11:47 AM EST, 02/28/2025 (MT Newswires) -- TD Bank's first-quarter operating EPS of $2.02 beat BMO/consensus estimates of $1.93/$1.96.

"There were puts and takes relative to us with better Wealth & Insurance (market appreciation; higher premiums) and U.S. Retail (better expense-to-revenue efficiency; ~10% asset reduction in the quarter) offset by lower Canadian P&C (slightly lower volume growth and NIM) and an in-line Wholesale Banking (record trading revenue)," writes analyst Sohrab Movahedi.

TD's total bank PCL ratio of 50bps was essentially in line with BMO's 49bps and included a nominal performing reserve.

TD is rated Outperform, with a $95 target, at BMO.

Price: 86.25, Change: -0.03, Percent Change: -0.03