Toronto Dominion Bank (TSE:TD) has released an update.
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TD Bank Group has reported a strong start to 2024 with a 79% increase in reported earnings to $2.8 billion, although adjusted earnings saw a 12% decline to $3.6 billion from last year’s first quarter. The Canadian Personal and Commercial Banking segment showed a robust quarter with income up by 3% due to volume growth and margin expansion. Meanwhile, the U.S. Retail Bank faced challenges, with a 43% decrease in net income attributed to special assessments and a competitive market environment.
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