July 19, 2011 / 12:17 PM / 6 years ago

UPDATE 1-TD Bank sees boost from TD Ameritrade earnings

TORONTO, July 19 (Reuters) - Toronto-Dominion Bank (TD.TO), Canada’s second-biggest bank, expects TD Ameritrade Holding Corp’s (AMTD.O) quarterly earnings to add C$48 million ($50 million) to the parent company’s wealth management unit.

TD, which owns a greater-than 40-percent stake in TD Ameritrade, will report third-quarter results on Sept. 1. TD Ameritrade reported a weaker quarterly profit on Tuesday. [ID:nN1E76B0UB] ($1=0.96 Canadian) (Reporting by S. John Tilak; Editing by Derek Caney)

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