Toronto-Dominion posts 4Q profit

TORONTO (AP) _ The Toronto-Dominion Bank (TD) on Thursday reported fiscal fourth-quarter profit of $2.14 billion.

The Toronto-based bank said it had earnings of $1.14 per share. Earnings, adjusted for non-recurring gains, were $1.09 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The retail and wholesale bank posted revenue of $9.46 billion in the period. Its adjusted revenue was $7.42 billion.

For the year, the company reported profit of $7.95 billion, or $4.21 per share. Revenue was reported as $27.65 billion.

Toronto-Dominion shares have increased 18 percent since the beginning of the year. The stock has climbed 22 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TD at https://www.zacks.com/ap/TD