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TD Bank's Q1 net income slightly fell to $2.79B, impacted by a sharp drop in U.S. business profit.
Toronto-Dominion Bank (TD) saw its first-quarter net income fall 1% to $2.79 billion, despite beating analysts' expectations.
The bank's total revenue rose 2% to $14.05 billion, driven by strong performance in wealth management and capital markets.
However, TD's U.S. business profit dropped 61% due to restructuring and anti-money laundering compliance issues, impacting the overall results.
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El ingreso neto Q1 del Banco TD cayó ligeramente a $2.79B, impactado por una fuerte caída en el beneficio comercial de EE.UU.