May 24, 2018 / 10:44 AM / in a month

Canada's TD Bank second-quarter earnings beat expectations

TORONTO (Reuters) - Toronto-Dominion Bank (TD.TO), Canada’s second-biggest lender by market value, on Thursday reported second-quarter earnings which were ahead of market expectations, benefiting from a strong performance at its domestic retail business.

FILE PHOTO: A Toronto-Dominion Bank (TD) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie

The bank said earnings per share, excluding one-off items, totaled C$1.62 in the quarter to March 31, compared with C$1.34 a year ago. Analysts had on average forecast earnings per share of C$1.50, according to Thomson Reuters I/B/E/S data.

Reporting by Matt Scuffham; Editing by Edmund Blair

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