November 29, 2018 / 11:37 AM / 13 days ago

Toronto-Dominion Bank posts 20 percent rise in quarterly earnings

TORONTO, Nov 29 (Reuters) - Toronto-Dominion Bank on Thursday reported a 20 percent rise in fourth-quarter earnings, marginally ahead of analysts’ expectations, helped by strong growth at its U.S. retail business.

TD said earnings per share, excluding one-off items, rose to C$1.63 in the quarter ended Oct. 31, compared with C$1.36 a year ago. Analysts had, on average, forecast earnings of C$1.62, according to IBES data from Refinitiv. (Reporting by Matt Scuffham; Editing by Kirsten Donovan)

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