Canada's TD Bank posts profit jump on strong interest income (updated)

Toronto-Dominion Bank

28/05/2026 11:48

Adds details throughout
May 28 (Reuters) - Toronto-Dominion Bank TD.TO reported a rise in second-quarter profit on Thursday, as a resilient Canadian economy helped drive a rise in the bank's interest income.
Canadian banks have largely maintained profitability despite trade tensions with the U.S. and broader geopolitical uncertainty, helped by a resilient economy and strength in fee-based businesses such as wealth management and capital markets.
Three of Canada's big six banks, BMO Financial BMO.TO, Bank of Nova Scotia BNS.TO and National Bank of Canada NA.TO, reported a quarterly profit that surpassed analysts' expectations on Wednesday.
TD's personal and commercial banking unit recorded a 15% jump in net income to C$1.93 billion ($1.39 billion). Its overall net interest income - the difference between what banks make on loans and pay out on deposits - jumped to C$8.86 billion in the quarter, from C$8.13 billion a year earlier.
It reported an adjusted net income of C$4.17 billion, or C$2.38 per share, compared with C$3.63 billion, or C$1.97 per share, a year earlier.
Its shares have risen about 20% so far this year, outperforming the broader TSX index.



($1 = 1.3865 Canadian dollars)

 (Reporting by Utkarsh Shetti in Bengaluru; Editing by Leroy Leo)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))