Updating TORONTO-DOMINION BANK, BANK OF NOVA SCOTIA and LOBLAW COMPANIES LTD.

Article Excerpt

TORONTO-DOMINION BANK $71 earned $1.4 billion in its first quarter, which ended January 31, 2010. That’s up 31.2% from $1.1 billion a year earlier. Earnings per share rose 26.0%, to $1.60 from $1.27, on more shares outstanding. Thanks to the improving economy, TD set less money aside to cover bad loans. Its loan-loss provisions fell 17.9%, to $517 million from $630 million. That was the main reason for the higher earnings. Best Buy. BANK OF NOVA SCOTIA $49 is the target of a $300-million class-action lawsuit that accuses it of failing to pay overtime to over 5,000 current and former employees. A judge has certified the suit. However, Bank of Nova Scotia will probably appeal, as another judge recently dismissed a similar suit against CIBC. Whatever the outcome, any award will likely be small next to the $988 million, or $0.91 a share, that Bank of Nova Scotia earned in the three months ended January 31, 2010. Best Buy. LOBLAW COMPANIES LTD…