TD Bank’s margins squeezed as earnings miss analysts’ estimates

TD BANK GROUP reported a profit of $2.5 billion in the company's third quarter ended July 31. / BLOOMBERG NEWS FILE PHOTO/ BRENT LEWIN
TD BANK GROUP reported a profit of $2.5 billion in the company's third quarter ended July 31. / BLOOMBERG NEWS FILE PHOTO/ BRENT LEWIN
TORONTO – TD Bank Group's margins are starting to shrink. TD Bank - the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits - saw them narrow on both sides of the border in the fiscal third quarter, with a decline of 11…

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