TORONTO, April 19,
2022 /CNW/ - TD Bank Group (the "Bank") announced
today that it expects The Charles Schwab Corporation's ("Schwab")
first quarter earnings to translate into approximately
CDN $202 million of reported equity in net income of an
investment in Schwab for the Bank's fiscal 2022 second quarter.
Excluding acquisition-related charges of approximately CDN $12
million after-tax and amortization of acquired intangibles of
approximately CDN $34 million
after-tax, adjusted equity in net income of an investment in Schwab
will be approximately CDN $248
million.
TD Bank Group will release its second quarter financial results
and host an earnings conference call on May
26, 2022. Conference call and audio webcast details will be
announced closer to that date.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the fifth
largest bank in North America by assets and serves more
than 26 million customers in three key businesses operating in a
number of locations in financial centers around the globe: Canadian
Retail, including TD Canada Trust, TD Auto Finance Canada, TD
Wealth (Canada), TD Direct
Investing, and TD Insurance; U.S. Retail, including TD Bank,
America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in The Charles Schwab Corporation; and
Wholesale Banking, including TD Securities. TD also ranks among the
world's leading online financial services firms, with more than 15
million active online and mobile customers. TD had CDN$1.8
trillion in assets on January 31, 2022. The
Toronto-Dominion Bank trades under the symbol "TD" on
the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group