Toronto-Dominion Bank TDOMF

TD $4B potential fine for drug dealing + money laundering

[cryptopher]

That will eat up TD entire free cash and today observing Berkshire Hathaway dumping Billions of Bank of America tells me that TD is the strong Cdn candidates of going the way of the Dinosaurs & even Jerome's .75 cut in Sept can't save this onslaught.

[dynopeg]

Yes, possible 4b fine. Possible .5b fine. I don't know and you don't know. TD did no drug dealing, a very small number of junior employees were responsible for allowing money laundering. It's already baked into the price. Shares have definitely come up nicely from lows. Trading now just tracking the TSX. TSX will of course come back and so will TD. Sit back and collect  dividend.&

[cryptopher]

I dunno what you're smoking there dyno but keep dreaming https://www.saferbankingresearch.com/article/Big-Banks-Have-Massive-Exposure-TD-Bank-Has-Several-Major-Issues-202306281050.html

[dynopeg]

June 28 article when TD closed at 75.20. No worries

[naissance17]

This is $4,000,000,000.00 a HUGE amount 

[TheBridge]

Another shoe has fallen, as expected. This is going to take a lot of time to bring around a correction and will take more time to regain the trust that TD had established. Making RBC standout as a pillar of strength and trust, all of a sudden BNS and BMO are also providing some decent opportunity. Oh, and there's more shoes to drop as the details and conditions of the penalties are announced.

[naissance17]

$4,000,000,000.00

[rustyblades]

That's a lot of zeroes