Toronto-Dominion Profit Climbs 7.9% on Lending; Lifts Payout

  • TD profit misses analysts' estimates by one cent a share
  • CIBC raises dividend as first-quarter profit tops estimates

Toronto-Dominion Bank said fiscal first-quarter profit rose 7.9 percent on gains in its Canadian and U.S. retail businesses. The lender raised its quarterly dividend 7.8 percent to 55 cents a share.

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