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TD's U.S. Banking Profits Up 30%

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Toronto-Dominion Bank said Thursday that adjusted earnings from its U.S. personal and commercial bank operations rose nearly 30%, to $276M, in its fiscal third quarter ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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