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TD Bank Expects Gain Of C$141 Mln In Q1 From Charles Schwab's Q4 Earnings
(RTTNews) - TD Bank Group (TD, TD.TO) announced Thursday that it expects The Charles Schwab Corp's (SCHW) fourth quarter earnings to translate into approximately C$141 million of reported equity in net income of an investment in Schwab for the Bank's fiscal 2024 first quarter.
Excluding acquisition-related charges of approximately C$9 million after-tax, restructuring charges of approximately C$27 million after-tax, an FDIC special assessment of approximately C$22 million after-tax, and amortization of acquired intangibles of approximately C$31 million after-tax, adjusted equity in net income of an investment in Schwab will be approximately C$230 million.
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TD Bank Reaches $1.205 Bln Settlement Related To Litigation Involving The Stanford Financial Group
TD Bank Group (TD, TD.TO) announced Monday that it has agreed to a settlement in principle relating to litigation involving the Stanford Financial Group.
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TD Bank Group Q4 Profit Surges; Results Top Estimates
TD Bank Group (TD, TD.TO) on Thursday reported fourth-quarter net income available to common shareholders of C$6.56 billion or C$3.62 per share, up sharply from C$3.72 billion or C$2.04 per share in the year-ago quarter.
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TD Bank, Target Extend U.S. Credit Card Partnership Through 2030
TD Bank (TD, TD.TO), America's Most Convenient Bank, announced Wednesday a multi-year contract extension with Target Corp. (TGT), in which TD will continue to be the exclusive issuer of Target co-branded and private label consumer credit cards.
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FTSE 100 Weak Again, Looks Headed For Weekly Loss
U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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French Stocks Mostly Subdued In Cautious Trade
The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.
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French Inflation Cools; Economy Expands As Estimated
France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
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Sensex, Nifty Extend Losses On Trade Worries
Indian shares ended lower on Friday to extend recent declines due to concerns over steep U.S. tariffs imposed on Indian goods.
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