Toronto-Dominion Bank stock TD CA:TD is down 1.5% in premarket trading on Thursday after the Canadian bank with a sizeable U.S. presence said it does not expect to meet its medium-term adjusted earnings per share growth target of 7% to 10%. The bank blamed the mutual termination of its deal to buy First Horizon Corp. FHN as announced on May 4, as well as “deterioration in the macroeconomic environment.” TD’s second-quarter profit fell to C$3.35 billion, or C$1.72 a share, from C$3.
S. presence said it does not expect to meet its medium-term adjusted earnings per share growth target of 7% to 10%. The bank blamed the mutual termination of its deal to buy First Horizon Corp. FHN as announced on May 4, as well as “deterioration in the macroeconomic environment.” TD’s second-quarter profit fell to C$3.35 billion, or C$1.72 a share, from C$3.81 billion, or C$2.07 a share, in the year-ago quarter. Adjusted profit of C$1.94 a share missed the analyst estimate of C$2.08 a share.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: Reuters - 🏆 2. / 97 और पढो »