TD Bank Group Q4 Profit Surges; Results Top Estimates
(RTTNews) - TD Bank Group (TD, TD.TO) on Thursday reported fourth-quarter net income available to common shareholders of C$6.56 billion or C$3.62 per share, up sharply from C$3.72 billion or C$2.04 per share in the year-ago quarter.
Adjusted earnings for the quarter were C$2.18 per share, compared to C$2.09 per share in the prior-year quarter.
Revenue for the quarter increased to C$15.56 billion from C$11.60 billion in the same quarter last year. Adjusted revenues were C$12.25 billion, compared to C$10.94 billion last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of C$2.06 per share on revenues of C$11.75 billion for the quarter. Analysts' estimates typically exclude special items.
Separately, TD Bank announced that a dividend in an amount of C$0.96 per fully paid common share in the capital stock of the Bank has been declared for the quarter ending January 31, 2023, payable on and after January 31, 2023, to shareholders of record at the close of business on January 6, 2023.
In lieu of receiving their dividends in cash, holders of the Bank's common shares may choose to have their dividends reinvested in additional common shares of the Bank in accordance with the Dividend Reinvestment Plan.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
TD Bank Expects Gain Of C$141 Mln In Q1 From Charles Schwab's Q4 Earnings
TD Bank Reaches $1.205 Bln Settlement Related To Litigation Involving The Stanford Financial Group
TD Bank, Target Extend U.S. Credit Card Partnership Through 2030
Swiss Market Ends Modestly Lower
European Stocks Close Lower After Cautious Session
Canadian Market Recovers After Early Setback
U.S. Construction Spending Unexpectedly Rises 0.2% In August
