RE:Long term effect on share value from a scandelOcal - there is a VERY big difference between the Wells Fargo issues and TD. The issues at Wells started at the CEO and went all the way through the whole company. Their opening of bogus accounts, manipulated reporting and a host of otehr transgressions, was widespread and sanctioned, or at least a knowing blind eye was turned to it, at all levels. It was sytem wide corruption of their duty to their clients. Senior executives should hacve gone to jail. The idea that TD's money laundering remotely approaches that level of system wide corruption is nonsense.
Ocalaman wrote: In 2016 WFC was embroiled in a scandel that had them prosicuted for making up fake accounts . If you do the 10 year stock performace data comparing them to other banks you will see the results of lack of faith investors had in wfc.
wfc 8.54% increase
jpm 246.20
bac 156.03
c 30.57
the resulting performance cost wfc billions in market value. td problems are only starting and history shows once there is lack of confidence by investors long term perfromance suffers.