UPDATE: TD Bank Reports 13% Increase In FQ2 Profit

Toronto-Dominion Bank TD reported a 13% rise in its fiscal second-quarter profit on Thursday. TD's quarterly profit rose to C$1.33 billion, or C$1.46 per share, from C$1.18 billion, or C$1.30 per share, in the year-earlier period. Its total revenue surged 7.4% to C$5.12 billion. TD's adjusted earnings came in at C$1.59 per share. However, analysts were expecting earnings of C$1.61 per share on revenue of C$5.19 billion. TD shares gained 1.12% to close at $86.78 yesterday. Read more from Benzinga's Company news.