TD may sell Charles Schwab (at a profit ?) 03:40 PM EST, 01/07/2025 (MT Newswires) -- Toronto-Dominion Bank (TD) is reviewing its stake in Charles Schwab (SCHW) as part of a strategic review, TD CEO Raymond Chun said at a conference on Tuesday.
Toronto-Dominion is reviewing the 185 million shares it owns in Schwab as part of a broader strategic and capital-allocation review, Chun said at RBC Capital Markets Canadian Bank CEO conference. Chun added that updates will be provided quarterly, and an investor day is planned for later this year.