Is TD the most shorted bank in the world? (2024)

Is TD the most shorted bank in the world?

Reuters reported early in April that TD Bank had become the most shorted bank in the world as hedge funds bet billions of dollars that the institution's share value would fall.

What is the most shorted bank?

TD Bank already made headlines when the Canadian-based financial institution was reported as the planet's most shorted bank back at the beginning of April.

Why is TD the most shorted?

Analysts attributed the short bets to the TD's planned acquisition of U.S. lender First Horizon. The transaction has come under scrutiny since the collapse last month of U.S. regional lenders Silicon Valley Bank and Signature Bank, and some shareholders have urged TD to drop the deal or renegotiate a lower price.

Is TD Bank financially stable?

Is my money safe with TD? TD is dedicated to stability and security, with a longstanding focus on strong risk management and controls and a diverse portfolio mix including total deposits of $361 billion and a loan-to-deposit ratio of 48% as of 12/31/22.

Is TD Bank too big to fail?

In March 2013, the Office of the Superintendent of Financial Institutions announced that Canada's six largest banks, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and Toronto-Dominion Bank, were too big to fail.

Is TD getting shorted?

Toronto-Dominion Bank (TD -0.40%), often referred to as TD Bank, has a very large presence in the U.S. and is now the most shorted bank stock among its peers. Traders have taken $3.7 billion worth of bets against the bank.

Is TD Bank still shorted?

As noted in the report, the short interest is up 50 basis points from a year ago. TD stock is down 8.8% so far in 2023. That compares to a 1.2% increase for the Horizons Equal Weight Canada Banks Index ETF (CA:HEWB), which holds all six of the country's diversified banks.

Should I worry about TD Bank?

Toronto-Dominion Bank (TSX:TD) is one of Canada's safest banks. Going by the common equity tier-one (CET1) ratio — one of the banking industry's most popular risk measures — TD is more able to survive a crisis than most other Canadian banks are.

How safe is TD Bank?

Is TD Bank safe? Yes, TD Bank is FDIC-insured up to the amount allowed by law: $250,000 per depositor, per account.

Is TD Bank safe from collapsing?

Because the First Horizon deal collapsed, TD Bank has billions of dollars of surplus capital, making it “probably the safest bank right now” but also leaving it with no way to spend it, Aiken said.

Which bank is better Chase or TD Bank?

If you enjoy widespread branch accessibility, sign-up bonuses and different account options, Chase may be a suitable choice for you. However, if you don't mind minimal monthly fees and limited branch locations, you should consider TD Bank.

Where is TD Bank ranked?

10. TD Bank. A subsidiary of Toronto-Dominion Bank, TD Bank is one of the largest U.S. banks with over $366 billion in assets and more than 1,100 branches throughout the East Coast and Northeast.

What three banks are too big to fail?

The usual three — State Bank of India among public sector banks and HDFC Bank and ICICI Bank among private banks — found mention in the list. Colloquially, such banks are reckoned as 'too big to fail' and certainly so because they represent over 50 per cent of the country's total banking system.

What are the cons of TD Bank?

Which US banks are too big to fail?

Is TD Bank merging?

Last month, TD Bank and First Horizon abandoned their $13.3 billion merger after failing to receive regulatory approval for the deal.

Is TD Bank undervalued?

Toronto-Dominion Bank is now ranked among the top 25 undervalued stocks included in the S&P/TSX Composite Index. Stocks in this market cap category are held primarily for capital appreciation and/or dividends. Inclusion in a major index means a company ranks among the largest in their market.

Is TD a buy or sell?

Toronto Dominion Bank's analyst rating consensus is a Moderate Buy. This is based on the ratings of 10 Wall Streets Analysts.

Which US bank is TD buying?

TD Bank Group has called off its US$13.4-billion deal to acquire U.S. bank First Horizon Corp., citing regulatory uncertainty around the takeover.

Who is TD banks biggest competitor?

In terms of market capitalization, TD Bank also ranked second in 2023, with its main competitor, Royal Bank of Canada (RBC), holding the leading position.

How much debt is TD Bank in?

According to Toronto Dominion Bank's latest financial reports the company's total debt is $298.37 B. A company's total debt is the sum of all current and non-current debts.

Is there a lawsuit against TD Bank?

Class members had until Monday to legally opt out of or object to the proposed settlement. The class-action lawsuit, launched in 2021, alleges TD unlawfully charged customers multiple NSF fees on a single payment made or cheque issued. TD Bank has denied any wrongdoing or liability and rejected the allegations.

Is TD Bank a good bank for seniors?

Axos Bank, TD Bank, and Regions Bank are the best banks for seniors. Each has checking accounts geared toward senior citizens, with perks like waived monthly fees and discounts on certain loans. Axos is a good option for online accounts, while TD Bank and Regions are strong in-person banks for seniors.

Why is TD Bank so good?

TD Bank offers a great deal of account variety to its customers: savings accounts, checking accounts, certificates of deposit (CDs), money market accounts (MMAs) and IRAs. Some savings accounts include waivable monthly maintenance fees. MMAs even come complete with check-writing capabilities.

Why is TD Bank not FDIC insured?

Yes, a TD Bank account is FDIC-insured up to $250,000 per customer, per account ownership category. This means that even if TD Bank fails, you will eventually be able to recover an individual account's balance up to $250,000.