Mid Day Daily

Sunday, February 28, 2021
Log in
  • Home
  • National & International
  • Business & Financials
  • Technology
  • Health
  • Science
  • About Us
    • Our Staff
    • Contact Us
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Sloths Were Declared the Slowest Animals on Earth
    • Facebook’s Messenger Will Give You the 411 on Non-Friends
    • Fun Facts About the Coconut Crab
    • The Coyote Hunting in Wisconsin might be Banned
    • Autism Was Genetically Introduced In Monkeys
    • Tully Monster Has Many More Mysteries Left To Offer
    • Mom Claims Daughter Was Forced To Get Naked To Pass Exam In School
    • What Happens When Two Planets Collide?
    • FDA Approves the BrainPort Vision Device That Gives Hope To The Blind
    • Two Cretaceous Plankton-Eating Fish Species Were Discovered
    • Columbia University Researchers Store Computer Information on DNA Strand

Pages

  • About Midday Daily
  • Contact Us
  • Our Staff
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Indiana Jones 5 Won’t Open in 2020 After All June 29, 2018
  • ‘Oumuamua is Actually a Comet, Not an Asteroid (Study) June 28, 2018
  • Best Evidence of Alien Life on Saturn’s Moon Enceladus, Found (Study) June 28, 2018
  • Jeremy Irons to Star in HBO’s Watchmen Reboot June 27, 2018
  • The Fermi Paradox: We Might Be Alone in the Universe (Study) June 26, 2018
  • The Strawberry Moon and Who It Will Affect June 26, 2018
  • Tom Holland Reveals Spider-Man: Homecoming Sequel Title June 25, 2018
You are here: Home / Business & Financials / Toronto-Dominion Reports Weaker-than-Expected Earnings

Toronto-Dominion Reports Weaker-than-Expected Earnings

January 22, 2015 By Sam Doliente

Email, RSS Follow

Toronto-Dominion Reports Weaker-than-Expected EarningsEven if its revenue and earnings increased for the fourth quarter of 2014, Toronto-Dominion Bank reported last Thursday that it was able to record lower-than-expected profits.

The net income of the second largest lender in Canada went up to C$1.75 billion which is equivalent to C$0.91 per share for the quarter that ended on the 31st of October. This is compared to last year’s fourth quarter profit of C$1.62 billion that is equal to C$0.84 per share.

Toronto-Dominion Bank’s earnings were C$0.98 per share which are lower than analysts estimate of C$1.05 per share excluding special items.

Chief Executive Bharat Masrani of Toronto-Dominion said last Thursday in the earnings statement that the bank is seeing a more challenging environment in 2015. He added that the bank will be focusing on organic growth next year.

Meanwhile, Chief Financial Officer Colleen Johnston stated that the challenges that will be faced by the bank for 2015 would include the slow economic growth in the country and continuous low interest rates. She also added that the year 2014  results were mostly earnings from acquisitions with the weaker value of the Canadian dollar which boosted the U.S. earnings plus the lower credit losses.

It can be remembered that the bank’s Canadian retail arm went up from C$1.24 billion of 2014 to C$1.3 billion of this current year which was brought about by the purchase of  a part of Canadian Emperial Bank of Commerce’s Aeroplan Vista credit card portfolio.

Email, RSS Follow

Filed Under: Business & Financials Tagged With: Toronto-Dominion

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 10 other subscribers

Recent Articles

USPS van

Chinese Drug Dealers Shipping Drugs to U.S. via Postal Service

January 28, 2018 By Dean Lamori

Marlboro cigarette packs

Philip Morris Wants to Help You Quit Smoking

January 6, 2018 By Dean Lamori

Drugs and money

Drug Company Sued for Bribing Doctors to Prescribe Potent Opioid

December 24, 2017 By Dean Lamori

Smartphone user sitting on sidewalk

Calif. Health Dept: Excess Smartphone Use Can Cause Brain Cancer

December 17, 2017 By Dean Lamori

jared kushner

Kushner Plans to Revamp 666 Fifth Avenue Skyscraper, Partner Isn’t Supportive

November 2, 2017 By Tom Hager

elon musk

Elon Musk Shares Progress He Made with Boring Company on Twitter

October 30, 2017 By John Cooper

starbucks mugs

Starbucks Takes Halloween Seriously with New Zombie Frappuccino

October 28, 2017 By Kurt Cottrell

ecigarette

New York to Treat eCigarettes Same Way as Regular Cigarettes in Public Indoor Areas

October 26, 2017 By Tom Hager

amazon box

Amazon Warehouse Delivered Couple’s Requested Storage Containers with 65 Pounds of Weed

October 25, 2017 By Kurt Cottrell

ibm offices

IBM’s Q3 Report Encourages Greater Sales Expectations for the First Time in Years

October 19, 2017 By Kurt Cottrell

dubai police supercars

Dubai Police to Patrol the City from Above Thanks to Multirotor Hoverbikes

October 16, 2017 By John Cooper

marketing stunt for rick and morty

Woman Received Volkswagen Car for One Legendary Szechuan Sauce Pack from McDonald’s

October 14, 2017 By Amanda Lane

honeywell center

Honeywell to Turn Two Units into Publicly Traded Companies by 2019

October 12, 2017 By Tom Hager

self-driving car

New AI Project Will Help Autonomous Cars See What’s Around Corners

October 11, 2017 By Sam Doliente

Related Articles

  • USPS van

    Chinese Drug Dealers Shipping Drugs to U.S. via Postal Service

    Jan 28, 2018
  • Marlboro cigarette packs

    Philip Morris Wants to Help You Quit Smoking

    Jan 6, 2018
  • Drugs and money

    Drug Company Sued for Bribing Doctors to Prescribe Potent Opioid

    Dec 24, 2017
  • Smartphone user sitting on sidewalk

    Calif. Health Dept: Excess Smartphone Use Can Cause Brain Cancer

    Dec 17, 2017
  • jared kushner

    Kushner Plans to Revamp 666 Fifth Avenue Skyscraper, Partner Isn’t Supportive

    Nov 2, 2017
  • elon musk

    Elon Musk Shares Progress He Made with Boring Company on Twitter

    Oct 30, 2017
  • starbucks mugs

    Starbucks Takes Halloween Seriously with New Zombie Frappuccino

    Oct 28, 2017
  • ecigarette

    New York to Treat eCigarettes Same Way as Regular Cigarettes in Public Indoor Areas

    Oct 26, 2017
  • amazon box

    Amazon Warehouse Delivered Couple’s Requested Storage Containers with 65 Pounds of Weed

    Oct 25, 2017
  • ibm offices

    IBM’s Q3 Report Encourages Greater Sales Expectations for the First Time in Years

    Oct 19, 2017

Categories

  • Business & Financials
  • Entertainment
  • Health
  • National & International
  • Nature
  • Science
  • Technology
  • U.S.
  • World

Copyright © 2021 MidDayDaily.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.