TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's Q3 Earnings
06:58 AM EDT, 10/17/2023 (MT Newswires) -- TD Bank Group (TD.TO, TD) on Tuesday announced that it expects The Charles Schwab Corporation's third quarter earnings to translate into $156 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2023 fourth quarter.
Excluding acquisition-related charges of $13 million after-tax, restructuring charges of $35 million after-tax, and amortization of acquired intangibles of $30 million after-tax, adjusted equity in net income of an investment in Schwab will be $234 million, TD reported.