07:08 AM EDT, 10/16/2024 (MT Newswires) -- TD Bank Group (TD.TO, TD) on Wednesday said it expects Charles Schwab third quarter earnings to equate to $178 million of net income for TD's fiscal fourth-quarter results.

In August, TD said it had reduced its stake in Schwab to 10.1% from 12.3%.

TD, which recently reached a US$3-billion settlement with U.S. regulators over its failures to oversee money laundering risks, will release its fourth quarter financial results on December 5.

TD shares are up US$0.01, to US$56.33 in U.S. premarket trade.