FMP
TD Bank Tops Q2 Estimates, Shares Gain 2%
May 22, 2025 3:38 PM - Davit Kirakosyan
Image credit: FMP
The Toronto-Dominion Bank (NYSE:TD) reported second-quarter results that beat analyst expectations on both earnings and revenue, driven by strength in trading, fee income, and core banking growth. Shares rose more than 2% intra-day today.
The bank posted adjusted EPS of C$1.97, ahead of the C$1.83 consensus. Revenue surged to C$15.1 billion, well above the estimated C$13.61 billion. Despite the beat, adjusted earnings were down 3.4% year-over-year from C$2.04 per share, reflecting higher operating costs and credit provisions.
TD’s performance was supported by robust trading activity and fee generation in its market-facing units. Growth in deposits and loans within Canadian Personal and Commercial Banking also contributed meaningfully. Additionally, the bank recognized gains from the sale of its remaining stake in Charles Schwab.
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