TD caps big bank earnings with 17% rise in profits to almost $2.8B

Toronto-Dominion Bank is reporting a $2.77-billion profit for its third-quarter, up 17 per cent from the same period last year.

The profit amounted to $1.46 per share in net income and $1.51 per share of adjusted earnings.

The Toronto-based bank’s Canadian retail banking sector accounted for $1.73 billion of net income, up 14 per cent from last year.

The U.S. retail banking arm also saw a 14 per cent increase, to $901 million, while TD’s wholesale banking operation saw its net income fall by three per cent to $293 million.

Toronto-Dominion is the last of Canada’s big banks to report its third-quarter earnings for 2017.

All of the Big Six banks have outperformed analyst expectations.

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