TD Bank Group says that brokerage firm TD Ameritrade Holding Corp. will contribute about $53-million of net income to the bank’s second-quarter earnings.
That would be about $8-million more than in the year-earlier quarter.
Toronto-Dominion owns a large minority stake in the Nebraska-based online brokerage firm.
TD Ameritrade, which reports in U.S. currency, says it had $144-million (U.S.) or 26 cents per share of net income and $679-million of revenue in its second quarter ended March 31.
Those are up from the year-earlier profit of $137-million or 25 cents per share with $673-million of revenue in the second quarter ended March 31, 2012.