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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Charles Schwab Corporation | NYSE:SCHW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.845 | -1.13% | 73.715 | 74.44 | 73.62 | 74.37 | 3,076,426 | 18:29:37 |
From Apr 2023 to Apr 2024
By Dean Seal
Toronto-Dominion Bank expects Charles Schwab's quarterly earnings to translate into about 156 million Canadian dollars, or $114.4 million, of reported equity in net income of its investment in Schwab for the bank's fiscal fourth quarter.
The Canadian financial institution has roughly a 13.5% stake in Schwab through Schwab's acquisition of TD Ameritrade.
The expected after-tax adjusted equity in net income of the investment in Schwab will be about C$234 million, excluding acquisition-related charges of about C$13 million, restructuring charges of about C$35 million and amortization of acquired intangibles of about C$30 million, TD Bank said.
TD Bank is scheduled to release its fourth-quarter financial results on Nov. 30.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 17, 2023 07:12 ET (11:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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