RE:RE:NastyMy guess is that if TD was going to retest its 52 week low or go below, it would have done it already.
Having already shaved off ~ $11.00 a share or ~ $19 Billion CAD off of TD's market cap in about a week seems just a little overdone to me considering that the US regulator settlement results were already largely anticipated. I don't believe any analyst that says they weren't at least factoring in the US assets freeze as a possible outcome. This was factored in when TD's share price made a 52 week low a few months ago after the National Bank analyst pointed out the higher fine and possible US assets cap. The market is pricing the shares as if they lost all their US assets exposure and that's not the case.
I posted a few days ago that TD was the 7th largest US Bank (by desposits) and so just how much bigger would the US regulators let TD get anyway? How much more US growth was the market pricing into the stock for growth? $19 billion CAD? I highly doubt it.
In my opinion only.
HB77