Q: Added to my position near the lows this year. What did you think of their earnings?
Thanks for all that you do.
Thanks for all that you do.
5i Research Answer:
EPS of $1.97 beat estimates of $1.78; revenue of $21.53B increased 66% and beat estimates by a wide margin. Net income nearly quadrupled. A $9B gain was made on TD's Schwab sale. Adjusted revenue rose 9%. Trading and fee income was strong, as was deposit growth. Wealth management rose 17%. Allowance for credit losses was lower than expected. We would consider it a solid quarter.