December 2, 2010 / 12:23 PM / 8 years ago

UPDATE 1-Toronto-Dominion Bank profit slips

* Q4 adj EPS C$1.38 vs est C$1.46

* Revenue rises 6.3 pct

TORONTO, Dec 2 (Reuters) - Toronto-Dominion Bank (TD.TO) said on Thursday its fourth-quarter profit fell 1.6 percent, as stronger retail banking income was offset by a weak wholesale banking results.

TD, Canada’s second-biggest lender, earned C$994 million ($984 million), or C$1.07 a share, in the quarter that ended Oct. 31. That compared with a profit of C$1 billion, or C$1.12 a share, in the year-ago quarter.

Excluding items, the bank earned C$1.38 a share, it said, down from an adjusted profit of C$1.46 a year earlier.

Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of C$1.46 a share.

Revenue rose 6.3 percent to C$5 billion,

Provisions for credit losses fell to C$404 million from C$521 million a year earlier.

Return on equity fell to 9.7 percent from 11 percent a year ago, while the bank’s Tier 1 capital ratio, a measure of its financial stability, was 12.2 percent. ($1=$1.01 Canadian) (Reporting by Cameron French, editing by Maureen Bavdek)

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