TD Bank's Fentanyl Probe: Assessing The Damage [Seeking Alpha]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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US:NYSE Investor Relations:
td.com/investor-relations/ir-homepage/ir-homepage/investor-index.jsp
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Source: Seeking Alpha
The bank has so far booked $450 million related to fines stemming from the deal, and says that it expects more. In this article I will explore the risks TD faces and costs it might incur related to its ongoing Fentanyl scandal. I own TD Bank stock and will probably buy more if the scandal-driven selloff continues, but I wouldn't encourage the general investing public to do the same. If the fines play out in a "worst case scenario" then TD's stock could be down for a period of many years. The Toronto-Dominion Bank NYSE: TD TSX: TD:CA ) stock was in a freefall during today's trading hours, as details regarding the Department of Justice's probe of the company's alleged fentanyl money laundering made their way through the media. Months ago, news broke that TD's First Horizon FHN ) deal was cancelled due to allegations of aiding money laundering by unnamed drug cartels. Earlier this week, TD announced that it had booked a $450 million charge related to that investigation. Yesterda
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TD
News
- Bank execs summoned to House of Commons environment committee [Investment Executive - News]Investment Executive - News
- Bank chief executives summoned to House of Commons environment committee [BNN Bloomberg (Canada)]BNN Bloomberg
- Bank chief executives summoned to House of Commons environment committee [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why this money manager believes markets will end the year higher [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Toronto-Dominion Bank (TD) Stock Moves -0.02%: What You Should Know [Yahoo! Finance]Yahoo! Finance
TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B3
- TD's page on the SEC website