RBC Capital Research on TD Bank

EventTD Ameritrade deal closes and Ameritrade reports Q1/F06 result.Investment Opinion� TD Vends Waterhouse (TWE) for 32.5% of Ameritrade (AMTD). Concurrent with AMTD�s Q1 report and board meeting, TD�s Waterhouse becomes part of TD Ameritrade. Over the course of the next three years, TD will now aim to pick up another 7.4% of AMTD outstanding in the open market to raise its stake to targeted