Brokerage unit to contribute $62 million to TD Bank’s Q3 net income
Earnings hit by settlements with U.S., British regulators
Lower revenues in the securities and banking division
Asset management net income was up 11%
Growth of asset management and ETF businesses boosts revenues
Strength in global markets boosts investment management revenues
Cost reductions offset lower revenue
Revenue up from a year ago
Earnings to weaken as interest rates rise