Canada's TD Bank profit falls on hit from higher bad loan provisions-February 2024-www.financetom.com

Canada's TD Bank profit falls on hit from higher bad loan provisions

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Canada's TD Bank profit falls on hit from higher bad loan provisions

May 26, 2025 12:17 PM

May 22 (Reuters) - TD Bank reported a fall in

second-quarter profit on Thursday, as the Canadian lender

stockpiled money to cover for potential bad loans in an

uncertain economic environment.

The country's second-biggest bank posted adjusted net income

of C$3.63 billion ($2.62 billion), or C$1.97 per share, in the

three months ended April 30, compared with C$3.79 billion, or

C$2.04 per share, a year earlier.

($1 = 1.3878 Canadian dollars)

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