BMO NB's Note on TD Bank Q1 2006 Earnings

BMO Nesbitt Burns, 23 February 2006For the first quarter, TD Bank reported Cash EPS of $1.15 compared to our estimate of $1.11. Variations were across the businesses with surprisingly strong results from wholesale and excellent wealth management performance, offset by somewhat elevated corporate expenses. Simply put, this result is better than the street�s forecast of $1.09, but much of the