Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (148723)	4/5/2023 9:58:09 AM
From: Goose94	Read Replies (1) of 202121

Toronto-Dominion Bank (TD-T) short-sellers pile up Now, here’s something you don’t see every day – TD Bank has short-sellers lining up at its door, with about US$3.7-billion worth of bets against the bank’s stock price piling up. That ranks TD as the most-shorted stock among its global financial peers, something of a surprise when you look at the turmoil that’s been rattling through the U.S. regionals and European banking system. Few things at play here, and at least a pair of them are tied to those U.S. regional bank concerns – namely, there remain questions on how exactly TD’s planned US$13.4-billion acquisition of First Horizon will play out. There are also concerns over the value of TD’s roughly 10 per cent stake in Charles Schwab, which has been caught up in the downdraft that has hit the American banking system. All that said, shorting Canadian banks has long been something of a widow maker trade – with the hefty dividend yields on the Big Six, they end up being an expensive carry (shorts have to pay out dividends to those they borrow the stock from) and given the relative stability of the banking oligopoly in this country, those trades seldom work out. BNN.ca

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next