THIRD QUARTER FINANCIAL HIGHLIGHTS, compared with the third quarter last year:
- Reported diluted earnings per share were $1.46, compared with $1.24.
- Adjusted diluted earnings per share were $1.51, compared with $1.27.
- Reported net income was $2,769 million, compared with $2,358 million.
- Adjusted net income was $2,865 million, compared with $2,416 million.
YEAR-TO-DATE FINANCIAL HIGHLIGHTS, nine months ended July 31, 2017, compared with the corresponding period last year:
- Reported diluted earnings per share were $4.08, compared with $3.47.
- Adjusted diluted earnings per share were $4.18, compared with $3.64.
- Reported net income was $7,805 million, compared with $6,633 million.
- Adjusted net income was $7,984 million, compared with $6,945 million.
THIRD QUARTER ADJUSTMENTS (ITEMS OF NOTE)
The third quarter reported earnings figures included the following items of note:
- Amortization of intangibles of $74 million ($56 million after tax or 3 cents per share), compared with $79 million ($58 million after tax or 3 cents per share) in the third quarter last year.
- Loss on sale of the Direct Investing business in Europe of $42 million ($40 million after tax or 2 cents per share).
TORONTO, Aug. 31, 2017 /CNW/ - TD Bank Group ("TD" or the "Bank") today announced its financial results for the third quarter ended July 31, 2017. Third quarter reported earnings were $2.8 billion, up 17% compared with the same quarter last year.