fourth-Quarter Reported Net Income Fell
Fourth-quarter reported net income fell 10% year over year to $3.3 billion, or $1.82 per share, while adjusted earnings climbed 22% to $3.9 billion, or $2.18 per share.
Analysts surveyed by LSEG Data & Analytics had expected an adjusted profit of $2.03 per share.
Full-year reported net income more than doubled to $20.54 billion, with adjusted net income rising to $15.03 billion.
“TD had a strong fourth quarter, delivering robust fee and trading income in our markets-driven businesses as well as volume growth year-over-year in Canadian Personal and Commercial Banking, capping a year of strong performance,” Raymond Chun, group president and chief executive officer of TD Bank Group, said.
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