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TD Bank Down 3.6% In US Premarket As Lodges Higher Adjusted, But Lower Diluted Earnings For Q3; Comes After It Provided An Update On Its US AML Woes
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TD Bank Down 3.6% In US Premarket As Lodges Higher Adjusted, But Lower Diluted Earnings For Q3; Comes After It Provided An Update On Its US AML Woes
Aug 23, 2024 6:59 PM

06:13 AM EDT, 08/22/2024 (MT Newswires) -- TD Bank (TD.TO, TD) -- which late Wednesday afternoon provided an update on its U.S. anti-money laundering issues, saying it had taken a provision of US$2.6 billion, which will be partially offset by a sale of Schwab shares -- on Thursday reported third quarter adjusted diluted earnings per share were $2.05, compared with $1.95 a year earlier.

Adjusted net income was $3,646 million, compared with $3,649 million.

But it reported a diluted loss per share of $0.14, compared with income of $1.53 a year earlier. It reported net loss of $181 million, compared with income of $2,881 million.

TD announced that a dividend in an amount of $1.02 per fully paid common share in the capital stock of the Bank has been declared for the quarter ending October 31, 2024 , payable on and after October 31, 2024 , to shareholders of record at the close of business on October 10, 2024.

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