Canada’s TD Bank’s fourth-quarter profit falls on higher provisions ...Middle East

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Canada’s TD Bank’s fourth-quarter profit falls on higher provisions
A sign for TD Canada Trust in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Nov 30 (Reuters) – TD Bank Group (TD.TO) reported a fall in its fourth-quarter profit on Thursday, as Canada’s second-largest lender set aside more rainy-day funds to cover for potential sour loans. The bank’s adjusted net income fell to C$3.51 billion ($2.58 billion), or C$1.83 per share, for the three months ended Oct. 31, from C$4.07 billion, or C$2.18 per share, a year earlier. ($1 = 1.3618 Canadian dollars) Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar and Pooja Desai Our Standards: The Thomson Reuters Trust Principl

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