"This was a great quarter for TD, with truly impressive performance from our retail businesses on both sides of the border, setting another record for total adjusted retail earnings," said Ed Clark, Group President and CEO.  Unfortunately, not so great for the brokerage side of the ledger. Nevertheless, the bank posted earnings for the quarter ended 7/31/11 that widely exceed results from one-year ago.  The bank also announced a dividend increase - the 2nd one this year.   Among its highlights: Wealth Management. Global Wealth net income, which excludes TD's reported investment in TD Ameritrade, was up 26% from the same period last year, largely driven by fee-based revenue from higher client assets, as well as increased net interest margin.  Trading volume was healthy and there was good year-over-year asset growth. U.S. Personal and Commercial Banking. This area was up 21% from the same period last year, primarily driven by strong organic volume growth, and acquisitions. Wholesale (and Investment) Banking. Wholesale Banking reported net income of $108 million, down 40% from the same period last year.  The results reflected lower revenue in fixed income and currency trading, partially offset by improved investment banking fees and securities gains. "This was a difficult quarter.  Markets came under heavy pressure from the European and U.S. debt crises, as well as weaker than expected U.S. economic data, all of which had a significant impact on our fixed income trading businesses," said Bob Dorrance, Group Head, Wholesale Banking, TD.  "We expect markets to remain challenging, but will continue to drive our client-focused strategy and leverage the strength of our franchise businesses to mitigate any downturn in our capital markets businesses." [PR Newswire, 9/1/11]