(Reuters) -TD Bank Group reported a rise in its second-quarter profit on Thursday, driven by strong performance of its domestic personal and commercial banking and wealth management units
Better margins at Toronto, Ontario-based bank's domestic unit and a rise in loan volumes helped its performance.
Its Canadian Personal and Commercial Banking unit's net income in the quarter was C$1.74 billion, an increase of 7% compared to the second quarter last year, driven by volume growth.
The Wealth Management and Insurance unit's net income also increased 19% to C$621 million, compared with the same quarter last year.
The bank's adjusted net income rose to C$3.79 billion ($2.77 billion), or C$2.04 per share, in the quarter, from C$3.71 billion ($2.72 billion), or C$1.91 per share, a year earlier.
($1 = 1.3664 Canadian dollars)
(Reporting by Jaiveer Singh Shekhawat in Bengaluru: Editing by Tasim Zahid)
