" class="no-js "lang="en-US"> TD Bank on Expected Impact of Schwab's Q1 Earnings
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TD Bank

April 18 2023

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

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TD Bank Group announced today that it expects The Charles Schwab Corporation’s  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.

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