Historically, TD has traded at a 4-per-cent premium to its peer group, but its shares now have a 6-per-cent discount.anti-money laundering defences, a National Bank of Canada analyst is revising his worst-case scenario for the bank, predicting fines that could reach $2-billion and potential restrictions on the bank’s business that could hobble its earnings.
That would wipe out 7 per cent of TD’s projected 2024 earnings per share, based on consensus estimates by analysts. Historically, TD has traded at a 4-per-cent premium to its peer group, but its shares now have a 6-per-cent discount, Mr. Dechaine said. That has attracted interest from some investors who predict a rebound, but Mr. Dechaine cautioned them to “put greater weight on worst-case scenarios for the stock.”
TD has consistently said it cannot disclose any information on its discussions with regulators, but the bank is anticipating additional penalties, which could include fines as well as non-monetary penalties. The total amount of those fines are “unknown and not reliably estimable at this time,” TD said in a statement this week.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »