Toronto-Dominion Bank’s TD shares moved marginally down on the NYSE, in response to the release of third-quarter fiscal 2020 (ended Jul 31) results last week. Adjusted net income declined 30% from the prior-year quarter to C$2.32 billion ($1.7 billion).The results were adversely impacted by a significant rise in provisions, fall in loan balance and lower non-interest income. However, a rise in net interest income and lower expenses were tailwinds.After considering certain non-recurring items, net income was C$2.24 billion ($1.64 billion), decreasing 31% year over year.Adjusted Revenues Rise, Expenses FallTotal revenues amounted to C$10.67 billion ($7.8 billion), up 2% on a year-over-year basis. This upside resulted from growth in net interest income.Net interest income rose 8% year over year to C$6.48 billion ($4.74 billion). However, non-interest income came in at C$4.18 billion ($3.06 billion), down 7% from the year-ago quarter.Non-interest expenses declined 1% from the prior year to C$5.24 billion ($3.83 billion).Adjusted efficiency ratio was 49.2% compared with 50.5% on Jul 31, 2019. Fall in efficiency ratio indicates a rise in profitability.Provision for credit losses jumped substantially year over year to C$2.19 billion ($1.6 billion).Solid Balance Sheet & Capital Ratios, Weak Profitability RatiosTotal assets came in at C$1.7 trillion ($1.27 trillion) as of Jul 31, 2020, up 1% from the fiscal second quarter. Net loans fell 3% on a sequential basis to C$721.4 billion ($537.7 billion) and deposits grew 1% to C$1.09 trillion ($0.81 trillion).As of Jul 31, 2020, common equity Tier I capital ratio was 12.5%, up from 12.0% on Jul 31, 2019. Total capital ratio was 16.5% compared with the prior year’s 16.1%.Return on common equity — on an adjusted basis — came in at 10.4%, down from 16.2% as of Jul 31, 2019.Our ViewpointWhile Toronto-Dominion’s efforts toward improving revenues — both organically and inorganically — are supported by a diverse geographical presence, rising operating expenses are deterring bottom-line growth to some extent. Further, rising provisions for credit losses pose a near-term concern.Toronto Dominion Bank The Price, Consensus and EPS Surprise Toronto Dominion Bank The price-consensus-eps-surprise-chart | Toronto Dominion Bank The QuoteToronto-Dominion currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Canadian BanksBank of Montreal’s BMO third-quarter fiscal 2020 (ended Jul 31) adjusted net income was C$1.26 billion ($0.92 billion), down 20% year over year. The results reflected a significant rise in credit costs and lower loan balance. However, increase in revenues, lower expenses and improvement in deposit balance offered some support.The Bank of Nova Scotia BNS reported third-quarter fiscal 2020 (ended Jul 31) adjusted net income of C$1.31 billion ($950 million), down 47% year over year. The results excluded certain one-time items. Escalating provisions and a decline in revenues were on the undermining factors. However, lower expenses, along with strong capital and profitability ratios were the driving factors.Royal Bank of Canada RY reported third-quarter fiscal 2020 (ended Jul 31, 2020) net income of C$3.2 billion ($2.3 billion), down 2% from the prior-year reported tally. The bank witnessed escalating expenses and provisions. However, higher revenues, along with elevated loans and deposit balances were positives.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of Nova Scotia The (BNS): Free Stock Analysis Report Bank Of Montreal (BMO): Free Stock Analysis Report Toronto Dominion Bank The (TD): Free Stock Analysis Report Royal Bank Of Canada (RY): Free Stock Analysis Report To read this article on Zacks.com click here.