26 Feb WRAPUP 1-TD Bank profit misses estimates, while National Bank, rivals shine
TD Bank Group on Thursday posted
quarterly profit that fell short of estimates, a sharp contrast
to National Bank of Canada and other rivals, which have
pulled off earnings beats.
TD Bank took a hit from its U.S retail business, which fell
8% to C$1.15 billion in the first quarter, as Brokerage TD
Ameritrade, in which the bank holds a stake, earned 35% less on
reduced trading commissions.
quarterly profit that fell short of estimates, a sharp contrast
to National Bank of Canada and other rivals, which have
pulled off earnings beats.
TD Bank took a hit from its U.S retail business, which fell
8% to C$1.15 billion in the first quarter, as Brokerage TD
Ameritrade, in which the bank holds a stake, earned 35% less on
reduced trading commissions.
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