Toronto-Dominion Bank Q1 2024 Adj EPS C$2.00 Beats C$1.89 Estimate, Adj. Total Revenue C$13.77B Beat C$12.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toronto-Dominion Bank (TD) reported Q1 2024 adjusted earnings per share of C$2.00, surpassing the C$1.89 estimate. Adjusted total revenue reached C$13.77B, exceeding the C$12.57B estimate, marking a 52.44% increase from the previous year.
February 29, 2024 | 11:33 am
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POSITIVE IMPACT
Toronto-Dominion Bank reported higher than expected Q1 2024 earnings and revenue, with a significant year-over-year revenue increase.
The positive earnings and revenue beat, along with a substantial year-over-year growth, are likely to instill investor confidence and could lead to a short-term uptick in TD's stock price. The significant outperformance compared to analyst estimates and the previous year's figures highlight the bank's strong financial health and operational efficiency, which are key drivers for stock appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100