Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceBankingTD beats analysts' earnings expectations, hikes dividendThe bank's net income for the three months ending April 30 was $4.3 billion You can save this article by registering for free here. Or sign-in if you have an account.Toronto Dominion Bank reported earnings on Thursday. Photo by BloombergToronto-Dominion Bank topped analysts’ second-quarter earnings expectations after posting higher profits in each of its business segments.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorCanada’s second-largest bank’s net income for the three months ending April 30 was $4.3 billion, compared to $11.1 billion during the same quarter last year, resulting in net earnings per share of $2.43.Its adjusted net income — which removes the impact of non-recurring items — was $4.2 billion, up 15 per cent year over year, resulting in adjusted earnings per share of $2.38, which topped analysts’ expectations of about $2.26 per share.“This was another strong quarter,” TD’s chief executive Raymond Chun said in a statement on Thursday. “We drove record (second-quarter) earnings in Canadian personal and commercial banking, all-time-high earnings in wealth management and insurance and wholesale banking, and we accelerated momentum in U.S. banking.” Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againTD also increased its dividend by four cents to $1.12, payable on July 31.The Big Six banks‘ earnings tend to provide insights into the Canadian economy, which has been under more strain since the Iran conflict pushed up energy prices and added more economic uncertainty.Analysts say the ongoing uncertainty will compel banks to continue to keep aside a high amount of money for loans that may potentially go bad. That marks a shift from earlier forecasts, which had anticipated a gradual improvement in provisions for credit losses (PCLs) in the second half of 2026.TD’s total PCLs decreased to around $1 billion in the second quarter, compared to $1.03 billion in the previous quarter and $1.34 billion a year ago.Its net income was $1.9 billion in its Canadian personal and commercial banking segment, up 15 per cent compared to the second quarter last year, mainly due to higher revenue and lower PCLs.Its wholesale banking segment’s net income was $612 million, up 38 per cent year over year on an adjusted basis, also due to higher revenues and lower PCL. Its U.S. banking segment’s net income was 813 million, an increase of $771 million compared to last year, reflecting the impact of its balance sheet restructuring activities in the United States. TD’s net income in its wealth management and insurance segment was $837 million, an increase of $130 million, or 18 per cent, from last year. 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