Toronto-Dominion Bank reports results for the quarter ended July 31 - Earnings Summary
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Toronto-Dominion Bank (TD.TO) reported adjusted earnings of C$2.20 per share for the quarter ended July 31, surpassing last year's C$2.05 and analysts' expectations of C$2.06. Revenue increased by 7.9% to C$15.30 billion, exceeding the forecast of C$13.73 billion. The bank's net income was C$3.25 billion, with shares rising 3.7% this quarter and 43.0% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $77.66, slightly above the last closing price of $76.14.
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