TD Bank Issues Comments On Expected Impact Of Charles Schwab's Earnings

(RTTNews) - TD Bank Group said that it expects Charles Schwab Corp's third quarter earnings to translate into about C$224 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2021 fourth quarter.

Excluding acquisition-related charges of about C$13 million after-tax and amortization of acquired intangibles of about C$34 million after-tax, adjusted equity in net income of an investment in Schwab will be about C$271 million.

TD Bank Group said it will release its fourth quarter financial results on December 2, 2021.

Last week, Charles Schwab Corp. (SCHW) reported that its third-quarter net income available to common stockholders climbed to $1.41 billion or $0.74 per share from $615 million or $0.48 per share last year.