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TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's First Quarter Earnings


Posted April 16th, 2021 for TD Bank
TORONTO , April 16, 2021 /CNW/ - TD Bank Group (the Bank ) announced today that it expects The Charles Schwab Corporation s ( Schwab ) first quarter earnings to translate into approximately CDN $223 million of reported equity in net income of an investment in Schwab for the Bank s fiscal 2021 second quarter. Excluding acquisition-related charges of approximately CDN $15 million after-tax and amortization of acquired intangibles of approximately CDN $34 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $272 million .
TD Bank Group will release its second quarter financial results and host an earnings conference call on May 27, 2021 . Conference call and audio webcast details will be announced closer to that date. ....

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