On Thursday, TD reported adjusted earnings of $2.23 per share, higher than $2.08 a year earlier and beating analysts’ average estimate of $2.20 a share, according to Refinitiv IBES data.
In a research note, Credit Suisse analyst Joo Ho Kim said: “TD’s Q1 results beat on the headline and our PTPP estimate, but there were several areas in the results that underwhelmed our expectation. Net interest margins were good at the segment level, but all bank margins were up a much more modest 2 basis points quarter-over-quarter, and that deceleration in improvement should remain a key focus area for investors today.
Average daily production for the quarter amounted to 134,124 barrels of oil equivalent per day, up from 130,407 in the fourth quarter of 2021.) plummeted with the release of weaker-than-anticipated fourth-quarter 2022 results late Wednesday as used vehicle pricing and margins weighed.
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