Bullboard - Stock Discussion Forum Toronto-Dominion Bank TDOPF

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

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... see more

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Toronto-Dominion Bank > Mike Vinokur - BNN - WAIT

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Post by Possibleidiot01 on May 09, 2024 3:40pm

Mike Vinokur - BNN - WAIT

WAIT

Do legal troubles make this a buy, hold or sell?

Up till now, one of the best operators. This is a blemish for a year. He's concerned that regulators will want to make a point. TD took reserves but it won't be enough for the potential penalty of $2-2.5B. Remember Wells Fargo.

Big company, makes a lot of money. Dividend not in jeopardy, but may not be increased anytime soon. May be prevented from further acquisitions. Probably no share buybacks. Plus, we could be in a credit cycle with defaults escalating.

Have to look at valuation. He's waiting. Likes it and its capital levels. If stock pulled back a bit more, he may take a position.

banks

$76.680

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Comment by newcoin on May 09, 2024 6:28pm

The only Canadian bank that he owns is the Bank of Nova Scotia. I saw the interview personally. I felt he was negative and maybe disconnected. I like all the banks. They are fantastic investment opportunities. He wasn't negative on TD but he said be careful. Whatever that means? At these levels I'm buying hand over fist.

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Toronto-Dominion Bank