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TD Bank Up 1.6% In US Premarket After Comments on Expected Impact of Charles Schwab's Q1 Earnings
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TD Bank Up 1.6% In US Premarket After Comments on Expected Impact of Charles Schwab's Q1 Earnings
Apr 16, 2024 4:24 AM

06:58 AM EDT, 04/16/2024 (MT Newswires) -- TD Bank Group (TD.TO, TD) was at last look up 1.6% in US premarket on Tuesday after it said it expects The Charles Schwab Corporation's first quarter earnings to translate into approximately $194 million of reported equity in net income on an investment in Schwab for TD's fiscal 2024 second quarter.

Excluding acquisition-related charges of approximately $5 million after-tax and amortization of acquired intangibles of approximately C$30 million after-tax, adjusted equity in net income on the investment in Schwab will be approximately C$229 million.

TD Bank Group will release its second quarter financial results and host an earnings conference call on May 23.

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