Q: I am considering swapping AW until it wakes up with a return to TD BANK after tax loss selling in 2024. Please assess this move. Thank you
5i Research Answer:
We are not sure we could think of two more different companies. TD has done well already this year and it may have bottomed. Typically, this means it should continue to work higher as investors put its 2024 issues behind them. We would be comfortable with this swap.