TORONTO – TD Bank Group reported a first-quarter profit of $2.79 billion, down from $2.82 billion in the same quarter last year.
The bank says the profit amounted to $1.55 per diluted share for the quarter ended Jan. 31, the same as a year earlier.
Revenue for the quarter totalled $14.05 billion, up from $13.71 billion.
The bank’s provision for credit losses amounted to $1.21 billion, up from $1.00 billion in the same quarter last year.
On an adjusted basis, TD says it earned $2.02 per diluted share in its latest quarter, up from an adjusted profit of $2.00 per diluted share a year earlier.
The average analyst estimate had been for an adjusted profit of $1.96 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Feb. 27, 2025.
Companies in this story: (TSX:TD)
