Toronto-Dominion Bank announced that last quarter earnings were up due to the Canadian retail segment

The Toronto bank posted net income before preferred dividends of $ 328 billion ($ 2 billion) on Thursday) for the first fiscal quarter compared to CAD99 billion in the same period last year. Earnings were CAD77 per share compared to CAD61 a share in the same period last year

Adjusted earnings were 1 CAD83 a share. Analysts polled by FactSet searched for 1 CAD49 a share

For the quarter ended Jan Sales rose to $ 10.81 billion from $ 10.61 billion, analysts expected $ 975 billion

Profit in the Canadian retail segment increased 14% to CAD04 billion for higher loan and deposit volumes, higher asset transaction and fee income, and higher insurance income

Take advantage of its US. The retail segment fell 13% to 1 billion CAD back, which was 776 million USD corresponds to the US The retail bank, which excludes the bank’s stake in Schwab, posted a 16% decline in net income to 791 million CAD, which is 615 million USD equals

Wholesale banking income increased 156 million due to higher trade-related revenues and higher credit, underwriting and advisory fees CAD to 437 million CAD

Shares in Workhorse Group Inc After the disappointment about the defeat against the U, Wednesday fell further, extending the record-breaking slump of the previous SessionS The post-truck deal prompted one of the most optimistic analysts on Wall Street to downgrade the electric vehicle maker

Toronto-Dominion Bank

World News – CA – Toronto-Dominion profits are being borne by the retail bank

Source: https://www.marketwatch.com/story/toronto-dominion-profit-buoyed-by-retail-bank-2021-02-25