Toronto-Dominion (TD) reported its fourth quarter financial results on Thursday. Although both its revenue and earnings increased, the company still did not meet analysts’ EPS expectations.
Inside TD's Q4 Results
The bank reported earnings of C$1.75 billion, or C$0.91 per share, up from C$1.62 billion, or C$0.84 per share, a year ago. Adjusted earnings were C$1.86 billion, or C$0.98 per share, which fell below analysts’ view of C$1.05 per share.
Revenue rose to C$7.45 billion, from C$7.0 billion in the same quarter last year. Analysts expected to see revenue of C$7.2 billion.
Mutual Funds to Watch
For investors seeking exposure to TD, a mutual fund could be a good alternative to purchasing the stock. Below are three mutual funds that own the highest stakes in the bank.
|VGTSX||Vanguard Total International Stock Index Fund||0.63%|
|MBDVX||BlackRock Equity Dividend||0.24%|
|VWIGX||Vanguard International Growth||0.24%|
The Bottom Line
The funds above allow investors to gain exposure to TD as well as other holdings and industries. Investors interested in TD may also be interested in Royal Bank of Canada (RY) and Bank of Montreal (BMO).