The Toronto-Dominion Bank

TD: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 49.00	Mhy	Fwlyjqnlw

Earnings Grind Higher for Toronto-Dominion in Fiscal Q4, Several Acquisitions Set to Close in 2023

Eric Compton

Dec 1, 2022

Wide-moat-rated Toronto-Dominion reported decent fiscal fourth-quarter earnings. Adjusted earnings per share were CAD 2.18, representing year-over-year growth of 4% and sequential growth of 4%, and roughly in line with our own estimate of CAD 2.15. Adjusted pretax pre-provisioning earnings were up 2% sequentially.

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