TD Bank Group (TD.TO,TD) posted higher third-quarter reported net income of C$1.70 billion, compared with C$1.49 billion last year, and adjusted net income improved to C$1.82 billion, from C$1.64 billion a year ago.
Per share earnings for the recent quarter were C$1.78, an increase from C$1.58 in 2011. On an adjusted basis, per share earnings climbed to $1.91, from $1.75 in the comparable quarter last year. On average, 15 analysts polled by Thomson Reuters expected earnings per share of C$1.84 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly total revenue increased to C$5.84 billion, from C$5.38 billion in the prior-year quarter. Analysts estimated revenues of C$5.79 billion for the quarter.
The company said its quarterly results reflect strong retail and solid wholesale earnings. Ed Clark, Group President and Chief Executive said, "We're pleased to announce a dividend increase of 5 cents per common share and an increase in our payout range to 40-50% of adjusted earnings. This marks our second dividend increase this year and means that our fiscal 2012 dividend will increase by 11%, a big positive for our investors."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.