TORONTO — TD Bank Group reported a third-quarter profit of $3.34 billion, compared with a loss of $181 million in the same quarter last year.

The bank says the profit amounted to $1.89 per diluted share for the quarter ending July 31, compared with a loss of 14 cents per diluted share a year earlier.

On an adjusted basis, TD says it earned $2.20 per diluted share for its third quarter, up from an adjusted profit of $2.05 per diluted share a year ago.

Analysts on average had expected an adjusted profit of $2.05 per share, according to LSEG Data & Analytics.

Revenue for the quarter totalled $15.3 billion, up from $14.2 billion in the same quarter last year.

The bank's provisions for credit loss totalled $971 million, down from $1.07 billion last year.

This report by The Canadian Pr

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