Home Breadcrumb caret Industry News Breadcrumb caret Industry TD reports $5.14B in profit for Q4 The bank’s earnings beat expectations By The Canadian Press | December 3, 2020 | Last updated on December 3, 2020 1 min read TD Bank Group beat expectations as it reported its fourth-quarter profit rose compared with a year ago, boosted by the sale of TD Ameritrade. The bank says it earned $5.14 billion or $2.80 per diluted share for the quarter ended Oct. 31, up from $2.86 billion or $1.54 per diluted share a year ago. Revenue totalled $11.84 billion, up from $10.34 billion in the same period a year earlier. Provisions for credit losses were $917 million, up from $891 million a year ago but down from nearly $2.19 billion in the third quarter. On an adjusted basis, TD says it earned $1.60 per diluted share in its latest quarter, up from an adjusted profit of $1.59 per diluted share in the same quarter last year. Analysts on average had expected TD to earn an adjusted profit of $1.28 per share in the quarter, according to financial data firm Refinitiv. The Canadian Press The Canadian Press is a national news agency headquartered in Toronto and founded in 1917. Save Stroke 1 Print Group 8 Share LI logo