WRAPUP 1-TD Bank profit misses estimates, while National Bank, rivals shine
February 27, 2020 at 07:39 AM EST
TD Bank Group on Thursday posted quarterly profit that fell short of estimates, a sharp contrast to National Bank of Canada and other rivals, which have pulled off earnings beats. TD Bank took a hit from its U.S retail business, which fell 8% to C$1.15 billion in the first quarter, as Brokerage TD Ameritrade, in which the bank holds a stake, earned 35% less on reduced trading commissions.
