Posted AT 8:32 AM EST on 29/11/07
TD profit tops $1-billion
Toronto-Dominion Bank reported fourth quarter profit of $1.094-billion on Thursday, up from $762-million a year ago, and managed to churn out rising earnings in its investment banking division despite the credit crunch.
TD's earnings per share came in at $1.40 for the three months ended Oct. 31, up 17 per cent from the same period a year earlier, and on par with what analysts had been expecting for this quarter.
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