TD Bank reports $3.11B third-quarter profit

TORONTO — TD Bank Group reported a profit of nearly $3.11 billion in its latest quarter, up from $2.77 billion in the same quarter last year, boosted by growth in its U.S. business. The bank said Thursday the profit amounted to $1.65 per diluted share for the three months ended July 31, up from $1.46 a year ago. On an adjusted basis, TD says it earned $1.66 per diluted share, up from an adjusted profit of $1.51 per diluted share a year ago. Analysts on average had expected TD to report a profit of $1.63 per share, according to Thomson Reuters Eikon.