06:24 AM EDT, 08/28/2025 (MT Newswires) -- TD Bank (CM.TO, CM), the last of Canada's six big banks to report quarterly earnings, rose 2.1% in US pre-market trade Thursday after posting improved earnings for the third quarter as it continues to recover from a drug money laundering scandal in the United States, and booked the sale of its investment in The Charles Schwab Corporation earlier this year.

For Q3, TD reported adjusted diluted earnings per share were $2.20, compared with $2.05. FactSet had forecast $2.05. Meanwhile, adjusted net income was $3.871 billion, versus $3.646 billion.

Reported diluted earnings per share were $1.89, compared with a loss of $0.14. Reported net income was $3,336 million, compared with a loss of $181 million.

It had total revenues reported of $15.3 billion compared to $14.176 billion in the year earlier period. Total revenue adjusted was $15.614 billion versus $14.238 billion.

Among highlights, PCL for the quarter was $463 million, an increase of $28 million.

Separately, TD announced that a dividend of $1.05 per fully paid common share imhas been declared for the quarter ending Oct. 31, payable to shareholders of record at the close of business on Oct. 10.

Shares in TD rose 0.9% and hit 52-week highs in Canada yesterday.