TD Bank’s quarterly profit rises on strength in domestic banking, wealth management

By Thomson Reuters May 23, 2024 | 5:22 AM

(Reuters) – TD Bank Group reported a rise in its second-quarter profit on Thursday driven by strong performance of its domestic personal and commercial banking and wealth management units.

The bank’s adjusted net income rose to C$3.79 billion ($2.77 billion), or C$2.04 per share, in the quarter, from C$3.71 billion ($2.72 billion), or C$1.91 per share, a year earlier.

($1 = 1.3664 Canadian dollars)

(Reporting by Jaiveer Singh Shekhawat in Bengaluru: Editing by Tasim Zahid)