Toronto Dominion Bank (TSE:TD) has released an update.
TD Bank Group anticipates a contribution of roughly CAD $194 million to its second-quarter earnings from its investment in Charles Schwab Corporation, with an adjusted net income estimate of CAD $229 million after accounting for certain charges. The Toronto-based bank is also preparing to release its own financial results for the second quarter on May 23, 2024, with details on the accompanying earnings call to be announced later. Investors are advised to consider that the bank uses both reported IFRS-compliant results and non-GAAP adjusted results to provide clearer insight into its performance.
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