By Adriano Marchese

Toronto-Dominion Bank on Thursday reported a fall in profit and revenue in the fourth quarter.

The Canadian multinational banking and financial-services company said earnings per share were 2.04 Canadian dollars, the equivalent of US$1.59, for the three months ended Oct. 31, down from C$2.80 a year earlier.

Reported net income was C$3.78 billion, compared with C$5.14 billion, while return on common equity fell to 15.7% from 23.3%. On an adjusted basis, return on equity rose to 16.1% from 13.3%, the company said.

Adjusted earnings were C$2.09 a share. According to FactSet, analysts were expecting C$1.96 a share.

Total revenue fell to C$10.94 billion from C$11.84 billion, it said.

In the period, recovery of credit losses was C$123 million, compared with a provision of C$917 million, it said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

12-02-21 0715ET