Why Toronto-Dominion Bank Stock Trounced the Market Today
An encouraging quarterly earnings report was the catalyst sending Toronto-Dominion Bank's (NYSE: TD) stock higher on Thursday. It closed the trading session up by more than 3%, while the S&P 500 (SNPINDEX: ^GSPC) index essentially flatlined.Toronto-Dominion's total non-GAAP (generally accepted accounting principles) adjusted revenue for its fiscal second quarter of 2025 was slightly over 15.1 billion Canadian dollars ($10.9 billion), up from the CA$13.8 billion ($9.9 billion) it earned in the same frame of 2024. That was on the back of growth in both net loans and total assets, which rose by nearly 1% and almost 5% year over year, respectively. Image source: Getty Images.Continue reading
An encouraging quarterly earnings report was the catalyst sending Toronto-Dominion Bank's (NYSE: TD) stock higher on Thursday. It closed the trading session up by more than 3%, while the S&P 500 (SNPINDEX: ^GSPC) index essentially flatlined.
Toronto-Dominion's total non-GAAP (generally accepted accounting principles) adjusted revenue for its fiscal second quarter of 2025 was slightly over 15.1 billion Canadian dollars ($10.9 billion), up from the CA$13.8 billion ($9.9 billion) it earned in the same frame of 2024. That was on the back of growth in both net loans and total assets, which rose by nearly 1% and almost 5% year over year, respectively.
Image source: Getty Images.
