×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: TD Bank | profit | insurance | weather

TD Bank Profit Falls 10 Percent on Insurance Losses

Thursday, 29 August 2013 07:03 AM

Toronto-Dominion Bank's quarterly profit fell 10 percent, as Canada's No. 2 lender took C$418 million in insurance-related charges partly related to severe weather in Canada during the summer.

The bank, the final large Canadian bank to report results for the period, raised its quarterly dividend by 5 percent to 85 Canadian cents a share, it said on Thursday.

TD earned C$1.53 billion, or C$1.58 a share, in the third quarter ended July 31, compared with C$1.70 billion, or C$1.78 a share, a year earlier.

© 2022 Thomson/Reuters. All rights reserved.


Companies
Toronto-Dominion Bank's quarterly profit fell 10 percent, as Canada's No. 2 lender took C$418 million in insurance-related charges partly related to severe weather in Canada during the summer.
TD Bank,profit,insurance,weather
84
2013-03-29
Thursday, 29 August 2013 07:03 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved