An anonymous director reports
TD BANK GROUP COMMENTS ON EXPECTED IMPACT OF THE CHARLES SCHWAB CORPORATION'S SECOND QUARTER EARNINGS
TD Bank Group expects The Charles Schwab Corp.'s second quarter earnings to translate into approximately $190-million of reported equity in net income of an investment in Schwab for the bank's fiscal 2024 third quarter. Excluding acquisition-related charges of approximately $5-million after tax and amortization of acquired intangibles of approximately $30-million after tax, adjusted equity in net income of an investment in Schwab will be approximately $225-million.
TD Bank Group will release its third quarter financial results and host an earnings conference call on Aug. 22, 2024. Conference call and audio webcast details will be announced closer to that date.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth-largest bank in North America by assets and serves over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe.
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