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Stock impact report

TD Bank posts $3.7 billion in Q2 profit [Advisor.ca (Canada)]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Advisor.ca
© Elena Elisseeva / 123RF Stock PhotoTD Bank Group beat expectations as its second-quarter profit more than doubled compared with a year ago and the bank recovered some of its provisions for credit losses.TD said Thursday it earned $3.7 billion or $1.99 per diluted share for the quarter ended April 30, up from a profit of $1.5 billion or 80 cents per share a year ago.The improvement came as TD posted a $377-million recovery of credit losses for its latest quarter compared with a provision for credit losses of $3.2 billion a year ago at the start of the pandemic.TD CEO Bharat Masrani said TD reported strong results in the second quarter, reflecting the underlying strength of its diversified businesses, improving economic conditions and its prudent approach to managing risk.“While we are encouraged by the progress being made on vaccinations, Covid-19 continues to be a factor in our lives and our focus remains on the safety of our people and on supporting the evolving needs of our custom Show less Read more
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