TD Bank Group reports Q2 profit down from year ago, loan-loss provisions up

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Jun 17, 2007
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TORONTO — TD Bank Group reported a second-quarter profit of $3.35 billion, down from $3.81 billion in the same quarter last year as it set aside more money for bad loans. The bank says the profit amounted to $1.72 per diluted share for the quarter ended April 30, down from a profit of $2.07 per diluted share a year earlier. Revenue totalled $12.37 billion, up from $11.26 billion in its second quarter last year. TD says its provisions for credit losses amounted to $599 million, up from $27 millio
 
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