(Toronto) TD Bank Group suffered a decline in its net earnings and adjusted earnings in the third quarter of the current fiscal year.
In the quarter ending July 31, TD Bank Group posted net income of $3 billion, down 8% from the same quarter last year. Adjusted earnings fell 2% to $3.7 billion.
Diluted earnings per share were $1.57, compared to $1.75 a year earlier, while adjusted diluted earnings per share were $1.99, compared to $2.09.
Wealth Management and Insurance net income was $504 million, down 12% from the third quarter last year. Meanwhile, U.S. Retail Services profit was $1.314 billion, down 9% year-on-year.
On the sidelines of the presentation of its third quarter results, the institution announced a dividend of $0.96 per common share, which will be payable as of October 31.
