Toronto Dominion Bank (TD) reported a profit for fourth quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at C$3.280 billion, or C$1.82 per share. This compares with C$3.635 billion, or C$1.97 per share, last year.
Excluding items, Toronto Dominion Bank reported adjusted earnings of C$3.905 billion or C$2.18 per share for the period.
Analysts on average had expected the company to earn C$2.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.1% to C$15.494 billion from C$15.514 billion last year.
Toronto Dominion Bank earnings at a glance (GAAP) :
-Earnings: C$3.280 Bln. vs. C$3.635 Bln. last year.-EPS: C$1.82 vs. C$1.97 last year.-Revenue: C$15.494 Bln vs. C$15.514 Bln last year.
Looking ahead, for fiscal 2026, the lender expects adjusted income per share growth to be in the range of 6% to 8%. For fiscal 2025, Toronto Dominion Bank has posted adjusted earnings of C$8.37 per share.
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