Toronto-Dominion Bank T.TD

Alternate Symbol(s): T.TD.PF.B | TDBKF | T.TD.PF.C | T.TD.PF.D | T.TD.PF.E | T.TD.PF.I | TDOMF | TNTTF | T.TD.PF.J | TDOPF | T.TD.PF.M | TD | T.TD.PF.A | TDBCP

Financial Services

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Its Canadian Personal and Commercial Banking segment offers a full range of financial products and services to approximately 15 million customers in the Bank’s personal and commercial banking businesses in Canada. Its U.S. Retail segment offers a range of financial products and services under the brand TD Bank, America’s Most Convenient Bank. U.S. Retail Segment also TD Auto Finance U.S., TD Wealth (U.S.) business. Wholesale Banking segment operates under the brand name TD Securities, which offers a range of capital markets and corporate and investment banking services to corporate, government, and institutional clients. Its Wealth Management and Insurance segment provides wealth solutions and insurance protection to approximately six million customers in Canada.

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Toronto-Dominion Bank

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Post by Possibleidiot01on Jul 02, 2024 8:07pm

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Post# 36115510

David Driscoll - BNN - WAIT

WAIT

In 2002, shares fell from $44 to $20 because they were stuck with $2 billion in writedowns from the Enron lending (and implosion). He bought more at $20, and the following year, shares hit $45. So, the money-laundering charges TD faces in his opinion are political grandstanding. Only 2 TD employees in different states allegedly opened accounts for money launderers, not systemic. In Europe, 10-15 years European banks were scrutinized for allegedly helping Russian oligarchs. TD pays a 5.5% dividend and shares will be stuck until there's a resolution/settlement of some sort. Wait and see. He isn't buying this now.

banks

$75.580