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Toronto-Dominion: Fiscal Q1 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — The Toronto-Dominion Bank (TD) on Thursday reported fiscal first-quarter earnings of $2.91 billion.

The bank, based in Toronto, said it had earnings of $1.69 per share. Earnings, adjusted for non-recurring costs, were $1.76 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The retail and wholesale bank posted revenue of $20.54 billion in the period. Its revenue net of interest expense was $11.96 billion, which also beat Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TD at https://www.zacks.com/ap/TD

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