RE:RE:RE:TD - Morningstar Analyst Commentsmarcrobert - I agree. Maybe with this asset cap TD will focus on extracting better profits from its existing U.S. operations. Their ROE is running below 10%, even before this quarters big 3 billion provision, and the efficiency ratio is NOT spectacular in the States or even overall. I blieve they will get this turned around and we will see nice SP appreciation.
marcrobert wrote: LOTS OF NOISE MEDIA FEEDING FRENZY, HEADLINES WILL BE BAD FOR A WHILE... MOST FUND MANAGERS in Canadsa say BUY. Downside risk is limited but headlines will continue. Fund managers welcome the assets cap in the US, say TD has enough assets already, stop spending.