TD Bank stock heavly shorted - is this the end ?

[dutchcock29]

I have been watching the market carefully for 16 months now expected the downturn and prepared for it.
However, I did not expect TD bank engaging in risky bets on Wall streets, but apparently short sellers saw this Canadian ship headed straight to an iceberg.
With roughly $1.26 trillion in assets, TD Bank would certainly be considered too big to fail.

What if short sellers are right will and can the Canadian people able to bail them out ?

Of course TD bank is telling customers & the market they are fully funded , deposits are secure etc.
Recall SVB, First Republic, Credit Suisse said the same to the market right until (11th hour) their eminent collapse.



I am hoping TD Bank find a way to sort itself out. Canada has one of the highest cost of living, & hidden poverty squeezing the middle class.
The last thing the tax payer need now is bailing out a fat cat that got too careless & greedy for its own sake !

Also with such potential massive exposure can RBC or any other Canadian banks be able to save them ?
The American investors will pass on the Canadian side of the business,
but may be interested in buying the US business side of the bank for pennies on the dollar.

Check out this article for more TD bank woes .

What do you all think is this short sellers hypes or TD Bank is in serious troubles ?

 

[superstar_88]

TD stock is up 2% today

 

[jcpro]

It looks like the banking sector is in trouble on both sides of the border. Unfortunately, outside of the financial media, precious little is being reported about this. Oh, yeah. Any Canadian bank that gets into trouble will get a swift bailout.

 

[billie69]

TD recently backed out of buying the U.S. bank “First Lender” amid regulatory concerns so that may help stabilize them.

 

[curr3n_c1000]

Is that why TD keeps calling me to discuss stealing my savings away, I'm mean investing in their product and services.

 

[Indiana]

BNS for the win.

 

[Soccersweeper]

It looks like the banking sector is in trouble on both sides of the border. Unfortunately, outside of the financial media, precious little is being reported about this. Oh, yeah. Any Canadian bank that gets into trouble will get a swift bailout.

There has never been a Canadian bank bailout because they are so well run. The last time short sellers went after the banks for what was called the big white short, they got burned. The two systems are different and there is nothing to se here

 

[Soccersweeper]

I have been watching the market carefully for 16 months now expected the downturn and prepared for it.
However, I did not expect TD bank engaging in risky bets on Wall streets, but apparently short sellers saw this Canadian ship headed straight to an iceberg.
With roughly $1.26 trillion in assets, TD Bank would certainly be considered too big to fail.

What if short sellers are right will and can the Canadian people able to bail them out ?

Of course TD bank is telling customers & the market they are fully funded , deposits are secure etc.
Recall SVB, First Republic, Credit Suisse said the same to the market right until (11th hour) their eminent collapse.

View attachment 231032

I am hoping TD Bank find a way to sort itself out. Canada has one of the highest cost of living, & hidden poverty squeezing the middle class.
The last thing the tax payer need now is bailing out a fat cat that got too careless & greedy for its own sake !

Also with such potential massive exposure can RBC or any other Canadian banks be able to save them ?
The American investors will pass on the Canadian side of the business,
but may be interested in buying the US business side of the bank for pennies on the dollar.

View attachment 231041 Check out this article for more TD bank woes .

What do you all think is this short sellers hypes or TD Bank is in serious troubles ?

Canada is actually one of the most affordable places to live amonger developed nations. Plus it's one of the safest, most livable and happiest, and regularly ranked at the top of best countries. Achieving that isn't free. And the banking sector is something we brag about. Banks here are soundly run, profitable, pay more taxes than any other companies, and their shares are funding most people's retirement plans. This short selling will fail as the previous attempt did 12 years ago. If anything, Canadian banks will buy these mid size US banks while they're cheap and the Canadian banks have so much capital

 

[jeff2]

I have been watching the market carefully for 16 months now expected the downturn and prepared for it.
However, I did not expect TD bank engaging in risky bets on Wall streets, but apparently short sellers saw this Canadian ship headed straight to an iceberg.
With roughly $1.26 trillion in assets, TD Bank would certainly be considered too big to fail.

What if short sellers are right will and can the Canadian people able to bail them out ?

Of course TD bank is telling customers & the market they are fully funded , deposits are secure etc.
Recall SVB, First Republic, Credit Suisse said the same to the market right until (11th hour) their eminent collapse.

View attachment 231032

I am hoping TD Bank find a way to sort itself out. Canada has one of the highest cost of living, & hidden poverty squeezing the middle class.
The last thing the tax payer need now is bailing out a fat cat that got too careless & greedy for its own sake !

Also with such potential massive exposure can RBC or any other Canadian banks be able to save them ?
The American investors will pass on the Canadian side of the business,
but may be interested in buying the US business side of the bank for pennies on the dollar.

View attachment 231041 Check out this article for more TD bank woes .

What do you all think is this short sellers hypes or TD Bank is in serious troubles ?

Hard to take down the Canadian banking cartel.

 

[simp2000]

There has never been a Canadian bank bailout because they are so well run. The last time short sellers went after the banks for what was called the big white short, they got burned. The two systems are different and there is nothing to se here

It's easy to have a run-well business when you don't have any competition. That's like saying, "hey Joe the plumber runs a really tight ship" when he's the only plumber in town. It's the same shit with the telecoms, if both the banks and telecoms had real competition from down south they would be shitting their pants.

Canada is actually one of the most affordable places to live a,I fast developed nations. Plus it's one of the safest, most livable and happiest and regularly ranked at the top of best countries. Achieving that isn't free. And the banking sector is something we brag about. Banks here are soundly run, profitable, pay more taxes than any other companies, and their shares are funding most people's retirement plans. This short selling will fail as the previous attempt did 12 years ago. If anything, Canadian banks will buy these mid size US banks while they're cheap and the Canadian banks have so much capital

Canada is not affordable by any means. You must be some old fart boomer. Unless you have assets that you can HELOC good luck trying to survive. How can you even say that? Do you know what the average rent costs nowadays for a shitty bachelor? Do you have any idea how much groceries costs now? Car insurance? Shitty mobile service? What kind of cheap crack are you smoking, because I want some of that.

 

[simp2000]

Canada is actually one of the most affordable places to live

Boomers are so out of touch with reality, I hope they take MAID, they will have some foreign nurse smiling down at them while they take out whitey.

 

[Soccersweeper]

It's easy to have a run-well business when you don't have any competition. That's like saying, "hey Joe the plumber runs a really tight ship" when he's the only plumber in town. It's the same shit with the telecoms, if both the banks and telecoms had real competition from down south they would be shitting their pants.



Canada is not affordable by any means. You must be some old fart boomer. Unless you have assets that you can HELOC good luck trying to survive. How can you even say that? Do you know what the average rent costs nowadays for a shitty bachelor? Do you have any idea how much groceries costs now? Car insurance? Shitty mobile service? What kind of cheap crack are you smoking, because I want some of that.

There are over 150 financial institutions in this country, which is not materially different per capita then there are in the US. How much competition do you need? Perhaps our system is the model considering banks of all sizes keep failing across the world except here.

I'm Gen x. Y'all always forget about us. I didn't say life is more affordable now than before. It's not. I said it's more affordable than other places. Where is this low cost utopia that is cheaper than here? Perhaps you should move there. Toronto real estate is cheap compared to Paris, London, Tokyo, NY, etc. You think inflation is a Canada only problem? Our inflation rate is one of the lowest in the G7. Do you even see what is happening in the US or Europe right now? They are far worse than us. Keep your cheap crack. You've OD'd.

 

[Rose11]

Single detached home price in Toronto is $1.270M. Mortgage is a million dollars. Bank owns your life for 25 years. In the past, you could pay off your house much sooner with a decent middle class income. Not anymore. Hooked for 25 years.

 

[dirtydaveiii]

It looks like the banking sector is in trouble on both sides of the border. Unfortunately, outside of the financial media, precious little is being reported about this. Oh, yeah. Any Canadian bank that gets into trouble will get a swift bailout.

You got your money in AB ?

 

[dirtydaveiii]

It's easy to have a run-well business when you don't have any competition. That's like saying, "hey Joe the plumber runs a really tight ship" when he's the only plumber in town. It's the same shit with the telecoms, if both the banks and telecoms had real competition from down south they would be shitting their pants.



Canada is not affordable by any means. You must be some old fart boomer. Unless you have assets that you can HELOC good luck trying to survive. How can you even say that? Do you know what the average rent costs nowadays for a shitty bachelor? Do you have any idea how much groceries costs now? Car insurance? Shitty mobile service? What kind of cheap crack are you smoking, because I want some of that.

Move to a shitty part of Canada- outside the gta

 

[angrymime666]

td dropped 3% today after quarterly report.

it may be buying time shortly. Im thinking after the next rate hike and quarterly report from td.

increased chance of poor performance and losses due to mortgage faults.

 

[Darts]

td dropped 3% today after quarterly report.

it may be buying time shortly. Im thinking after the next rate hike and quarterly report from td.

increased chance of poor performance and losses due to mortgage faults.

I think all the big banks had a disappointing quarter.

Old Irish proverb: "The sun doesn't shine every day."

 

[anonemouse]

I think all the big banks had a disappointing quarter.

Old Irish proverb: "The sun doesn't shine every day."

CIBC had a decent quarter, up 2.5% today vs. TD which was down 2.2%

 

[Butler1000]

How interintwined are the Canadian and US operations? Two very different set of laws in play.

 

[Y_Diner]

Until there’s a bailout like in the US 2008.
So so close to starting anew.