Toronto-Dominion’s U.S. lender outshines domestic bank gains

TORONTO-DOMINION BANK net income for the quarter ended Oct. 31 rose 9.1 percent to $2.24 billion. The lender reported a 44 percent jump in earnings from ITS U.S. retail segment in the fiscal fourth quarter. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS
TORONTO-DOMINION BANK's net income for the quarter ended Oct. 31 rose 9.1 percent to $2.24 billion. The lender reported a 44 percent jump in earnings from its U.S. retail segment to $840 million in the fiscal fourth quarter. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER DILTS
NEW YORK - Toronto-Dominion Bank’s United States consumer-banking business is outshining its Canadian operations. Canada’s largest lender by assets had a 44 percent jump in earnings from the U.S. retail segment in the fiscal fourth quarter, helped by improving net interest margins, record contributions from its stake in the TD Ameritrade brokerage and the federal tax…

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