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TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's Third Quarter Earnings

Newswire.ca - Wed Oct 16, 5:30AM CDT

TORONTO, Oct. 16, 2024 /CNW/ - TD Bank Group (the "Bank") announced today that it expects The Charles Schwab Corporation's ("Schwab") third quarter earnings to translate into approximately CDN $178 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2024 fourth quarter. Excluding acquisition-related charges of approximately CDN $2 million after-tax and amortization of acquired intangibles of approximately CDN $27 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately CDN $207 million.

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