Toronto-Dominion, intent on significantly growing its market share in the U.S. banking markets, said Thursday that third-quarter profit surged 29%, fueled by strong retail banking results in Canada and continued expansion in the U.S.
Toronto-Dominion recorded third-quarter profit of CA$1.18 billion (U.S. $1.12 billion), or CA$1.29 (U.S. $1.23) a share, it said in its latest fiscal quarterly earnings release. That compares to Toronto-Dominion's profit of CA$912 million (U.S. $868 million), or CA$1.01 a share (U.S. 96 cents), in the year-earlier quarter. The Canadian bank's fiscal third quarter ended on July 31.
"Our third quarter results really tell the growth story of our retail businesses on both sides of the border," Toronto-Dominion's president and CEO Ed Clark said in the earnings release. "Canadian personal and commercial Banking
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