Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
TD Bank says third-quarter profit rises to $1.7 billion as revenues increase
TORONTO – TD Bank (TSX:TD) joined the list of Canadian banks raising its dividend in the third quarter, pushing it seven per cent higher on improved earnings.
The bank says its quarterly dividend will be 77 cents, an increase of five cents.
Meanwhile, the bank reported quarterly net income rose to $1.7 billion, or $1.78 per share.
That compares with $1.49 billion a year ago, or $1.58 a share.
After adjustments, the bank’s net income was $1.82 billion or $1.91 per diluted share.
Revenue increased to $5.84 billion from $5.38 billion.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
