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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Toronto Dominion Bank | TSX:TD | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 79.44 | 79.11 | 79.11 | 0 | 12:18:28 |
From May 2021 to May 2024
By Adriano Marchese
Toronto-Dominion Bank said it expects Charles Schwab Corp.'s fourth-quarter earnings to translate into about 231 million Canadian dollars, the equivalent of US$184.6 million, of reported equity in net income of an investment in Schwab for its fiscal first quarter.
With the acquisition of TD Ameritrade by Schwab, TD received a roughly 13.5% stake in Schwab.
The Canadian banking and financial services company said adjusted to exclude acquisition-related charges of about C$13 million after tax, as well as about C$34 million after-tax of amortization of acquired intangibles, it expects equity in net income of an investment in Schwab to be about C$278 million.
TD is scheduled to release its first-quarter results on March 3.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 19, 2022 07:04 ET (12:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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