Yahoo Finance Toronto-Dominion Bank Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Toronto-Dominion Bank (TSE:TD) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$12.7b (up 8.3% from 2Q 2023).
Net income: CA$2.37b (down 24% from 2Q 2023).
Profit margin: 19% (down from 27% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: CA$1.34 (down from CA$1.72 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Toronto-Dominion Bank Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Banks industry in Canada.
Performance of the Canadian Banks industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Toronto-Dominion Bank's balance sheet and an in-depth analysis of the company's financial position.
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