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BRIEF-TD To Have Ownership Stake In The Charles Schwab Corporation Following Schwab's Acquisition Of TD Ameritrade

Published 2019-11-25, 07:27 a/m
© Reuters.  BRIEF-TD To Have Ownership Stake In The Charles Schwab Corporation Following Schwab's Acquisition Of TD Ameritrade
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Nov 25 (Reuters) - Toronto-Dominion Bank TD.TO :

* TD TO HAVE OWNERSHIP STAKE IN THE CHARLES SCHWAB CORPORATION FOLLOWING SCHWAB'S ACQUISITION OF TD AMERITRADE

* TORONTO-DOMINION BANK - EXPECTS TO RECORD A SIZEABLE REVALUATION GAIN AT DEAL CLOSING

* TD BANK - EXPECTS SHARE OF SCHWAB'S EARNINGS TO INCREASE PROPORTIONATELY, MORE THAN OFFSETTING IMPACT OF LOWER REVENUE UNDER REVISED IDA AGREEMENT

* TORONTO-DOMINION BANK - OVERALL EFFECT ON TD'S EARNINGS PER SHARE IS EXPECTED TO BE MODESTLY ACCRETIVE ONCE DEAL INTEGRATION IS COMPLETE

* TORONTO-DOMINION BANK - UPON DEAL CLOSING, WE ALSO EXPECT TRANSACTION TO HAVE MINIMAL CAPITAL IMPACT TO TD

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