RE:RBC Analysis Re: TDI agree with you on many things but yesterday news was something new. The rbc report is dated April 30 which is when TD announced the US$450 million provision so lets see what royal bank says on monday or tuesday next week based on today's action. TD has not been completely forthcoming and this link to drug money laundering case is worse than anyone expected hence the sell off today.
i expect analysts will cut TD target price to 80 or below..and usually stocks tend to be 10%-15% below the target price although i agree its a good buying opportunity. i expect the share price to be under continuous pressure even after earnings and i wouldnt be surprised if we see 65 even in the next month. another 13% drop is nothing..save your cash and raise cash by selling other stocks. markets tend to be totally irrational and always overdo on the downside and upside. I intend to build a substantial position and will keep on buying at every weakness. in a few years i agree we will all be laughing.