Toronto-Dominion Bank T.TD.PF.D

TD Risks An Earnings Hit From US Laundering Probe

[FiddyFiddyShot]

With new allegations emerging surrounding US anti-money-laundering investigations into Toronto-Dominion Bank, the lender could face a much higher fine than previously expected as well as a significant hit to its long-term financial performance
https://financialpost.com/pmn/business-pmn/td-risks-an-earnings-hit-from-us-laundering-probe-analysts-say

[HoneyBadger77]

The key word being 'could'....the lender could face a much higher fine than previously expected as well as a significant hit to its long-term financial performance. And I 'could' buy even more TD shares at $71.  Go look at a max (20 year chart) of TD and see how much impact these seemingly significant events have on their share price over time. The huge US hedge Funds are

[ecolo101]

I am with you on your comment and I decided to buy today as a start 500 shares. Dividend 5.2% at reasonable Stock Price. time will tell. But here for the long haul. glta

[TheBridge]

ecolo101, wishing you the best on your purchase, I don't wish any TD shareholder bad luck. I own this share along with RY and recently purchased some BNS on their dip and high dividend. But I won't purchase any more shares of TD because of their significant incompetence as a banking institution and because they're currently an embarassment in the financial field. And I was not

[FiddyFiddyShot]

Not only is it ultimately the CEO's responsibility, it makes you wonder if he had some direct involvement in the laundering. That's a heck of a lot of cash for just a bank teller to process.  Someone somewhere was receivng more than just the occasional gift card for all their hard laundering work, that's for damn sure...