TD Bank Quarterly Earnings Buoyed by Sale of Schwab Stake - WSJ
1. TD Bank's earnings soared after exiting its Schwab investment. 2. Revenue rose 66% mainly due to a C$8.57B gain from Schwab. 3. Rising loan-loss provisions reflect global economic concerns. 4. TD's exit from Schwab raises questions about SCHW's future revenue. 5. Uncertain global trade landscape may limit SCHW's growth.