TD Bank projects lower returns from Schwab investment

TD Bank Group Forecasts Lower Returns from Charles Schwab Investment

TD Bank Group, one of the leading financial institutions in Canada, has projected a decrease in its investment returns from Charles Schwab for the first quarter of fiscal 2024. This announcement sheds light on the broader trend of financial challenges within the U.S. banking sector. TD Bank’s forecasted equity net income from Schwab is expected to reach C$141 million, a significant drop from the C$285 million reported in the previous year.