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TD Bank posts higher fourth-quarter profits of $1.57B

TD Bank CEO Ed Clark attends the Montreal Canadian Club luncheon in Montreal, Thursday, November 25, 2010.
TD Bank CEO Ed Clark attends the Montreal Canadian Club luncheon in Montreal, Thursday, November 25, 2010.

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Date: Thursday Dec. 1, 2011 7:58 AM ET

TORONTO — TD Bank (TSX:TD) boosted its profits in the fourth quarter with the help of stronger results from domestic retail banking operations.

The bank says profits increased to $1.57 billion in the three month period, equal to $1.69 per share.

That compares to $994 million, or $1.07 per share, in the same period a year earlier.

Revenue lifted to $5.67 billion from $5.02 billion.

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