TD Bank profit rises 22% to $2.5B

TD Bank had $2.5 billion of net income during the second quarter, up 22 per cent from a year ago.

The earnings amounted to $1.31 per share.

That compared with $1.07 per share or $2.05 billion of net income during the same period last year.

The Toronto-based bank had $8.47 billion of revenue during the three-month period ended April 30, up from $8.26 billion a year ago.

More to come