TD earnings slip in what bank calls a 'challenging environment'

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

TD Bank Group's profit slipped in the fourth quarter compared with a year ago, missing analyst estimates for adjusted earnings.

The bank says it earned $2.86 billion or $1.54 per share in the quarter ending Oct. 31, three per cent down from $2.96 billion or $1.58 per share a year earlier.

For the full year, TD saw net income grow three per cent despite challenges, said CEO Bharat Masrani. On an adjusted basis for the quarter, TD says had a net income available to shareholders of $2.88 billion, or $1.59 per diluted share, down from $3 billion, or $1.63 per, share last year.Analysts had $1.74 per share of adjusted earnings, on revenue of $9.85 billion, according to financial markets data firm Refinitiv.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

CEO Masrani is an idiot and lazy. In comparison to Jamie Dimon on a scale of 1-10. -5

I'm not surprised by the ways their private bankers handling their customers. I am one of those got pissed and moving businesses somewhere else.

Are we to shed a tear for them now😢😢😢😂😂😂

They still made over $2 billion, that's not a challenging environment.

Climate change. No doubt about it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Posthaste: Why Bank of Canada’s resistance to a rate cut won't tame our resurgent housing marketStuff you need to know
Source: nationalpost - 🏆 10. / 80 Read more »