Post by
newcoin on May 07, 2024 7:47pm
Sell Off is Overblown
KBW analyst Mike Rizvanovic said the latest TD Bank developments have “clearly spooked investors” with the bank’s relative valuation at its lowest point in more than 21 years.
“While the optics around the new anti-money-laundering details are negative, we believe the market has overreacted,” Rizvanovic said.
https://www.marketwatch.com/amp/story/td-banks-stock-selloff-on-money-laundering-report-is-overblown-says-kbw-analyst-524d272f
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