TD Bank profit rises 14 pct, dividend increased
TORONTO Aug 30 (Reuters) - Toronto-Dominion Bank quarterly profit rose 14 percent, driven by a sharp jump in trading-related revenue, and the bank raised its quarterly dividend.
TD, Canada's second-largest bank, said on Thursday it earned C$1.7 billion ($1.72 billion), or C$1.78 a share, in the fiscal third quarter ended July 31. That compared with a profit of C$1.5 billion, or C$1.58 a share, a year earlier.
The bank raised its quarterly dividend by 7 percent to 77 Canadian cents a share. All five of Canada's big banks have raised their payouts this quarter.
- First Ebola victim in Sierra Leone capital on the run
- Former WWE champ nabs suspected burglar in Arizona
- Apple iPhones allow extraction of deep personal data, researcher finds
- EU edges to economic sanctions on Russia but narrows scope |
- China's Guangdong province removes over 850 'naked officials' from their posts