10:29 AM EST, 01/22/2025 (MT Newswires) -- TD Bank Group (TD, TD.TO) said Wednesday it expects Charles Schwab's ( SCHW ) Q4 earnings to contribute 231 million Canadian dollars ($160.8 million) in net income to the bank's fiscal Q1.

TD Bank said in October 2020 it held a 13.5% stake in Charles Schwab ( SCHW ) following the acquisition of TD Ameritrade by Charles Schwab ( SCHW ). TD said when reporting its Q4 results that it sold down a portion of that stake on Aug. 21, trimming its share of the discount broker to 10.1% after selling 40.5 million shares for $2.5 billion last August.

TD Bank is slated to release its fiscal Q1 results on Feb. 27.

Shares were down 0.7% in recent trading.

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