Toronto-Dominion Bank T.TD

Quarter

[bartno12001]

It's a miss on eps but a beat on revenue. So so quarter and messy with US AML. Problem is it's still not done completely. If other banks report beats then it will look even bad. Also disappointed at how low they had to sell shares of Schwab. Stock was over 70 and td sold at 61.5. Just nonsense. They could have planned this a little better. 


I think this year is finished now and stock just trade sideways to down till end of 2024. Tax loss selling will come in play. Too much money wasted in penalties + lawsuits etc. There has to be changes in management and possibly even the board. 

For now i am holding but I am not buying anymore. Better places to invest. Dividend increase at year end will help though.

[bartno12001]

It was a little funny conference call. Jeffries analyst got no proper answers from td. Nobody likes him lol My opinion after call hasn't changed. It's a hold type scenario. The non monetary is an issue and will impact growth. Also the multi year AML expense will have some impact. However a lot has been priced in and so it's a show me story and will take 2 years+ for td to recover. For