RE:RE:RE:NastyAs per the latest quaterly results 14.1B cad is their revenue of which US contributed 3.5B cad ( 2.9B NII and 600M non int income). The stock is dropping as though the 2.9B NII is going to be 0, that 2.9B might not "Grow" for a while but they have lot of room for growth in WM, TD sec etc. TD management has already told us they plan to sell low yielding assets and create room to continue serve retail clients - but the sell off is happening as though it is all over for retail banking in US. Yes it will take lots of efforts to come out of this but they have 1.9T assets on their B/S and it is well capitalized, will weather this storm and march forward.
I have been keeping an eye on the options market and Jan 2027 expiration ones are telling me there is no way you will see TD at the current price. ( does not mean it cant fall further)
This too shall pass and GLTA !!!