The Globe and Mail reports in its Friday edition that TD Bank and CIBC posted higher-than-expected profits for their fiscal third quarter ended July 31, capping off a week in which five of the country's six biggest banks outperformed analysts' expectations. The Globe's James Bradshaw writes that TD's quarterly profit of $3.34-billion, or $1.89 per share, bounced back from a loss a year ago when U.S. regulators hit it with a $3-billion (U.S.) fine over serious lapses in its programs to prevent money laundering. After adjusting to exclude that charge, TD earned $2.20 per share, ahead of analysts' $2.05 consensus estimate. CIBC's $2.1-billion profit amounted to $2.15 per share, up from $1.8-billion, or $1.82 per share, a year earlier. The bank's adjusted earnings per share of $2.16 beat analysts' $2-a-share prediction. The retail banking businesses that are the core engines of Canadian banks' earnings had a strong quarter. A combination of easing fears about defaulting loans, better profit margins and modest growth in loan portfolios had banks repeatedly praising the "resilience" of their clients in a difficult time for the global economy. TD had its best Canadian retail profit ever at $1.95-billion.