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TD Bank Group Comments on Expected Impact of TD Ameritrade Holding Corp.’s Third Quarter Earnings
TD Bank Group (the “Bank“) announced today that it expects TD Ameritrade’s third quarter earnings to translate into approximately CDN $230 million reported equity in net income of an investment in TD Ameritrade for fiscal 2018 third quarter, which will be reported under International Financial Reporting Standards. Excluding acquisition-related charges of approximately CDN $18 million after-tax, adjusted equity in net income of an investment in TD Ameritrade would be approximately CDN $248 million.
TD Bank Group will release its third quarter financial results and host an earnings conference call on August 30, 2018. Conference call and audio webcast details will be announced closer to that date.
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