Toronto Dominion Bank (TSE:TD) has released an update.
Toronto Dominion Bank Group experienced a mixed first quarter in 2024, with reported earnings surging to $2.8 billion, up 79% from the previous year, while adjusted earnings fell by 12% to $3.6 billion. The bank’s Canadian Personal and Commercial Banking sector showcased solid performance with a 3% rise in net income, credited to volume growth and margin expansion. Meanwhile, the U.S. Retail Bank faced a challenging environment, leading to a 43% drop in net income.
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