Toronto-Dominion: Fiscal 4Q Earnings Snapshot

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Jun 17, 2007
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TORONTO (AP) _ The Toronto-Dominion Bank (TD) on Thursday reported fiscal fourth-quarter net income of $3.89 billion.The Toronto-based bank said it had earnings of $2.12 per share. Earnings, adjusted for non-recurring gains, came to $1.21 per share.The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.The retail and wholesale bank posted revenue of $10.02 billion in the period. Its revenue net of interest expense was $8.96 billion, which also topped Street forecasts.For the year, the company reported profit of $8.85 billion, or $4.78 per share. Revenue was reported as $32.46 billion.Toronto-Dominion shares have dropped slightly more than 2% since the beginning of the year. The stock has decreased 4.5% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TD at https://www.zacks.com/ap/TDThe Associated Press
 
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