Post by
Dibah420 on Apr 19, 2023 10:53am
TD in US
Ongoing yakyak on FH. Here's TD's comment on Schwab:
TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's First Quarter Earnings
Canada Newswire - Apr 18, 2023 6:30 AM EDT
TORONTO, April 18, 2023 /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 $241 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2023 second quarter. Excluding acquisition-related charges of approximately CDN $12 million after-tax and amortization of acquired intangibles of approximately CDN $30 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $283 million.
TD Bank Group will release its first quarter financial results and host an earnings conference call on May 25, 2023 at 1:30 p.m. ET. Conference call and audio webcast details will be announced closer to that date.
Be the first to comment on this post