12:35 PM EDT, 05/23/2025 (MT Newswires) -- TD Bank reported a second-quarter beat, with operating EPS of 1.97 beating BMO/consensus forecasts of $1.85/$1.75.

"The beat to us was primarily driven by U.S. Retail (better expenses), Wealth Management & Insurance (higher AUA and fees), and Wholesale Banking (trading); Canadian P&C (higher PCLs from reserve building) missed," notes analyst Sohrab Movahedi.

TD remains Outperform rated, with a $95 target.

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