TD Bank grows fourth-quarter profit by 25 per cent to $2.3 billion

TORONTO – TD Bank (TSX:TD) is reporting fourth-quarter $2.30 billion of net income, up 25 per cent from a year ago when it had $1.84 billion in profits.

The earnings amounted to $1.20 per diluted share, compared with 96 cents per share during the same period last year.

The bank earned $8.75 billion of revenue during the three-month period ended Oct. 31, up from $8.05 billion a year ago.

For the full year, TD Bank had net income of $8.94 billion, or $4.67 per share, compared with $8.02 billion, or $4.21 per share, a year ago.

The bank’s annual revenue was $34.32 billion, up from $31.43 billion last year.

Follow @alexposadzki on Twitter.