NEW YORK (TheStreet) -- Toronto Dominion Bank (TD) shares are up by 1.24% to $39.33 in mid-morning trading on Thursday, after the bank reported its 2015 third quarter earnings results.

The bank reported third quarter earnings of $1.82 billion, or 98 cents per share on revenue that increased 6.6% year over year to $6.51 billion.

Analysts on average were expecting the company would report quarterly earnings of 92 cents per share on revenue of $5.75 billion for the latest quarter.

"TD's third quarter performance demonstrates the strength of our diversified business model," CEO Bharat Masrani said in a statement. "Our results were fueled by good organic growth, continued strong credit performance, favourable currency translation, and positive operating leverage."

Additionally, the company declared a third quarter dividend of 51 cents per share, payable October 30 to shareholders of record on October 6.

Separately, TheStreet Ratings team rates TORONTO DOMINION BANK as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate TORONTO DOMINION BANK (TD) a HOLD. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself."

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