TORONTO — TD Bank Group announced it was significantly expanding a share buyback program as it reported its third-quarter profit fell compared with a year ago. The bank said Thursday its net income totalled $2.96 billion or $1.
TORONTO — TD Bank Group announced it was significantly expanding a share buyback program as it reported its third-quarter profit fell compared with a year ago.
Investors got a partial answer Thursday as the bank announced a plan to buy back 90 million shares, or about 4.9 per cent of outstanding shares, after it just completed a 30-million share buyback program. The buyback program comes as the bank's adjusted earnings amounted to $1.99 per diluted share in its latest quarter, down from an adjusted profit of $2.09 per diluted share in the same quarter last year.
The higher-than-expected provisions came largely from the bank's extensive U.S. operations, where earnings also disappointed.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A Toronto TikToker asked the Jonas Brothers about their favourite Toronto spotsWhen Toronto-based TikToker Rebecca Tandon scored an invite to the Jonas Brothers' concert, she had no idea she was in for a whirlwind experience t...
Lire la suite »
Toronto transit riders group to hold memorial, rally on Wednesday for Scarborough RT lineWear black, and bring candles, flowers, art, or mementos is the directive being given to those who attend a Wednesday evening “memorial” for the Scarborough RT line.
Lire la suite »
Toronto-Dominion Bank's quarterly profit falls as loan-loss provisions rise(Reuters) - Toronto-Dominion Bank on Thursday reported a drop in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover ...
Lire la suite »
TD Bank Group reports $2.96B Q3 profit, down from $3.21B year agoTORONTO — TD Bank Group reported its third-quarter profit fell compared with a year ago as its provisions for credit losses rose. The bank says its net income totalled $2.96 billion or $1.
Lire la suite »
New bike lanes are coming to Bloor Street. Here's what's changingThe City of Toronto has broken ground on new bike lanes in Toronto’s Annex neighbourhood.
Lire la suite »
RBC warns of more job cuts after beating profit estimates; TD missesCanada's largest bank RBC and TD Bank kicked off big bank earnings Thursday - both setting aside more money for loans that could go sour.
Lire la suite »