Q: do you think td is getting slammed this week because of money laundering questions or something else. seems to be taking it on the chin a lot more than other canadian banks lately
5i Research Answer:
TD has been fined $9M in Canada and the US continues to investigate. Investors do not like regulatory probes, but we think the drop is only related to that. The US investigation sheds some light perhaps on why the US blocked a big TD acquisition in the US last year.