Toronto Dominion Bank reported a rise in its first-quarter profit, driven by higher interest income.
The Canadian lender's adjusted net income reached C$4.22 billion (approximately $3.09 billion), or C$2.44 per share, for the three months ending January 31. This represents an increase from C$3.62 billion, or C$2.02 per share, in the same period last year.
The bank's performance indicates resilience among Canadian lenders amidst ongoing trade friction with the United States. The article also provides a conversion rate of 1.3677 Canadian dollars to the US dollar.
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