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TD Ameritrade expected to add $53-million to TD’s second-quarter profit

The outside of a TD Bank branch is seen in New York January 17, 2012.


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.

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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.

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