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TD BankTD.PR.T.TOHOLDMay 06, 2024Stock price when the opinion was issued
We think $78 is a good buying starting point.
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Shareholders in company - current share price a good place to buy. Fines and anti-money laundering investigations a concern for investors. Large amounts of money will be involved to beef up compliance requirements. Appears regulator won't be too harsh on company. Will continue to own share - is a dominant franchise with good business prospects.
Money laundering scheme is difficult to determine in damage. Will take time to see how lawsuit plays out. Would recommend holding for now. Strong business franchise with near oligopoly in Canada.