TD Bank profit climbs on wholesale banking, raises dividend

TORONTO Thu Feb 27, 2014 6:43am EST

TORONTO Feb 27 (Reuters) - Toronto-Dominion Bank said on Thursday its first-quarter profit rose 15 percent on the back of stronger wholesale banking income, and the lender boosted its dividend by 9 percent.

The bank, Canada's second-largest, earned C$2.04 billion, or C$1.07 a share, in the fiscal quarter ended Jan. 31.

That compared with a year-before profit of C$1.78 billion, or 93 Canadian cents a share.

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