Net income for wealth management was down 12% from a year ago
Net income for global wealth management was down 7% from the previous year
MacAlpine declined to provide the share of the U.S. business it would spin off
AUM dropped 5.9%, net outflows in retail wealth management were $1.6 billion year over year
The result beat expectations
TD holds a 12% stake in Schwab
Ten of the 42 firms in the survey raised their quarterly dividends amid darkening economic conditions
The bank's bottom line was boosted by Bank of the West acquisition
The bank is putting more bankers, advisors on the street, CFO says
In wealth management, commission revenue was negatively affected by market performance, lower client activity