TD Q3 2026 profit rises as bank cites higher revenue and lower credit-loss provisions
Reuters2026/08/27 10:35- Third-quarter net income rose to CAD 4.62 billion, driven by higher revenue, lower credit-loss provisions, lower expenses, partly offset by higher insurance service expenses.
- Adjusted net income increased to CAD 4.67 billion; adjusted diluted EPS climbed to CAD 2.77, reflecting stronger underlying performance across businesses.
- Canadian personal and commercial banking net income rose 7% to CAD 2.1 billion on deposit and loan growth, improved margins, higher expenses.
- U.S. banking net income increased 41% to CAD 1.07 billion, led by higher deposit and loan margins; expenses rose.
- Wholesale banking net income jumped 87% to CAD 743 million on a 25% revenue gain, lower credit losses, higher non-interest expenses.
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