TD Bank posts strong results, hikes dividend, shares up 1% premarket

|By:, SA News Editor

FQ1 adjusted net income of $2.9B or $1.56 per share vs. $2.6B or $1.33 last year.

Quarterly dividend of $0.67 per share up from $0.60

Adjusted ROE of 16.6% vs.14.5% last year. CET1 ratio of 10.6%.

Canadian retail banking net income for the quarter of $1.75B is up 12% Y/Y.

U.S. retail banking net income for the quarter of $952M is up 19% Y/Y.

TD Ameritrade net income for the quarter of $846M is up 23% Y/Y.

Wholesale banking net income for the quarter of $278M is up 4% Y/Y.

Conference call at 130 ET

Previously: Toronto-Dominion Bank beats by C$0.10, beats on revenue (March 1)

TD up 1% premarket

Subscribe for full text news in your inbox