Tuesday, January 10, 2006
TD Banknorth Says Earnings to Miss Forecast
Financial Post, Wojtek Dabrowski, 11 January 2006TD Banknorth Inc. said yesterday its first-quarter earnings will be below analyst forecasts and announced plans to restructure its balance sheet ahead of the closing of the purchase of Hudson United Bancorp.Banknorth, the U.S. banking subsidiary of Toronto-Dominion Bank, said its fourth-quarter diluted earnings will be US62 cents per share, US2
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