TD Bank stock heavly shorted - is this the end ?

[Aubreexxx]

Wow, your insights on the current state of Canadian banks during a recession are eye-opening! It's concerning to hear about the potential consequences of risky practices and greed. It's important for banks to prioritize responsible risk management to safeguard the economy and avoid such situations. Let's hope that measures are taken to prevent any major collapses. Thanks for sharing your perspective!

 

[gusgolfpro]

100%

 

[sprite09]

Are you sure that TD is being heavily shorted.

Twenty-two percentage of float [1], considered extremely high [2]

Yahoo Finance shows a short ratio of ~7 for TD [3], which is high [2].


[1]https://www.iiroc.ca/sections/marke...ion/short-sale-trading-statistics-and-reports

[2]https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/

[3]https://ca.finance.yahoo.com/quote/TD.TO/key-statistics?p=TD.TO

 

[johnnysc]

The shorts will leave soon and thing will recover quickly.

 

[lakersnuggets]

The shorts will leave soon and thing will recover quickly.

Stay away from the entire market it is about to crash.

 

[dvous11]

Stay away from the entire market it is about to crash.

Been hearing that for a while now.

 

[John_Jacob]

Been hearing that for a while now.

Ya, the bears will be right eventually. It's tough to say because the stock market is usually a 6 month view out and the stock market is not the economy.

 

[weatherislands]

Ya, the bears will be right eventually. It's tough to say because the stock market is usually a 6 month view out and the stock market is not the economy.

They are usually 6 months ahead of the regular people like us. That is why we stand no chance.

 

[John_Jacob]

They are usually 6 months ahead of the regular people like us. That is why we stand no chance.

Yup, big reason I stay away from tech, changes much too rapidly.

 

[farquhar]

Twenty-two percentage of float [1], considered extremely high [2]

Yahoo Finance shows a short ratio of ~7 for TD [3], which is high [2].


[1]https://www.iiroc.ca/sections/marke...ion/short-sale-trading-statistics-and-reports

[2]https://www.powercycletrading.com/what-is-a-high-short-interest-ratio/

[3]https://ca.finance.yahoo.com/quote/TD.TO/key-statistics?p=TD.TO

https://www.bnnbloomberg.ca/td-bank...with-a-u-s-justice-department-probe-1.1963220

Toronto-Dominion Bank says it’s been receiving inquiries from regulators and law enforcement about its compliance with anti-money-laundering rules, including requests related to a US Department of Justice investigation.

Canada’s second-largest bank made the disclosure in its third-quarter financial results Thursday, saying it may face penalties as a result of the probe.

“The bank is cooperating with such authorities and is pursuing efforts to enhance its Bank Secrecy Act/anti-money-laundering compliance program,” the Toronto-based company said. “While the ultimate outcomes of these inquiries and investigations are unknown at this time, the bank anticipates monetary and/or non-monetary penalties to be imposed.”

A spokesperson for the Justice Department didn’t immediately respond to an emailed request for comment.

Toronto-Dominion had a deal to buy Tennessee-based First Horizon Corp., but the transaction fell apart in May after the bank said it couldn’t secure timely approval from regulators. The acquisition was held up by concerns about Toronto-Dominion’s handling of suspicious customer transactions, a person familiar with the matter told Bloomberg News at the time.

Perhaps the short-sellers are on to something.

 

[dqsunday]

https://www.bnnbloomberg.ca/td-bank...with-a-u-s-justice-department-probe-1.1963220



Perhaps the short-sellers are on to something.

They work together and target companies.

 

[sleepyhallow]

They work together and target companies.

Everyone knows we have no control.

 

[karlmarxunite]

Everyone knows we have no control.

When did anyone think we did .

 

[karlmarxunite]

They work together and target companies.

Short selling is like football. Everyone must work together or you will lose and get hurt.

 

[morningvibe]

Yup, big reason I stay away from tech, changes much too rapidly.

Stick with the computer chip stocks.

 

[marketwatchtoronto]

Stick with the computer chip stocks.

Nvidia I like but the price has gone up to fast so it must come down.

 

[sorrownight]

Short selling is like football. Everyone must work together or you will lose and get hurt.

Short sellers are evil and target stocks like vampires and blood.

 

[firehousesubs]

Stick with the computer chip stocks.

Obviously computer chi stocks are safe especially since the shortage of parts is almost done.

 

[Darts]

3Q23 bank results show huge loan loss provisions. Many borrowers can't handle the higher interest rates.

 

[farquhar]

3Q23 bank results show huge loan loss provisions. Many borrowers can't handle the higher interest rates.

I had some guy on Reddit argue last night that the economy is doing fine; cars have a year long waiting list, restaurants and malls are packed, and people are travelling.

The Canadian economy contracted in Q2. He thinks the only thing that will derail things is if unemployment hits double digits like in 1989. We will see what happens.