TD Bank Quarterly Earnings Buoyed by Sale of Schwab Stake
Toronto-Dominion Bank's earnings soared in the recent quarter thanks to the exit from its investment in Charles Schwab SCHW -1.79%decrease; red down pointing triangle, though loan-loss provisions were on the rise and the bank cautioned the economic outlook had weakened in the wake of President Trump's tariffs.
Net income jumped to 11.13 billion Canadian dollars ($8.03 billion), or C$6.27 a share, for the fiscal second quarter from C$2.56 billion, or C$1.35, a year earlier.
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