An increase in earnings from TD Bank Group’s U.S. division helped drive profit higher in the company’s third quarter. TD said it U.S. retail division earned 1.14 billion Canadian dollars ($883.16 million), up 27% from the year-earlier comparable quarter. That was helped by the equity of its TD Ameritrade investment, which brought in C$225 million for the division, up 91%, primarily as a result of TD Ameritrade’s purchase of Scottrade. TD Ameritrade Holding Corp. bought Scottrade Financial Services Inc. in September of 2017.

Source: Wall Street Journal August 30, 2018 13:18 UTC