Toronto-Dominion’s First-quarter Profit Rises

Toronto-Dominion's First-quarter Profit Rises

(Reuters) – Toronto-Dominion Bank on Thursday posted higher quarterly profit, lifted by strong performance in its Personal and Commercial Banking business in Canada.

The lender’s adjusted net income was C$4.2 billion ($3.09 billion), or C$2.23 per share, in the three months ended Jan. 31, compared with C$3.8 billion, or C$2.08 per share, a year earlier.

($1 = 1.3613 Canadian dollars)

(Reporting by Jaiveer Shekhawat in Bengaluru; editing by Uttaresh Venkateshwaran)