The Toronto-Dominion Bank on Thursday said its profit increased about five per cent for the third quarter, but that uncertainty continues to loom over the economy, leaving the lender facing challenging conditions as it tries to hit its earnings growth target.
Masrani said it was a “good result” given the current economic environment and the investment-banking unit’s tough start to the year. “However, our diversified, retail-focused model has demonstrated its resilience in a variety of operating environments,” Masrani said. TD’s results still fell within the bank’s target range for earnings per share, which grew by approximately eight per cent year over year for the third quarter.
He added that TD is “within striking distance” of its target range with the “stronger” growth in the third quarter.
Any negative growth from the expected growth is due to moody satan. He's off torturing and controlling Toronto politicians, I don't know why this rapist hasn't been fired yet
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