TD Canada Trust has announced its Q2 earnings totaled $2.1 billion, an increase of 14% from this time last year.
Canadian retail was responsible for $1.3 billion, up by 12% from 2013. This was driven by loan and deposit growth, as well as the TD Aeroplan portfolio.
U.S. retail generated US$495 million, an increase of 15% from Q2 2013.
TD’s wholesale banking net income decreased by 6% from this time last year to $207 million.