The Toronto-Dominion Bank’s TD second-quarter fiscal 2018 (ended Apr 30) adjusted earnings were C$1.62 per share, up 21% year over year. Also, adjusted net income rose 20% year over year to C$3.1 billion ($2.4 billion).Improvement in revenues was partially offset by higher provisions and a modest rise in operating expenses. Also, growth in capital and profitability ratios, as well as loan and deposit growth remained impressive.After considering certain non-recurring items, net income was C$2.9 billion ($2.3 billion), up 17% from the prior-year quarter.Revenues, Provisions & Expenses IncreaseTotal revenues (on an adjusted basis) came in at C$9.5 billion ($7.4 billion), up 12% year over year. The rise was attributable to growth in net interest income, as well as non-interest income.Adjusted net interest income grew 7% year over year to C$5.4 billion ($4.2 billion). Also, adjusted non-interest income came in at C$4.1 billion ($3.2 billion), jumping 21% from the year-ago quarter.Adjusted non-interest expenses flared up marginally year over year to C$4.7 billion ($3.7 billion).Adjusted efficiency ratio was 50.1% at the quarter end, down from 55.8% as of Apr 30, 2017. A decline in efficiency ratio indicates an improvement in profitability.Total provision for credit losses increased 11% year over year to C$556 million ($436 million).Strong Balance SheetTotal assets came in at C$1.28 trillion ($1 trillion) as of Apr 30, 2018, up 2% from the prior quarter. Net loans grew 2% sequentially to C$622 billion ($484.7 billion), while deposits rose 2% to C$829.8 billion ($646.6 billion).Profitability and Capital Ratios ImproveReturn on common equity, on an adjusted basis, came in at 17.6%, up from 14.8% as of Apr 30, 2017.As of Apr 30, 2018, common equity Tier I capital ratio was 11.8%, up from 10.8% in the prior-year quarter. Total capital ratio came in at 15.8% for the reported quarter, up from 14.9% as of Apr 30, 2017.Our ViewpointTD Bank’s efforts toward improving revenues, both organically and inorganically, are supported by its strong capital position. Though elevated level of provisions remains a concern, the export-driven economy of Canada is likely to benefit from gradual recovery of the U.S. economy. This, in turn, might aid the Zacks Rank #3 (Hold) company’s growth over the long run.Toronto Dominion Bank (The) Price, Consensus and EPS Surprise Toronto Dominion Bank (The) Price, Consensus and EPS Surprise | Toronto Dominion Bank (The) QuoteYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Foreign BanksCanadian Imperial Bank of Commerce’s CM second-quarter fiscal 2018 (ended Apr 30) adjusted earnings per share came in at C$2.95, increasing from C$2.64 in the prior-year quarter.Barclays BCS incurred first-quarter 2018 net loss attributable to ordinary equity holders of £764 million ($1.06 billion). Net income attributable to ordinary equity holders was £190 million ($248 million) in the year-earlier quarter.HSBC Holdings HSBC recorded first-quarter 2018 pre-tax profit of $4.8 billion, down 4% year over year. Further, net income attributable to shareholders of $3.1 billion reflects 1% fall from the year-ago quarter.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>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 Barclays PLC (BCS): Free Stock Analysis Report Toronto Dominion Bank (The) (TD): Free Stock Analysis Report Canadian Imperial Bank of Commerce (CM): Free Stock Analysis Report HSBC Holdings plc (HSBC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research