TD Bank Q3 2008 Earnings

RBC Capital Markets, 29 August 2008TD's core cash EPS of $1.43 were close to our estimate of $1.45, representing a 10% YoY drop.� Results were ahead of our expectations in the U.S., and slightly ahead in Canada, offsetting a weak quarter at TD securities.� The quarterly dividend was raised from $0.59 to $0.61, which surprised us positively and is an indication of management's confidence in