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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Toronto Dominion Bank | NYSE:TD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.63 | -1.06% | 58.69 | 59.405 | 58.68 | 59.08 | 2,792,323 | 00:54:08 |
By Dave Sebastian
TD Bank Group Friday laid out the effects of Charles Schwab Corp.'s first-quarter earnings on its fiscal second quarter.
With the acquisition of TD Ameritrade by Schwab, TD received a roughly 13.5% stake in Schwab. TD said it expects Schwab's first-quarter earnings to translate into about 223 million Canadian dollars ($178.3 million) of reported equity in net income of an investment in Schwab for its fiscal second quarter.
Adjusted equity in net income of an investment in Schwab will be about C$272 million, TD said. That excludes acquisition-related charges of about C$15 million after taxes and amortization of acquired intangibles of about C$34 million after taxes.
TD will release its quarterly results May 27, it said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 16, 2021 07:01 ET (11:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Toronto Dominion Bank Chart |
1 Month Toronto Dominion Bank Chart |
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