TD Bank Financial Group expects TD Ameritrade’s second quarter earnings to translate into a contribution of $48 million to second quarter net income for its Wealth Management segment, the bank said Tuesday.

Omaha, Neb.-based online brokerage TD Ameritrade reported fiscal second-quarter net income of US$132 million, or 23¢ a share, down from US$186.7 million, or 31¢ cents a share, a year earlier. Revenue declined 16% to US$525 million.

TD Bank Financial Group will release its second quarter financial results on May
28.

IE