TD Bank Q1 earnings exceed expectations, with strong performance in wholesale banking

Gelonghui, February 26th | TD Bank Group announced that its first-quarter revenue reached 16.63 billion CAD, an 11% year-on-year increase, far exceeding analysts' consensus estimate of 14.45 billion CAD. Adjusted net profit was 4.2 billion CAD, up 16% year-on-year; adjusted earnings per share were 2.44 CAD, surpassing analysts' expectations of 2.25 CAD. During the period, the wholesale banking business performed strongly, with net profit in this segment surging 88% year-on-year to 561 million CAD, and revenue rising 24% year-on-year to 2.47 billion CAD.