TD Bank Financial Group's fourth-quarter earnings rose to $762 million on strong growth in its domestic banking business.
TD made $1.04 a share in the quarter, the bank said Friday. In the same quarter last year, it made $589 million, or 82 cents a share.
TD three-month trading
The bank's adjusted earnings, which factor out one-time items, came in at $1.20 per share. According to Thomson Financial, analysts had a consensus profit forecast of $1.19 a share, before one-time items.
The bank said earnings at TD Canada Trust were up 13 per cent year over year to $501 million on strong volumes and growth in real estate lending, and personal and business deposits.
Earnings at TD's wealth management unit, which includes the bank's equity share in TD Ameritrade, were $148 million, up nine per cent from the fourth quarter of 2005.
For the full year, the bank made $4.6 billion, or $6.34 a share. In 2005, TD made $2.23 billion, or $3.20 a share.
TD shares fell 65 cents to finish at $67.35 on the TSX.
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