The big Canadian bank recorded an initial charge of $615 million in the quarter in connection with its talks with one of its U.S. regulators.
TD has said it anticipates additional penalties as its discussions continue with its regulators in the United States and the U.S. Department of Justice. The bank says it earned net income of $2.56 billion or $1.35 per diluted share for the quarter ended April 30, down from $3.31 billion or $1.69 per diluted share in the same quarter last year.On an adjusted basis, TD says it earned $2.04 per diluted share, up from an adjusted profit of $1.91 per diluted share a year earlier.The Canadian Press
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