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