Toronto-Dominion (TD) Q2 Earnings Rise as Fee Income Jumps

Shares of Toronto-Dominion Bank (TD) gained 1% since the release of its second-quarter fiscal 2024 (ended Apr 30) results. Adjusted net income of C$3.79 billion ($2.79 billion) increased 2.2% from the prior-year quarter. Results benefited from higher non-interest income and growth in loans and deposit balance. However, an increase in expenses and provision for credit losses were the undermining factors. After considering non-recurring adjustments, net income of C$2.56 billion ($1.89 billion) declined 22.4% ...