I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I worked at TD, residential secured lending. We would submit an application in branch and it would be rejected. The same client would go to a broker and TD would approve it. Difference was falsified income statements. If you breakdown the loans to initial documents, over a third are high risk. This is for all banks throughout Canada
This guy hasn't a clue about the Canadian Market or any Canadian investment vehicles. He spoke of a CD which is the American equivalent to our Canadian GIC. The young lady knew nothing of either because she did not comment or inform her guest. Still, a good discussion. I'm watching for a bottom for TD in the weeks and months ahead and then buying more. Our Canadian Banking system is regulated fairly, protects investors within reason and sticks with solid gains over time, and increasing dividends. Heaven, if you ask me.
TD has a free cash flow of -92.4 B of the last trailing 12 months. Why is that and What does that mean for the stock? All the other major Canadian banks have 4-17 B except for national bank of canada at -2B. I am new at analyzing and researching stocks and investing. Everyone is always telling me to look at free cash.
I AM SUrprised about the scenario of TD BANk. As a lender, in my days there, it was very conservative and they wanted low risk lending to those who had good credit bureaus, good job stability, good balance sheets and income. Today, it seems like the lending is highly focused in markets like VAncouver & TORONTO. The housing bubble will clobber their books should rates rise. This looks like policy makers will take a cautious stance on increasing rates but the bond market may save the day in keeping the MTG Rates steady for now. GOLD and SILver have really rallied so there is something happening now globally. Stay tuned!
I always thought of TD in high regard for years/decades until.....that issue over the Hudson in The Bronx at TD branches there, where my checks were manipulated and copied into fake checks and they let the perp / female, whether inside job or not they let the perp cash those checks without verification, warning or thorough scrutiny. So my local branch manager was very courteous yet I was stern and extremely disappointed I received all funds back immediately. So you see my point? TD was a solid, clean comfortable bank in my eyes. Thank you TD bank from a U.S. citizen and long term customer New Jersey🇺🇸
It is common knowledge that both the FDIC and the CDIC only have the capacity to cover something on the order of 1% to 2% of deposits in both the United States and Canada, and in the United States, the FDIC is already seeking government and Federal Reserve bailouts with only two banks failing so far, which is a drop in the bucket of the potential deposits that would need to be covered if a significant number of banks fail.
No bank can operate in isolation, regardless of the rules put in place by the host countries. They intertwine and are all affected by any banking crisis, regardless of the bank. The only difference is their exposure to a given product. Do you really believe that the collapse of the American housing market in 2008 did not affect banks in Canada? You have to be asleep to believe it.
With $3.7 billion on the line, it's no surprise that investors are keeping a close eye on the stock. It will be fascinating to see how this plays out in the coming weeks and whether the bank will be able to turn things around.
First off. Great analysis. TD has been under pressure because of that overpriced bank buyout south of the border. TD line the other 5 big Cdn banks up here aren't stupid. They'll try to either cancel this deal or lower the price per share. If THAT happens, you'll see the stock jump and those 3 to 4 % shorts get caught offside. Ps. I own BNS and ENB. Both stable, rising dividends and they are interlisted in both the usa and canada.
TD Bank just BANNED Me from ever using the bank again because the company I use to work for Direct deposited 30.000 dollars from my IRA. I called the Bank branch and No One had a clue what had happened and they refused to help me or give me a phone number of anyone who might.
Very concerning! Debt to disposable income at all time high for Canadians at over 1 to 1.80 plus. We are in the middle of very disturbing sequence of events in the economy.
Wow. Please never interview that person on Bloomberg ever again. His great insight as to why TD is being shorted is because it has links to Charles Schwab? Just a bunch of tacky one-liners he learned from watching CNBC.
Why not start with posting a 20-year chart to get an idea just how inflated this stock is and how exposed this bank is to the housing bubble in Canada. It’s a long way to the depths of the trough, will take investors with it.
Also law suits and billionaires on social media knew what others did not know! Also who actually owns it, not just the short sellers who borrow stock but please do an actual story about the prominent business men and political figures that does own it. ASAP please! Thanks!
TD is the worst in lending even with revenue of business for years. As a former investment banker and serving in corporate securities in the 90s. Yes things have changed however basics remain the same . There are few reasons however lending practices need to change. By the way TD bank is not as big since it mostly operates in North America. The loan structure needs to change in post COVID era. Lending amount, requirement, credit score all need to change.
TD Bank, short for Toronto-Dominion Bank, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. It is one of Canada's largest banks by assets and market capitalization, and it provides a wide range of financial products and services to individual, commercial, and corporate clients. TD Bank operates in several countries, with a significant presence in the United States through its subsidiary, TD Bank, N.A. TD Bank offers services such as personal and business banking, mortgages, loans, credit cards, investment management, wealth management, and insurance. It is considered one of Canada's "Big Five" banks, along with the Royal Bank of Canada (RBC), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), and Bank of Nova Scotia (Scotiabank).
If the housing market tanks the bank can repossess the houses. They will have been paid some portion of the cost already along with the interest and can then sell the house again. How do they lose there?
They don't often lose, but when they do, it gets pretty ugly. Here are a few things to consider: 1. When banks sell houses they are usually sold below fair market value. By the time a bank repossesses a house, it is typically in pretty bad shape. When a home owner loses their house, they can understandably be bitter. I have seen home owners strip things like copper wiring out of the walls, rip out kitchen cabinets, take out all the windows, etc... 2. If the housing market is weak, it can lead to even larger discounts. Houses are illiquid assets and can be a challenge to sell if the housing market is declining. Banks liquidating houses don't want to keep it on the market for long periods. 3. Although the bank isn't going to pay the same fees as a person selling their own home, there are significant legal fees to repossess and sell foreclosed assets. 4. Housing prices (and most other real estate) are negatively correlated with interest rates. As interest rates increase, the interest portion of mortgage payments increases substantially which will reduce the overall price people can afford. 5. Although many households are getting squeezed, it could get much worse. If interest rates remain high, many more mortgages which are currently locked into low rates available during COVID are going to reprice at a much higher rates. This would intensify the downward pressure on the real estate market. The 1980s were brutal in Alberta, and the 90s had a massive crash in the housing prices in Toronto. If we saw similar declines in property prices, banks can lose big time. Hope this helps.
If TD makes an 800,000 mortgage on a house worth 1,000,000 and the value drops to 700,000 with a delinquent borrower they lose. Selling homes costs money and in some market can take 60-90 days or even a year
Holding your nose to buy a failing bank is the worst advice lol... i can sit in cash and make 5%, i could take a risk on somthing easier like healthcare... why do i have to dive into the bank sector lol
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
What kind of guest is this? A know-nothing guest? You don't buy a stock for the sake of short term fluctuation. You look at the underlying company to see how well it will do in the future. Schwab was and still is grossly over priced in its stock price. Just look at its PE ratio. Completely unjustified. Most regional banks have insane valuation. Their stock price coming down is just to align with the valuation of large banks. No more no less.
Fiat currency is the problem , trillions of dollars of Monopoly money circulating is the Enron type scandal. Hyperinflating your stock value with funny money is not good.
@@armoproduction8424”America’s most convenient bank” yet they always have one teller and a 30-40 person line. The customer service is terrible here in the states.
Tdbank is the most fucked up outfit I've ever had the displeasure of enduring. After being a customer for almost 20yr I am happy to quit them forever. Do yourself a favor and use your local bank
Truth is.. in Canada, Ted bank was very good until they bought Canada trust . Then they lost customers because of the rude behavior towards their customers. They got so bad that the only way to get their reputation back, was to move to the states and start their trading platform there. In America, they are used to lower standards, so techad met tgat well and did well. Ted is rude and hated in Canada, so it’s an easy short.
Really? I live at Toronto and bank at TD. I am not sure what planet you are in. I agree TD's technology (easyweb, webbroker, mobile app...) is decade behind than American counterparts. Wish they could bring the Daytek,Ameritrade, thinkorswim platform over. That is what I say they are decade behind. But as for service, I don't see anyone hate them as you described.
Canada was once The Dominion Of Canada, before dropping ‘dominion.’ Because of Star Trek, they should have kept Dominion rather than the treacly bromide ‘Canada.’
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@ElijahOliver-t9u That's actually quite impressive,...
@@magen-b7n That's actually quite impressive,
You can look her up online
@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I worked at TD, residential secured lending. We would submit an application in branch and it would be rejected. The same client would go to a broker and TD would approve it. Difference was falsified income statements. If you breakdown the loans to initial documents, over a third are high risk. This is for all banks throughout Canada
Can confirm, was in the same position. Lots of garbage on the books.
Interesting TD is very poor in lending. Especially in post COVID world
This guy hasn't a clue about the Canadian Market or any Canadian investment vehicles. He spoke of a CD which is the American equivalent to our Canadian GIC. The young lady knew nothing of either because she did not comment or inform her guest. Still, a good discussion. I'm watching for a bottom for TD in the weeks and months ahead and then buying more. Our Canadian Banking system is regulated fairly, protects investors within reason and sticks with solid gains over time, and increasing dividends. Heaven, if you ask me.
The guy is probably shorting TD. Im buying the discount.
TD has a free cash flow of -92.4 B of the last trailing 12 months. Why is that and What does that mean for the stock? All the other major Canadian banks have 4-17 B except for national bank of canada at -2B.
I am new at analyzing and researching stocks and investing. Everyone is always telling me to look at free cash.
Very good summary. Some UA-camrs are going to make a 1 hour video about this 😂
I AM SUrprised about the scenario of TD BANk. As a lender, in my days there, it was very conservative and they wanted low risk lending to those who had good credit bureaus, good job stability, good balance sheets and income. Today, it seems like the lending is highly focused in markets like VAncouver & TORONTO. The housing bubble will clobber their books should rates rise. This looks like policy makers will take a cautious stance on increasing rates but the bond market may save the day in keeping the MTG Rates steady for now. GOLD and SILver have really rallied so there is something happening now globally. Stay tuned!
CD = GIC. No, we don't do CDs in Canada.
It is named after toronto, the biggest housing bubble in the world.
Does TD Bank has anything related to TD Ameritrade ?
@@Funktastico Theyre moving our accounts away from TD in a few weeks.
Nah that’s Vancouver
Toronto = Chicago at San Francisco prices
Vancouver = Seattle at San Francisco prices
✝️⏰
I always thought of TD in high regard for years/decades until.....that issue over the Hudson in The Bronx at TD branches there, where my checks were manipulated and copied into fake checks and they let the perp / female, whether inside job or not they let the perp cash those checks without verification, warning or thorough scrutiny. So my local branch manager was very courteous yet I was stern and extremely disappointed I received all funds back immediately. So you see my point? TD was a solid, clean comfortable bank in my eyes. Thank you TD bank from a U.S. citizen and long term customer New Jersey🇺🇸
Dumb
It's a One Sign and thats down, any move up is just a rally... Perhaps a buy at the end of the year.
It is common knowledge that both the FDIC and the CDIC only have the capacity to cover something on the order of 1% to 2% of deposits in both the United States and Canada, and in the United States, the FDIC is already seeking government and Federal Reserve bailouts with only two banks failing so far, which is a drop in the bucket of the potential deposits that would need to be covered if a significant number of banks fail.
The answer is on the amount of derivatives in the Bank with the largest exposure to the Canadian and US real estate.
No bank can operate in isolation, regardless of the rules put in place by the host countries. They intertwine and are all affected by any banking crisis, regardless of the bank. The only difference is their exposure to a given product. Do you really believe that the collapse of the American housing market in 2008 did not affect banks in Canada? You have to be asleep to believe it.
With $3.7 billion on the line, it's no surprise that investors are keeping a close eye on the stock. It will be fascinating to see how this plays out in the coming weeks and whether the bank will be able to turn things around.
First off. Great analysis. TD has been under pressure because of that overpriced bank buyout south of the border. TD line the other 5 big Cdn banks up here aren't stupid. They'll try to either cancel this deal or lower the price per share. If THAT happens, you'll see the stock jump and those 3 to 4 % shorts get caught offside.
Ps. I own BNS and ENB. Both stable, rising dividends and they are interlisted in both the usa and canada.
I see optimism here.
How's that going for you?
We have our mortgage through TD here in Canada. Will that affect us?
Someone else would service it if they failed and were taken over
No.
In Canada the cd is like a gic, short term to longer term
They made an offer for an insolvent bank and the offer was far too large. Just escaping it will cost a hundred million.
Just run a money printer in the basement for the whole week, no problem
TD Bank just BANNED Me from ever using the bank again because the company I use to work for Direct deposited 30.000 dollars from my IRA. I called the Bank branch and No One had a clue what had happened and they refused to help me or give me a phone number of anyone who might.
I'm happy enough with TD. It's 2024 now and they continue to pay out a decent dividend.
One attentive look will show that td bank lags with rates when paying customer and not so when it charges one.( GIC and mortgages).
Very concerning! Debt to disposable income at all time high for Canadians at over 1 to 1.80 plus. We are in the middle of very disturbing sequence of events in the economy.
So buy depressed bank stocks?
Wow. Please never interview that person on Bloomberg ever again. His great insight as to why TD is being shorted is because it has links to Charles Schwab? Just a bunch of tacky one-liners he learned from watching CNBC.
Invest in Berkshire Hathaway. All the rest in financials is risky and possibly already insolvent by securities held in the Hide to maturity section.
Why not start with posting a 20-year chart to get an idea just how inflated this stock is and how exposed this bank is to the housing bubble in Canada. It’s a long way to the depths of the trough, will take investors with it.
Lol, explaining what CD is to a Canadian audience.
Heaven forbid he bring up the FHLB.
This could cause BOC to pivot
What’s?
RBC,TD,CIBC,Scotia,BMO biggest banks in Canada
Also law suits and billionaires on social media knew what others did not know! Also who actually owns it, not just the short sellers who borrow stock but please do an actual story about the prominent business men and political figures that does own it. ASAP please! Thanks!
Vivek Ramaswamy for President, Young, brilliant mind, with a conservative platform that is outstanding. "With a name like that he has to be good" .
😅😅😅
The other issue is that the Canadian dollar buys shit little anything
TD is the worst in lending even with revenue of business for years. As a former investment banker and serving in corporate securities in the 90s. Yes things have changed however basics remain the same .
There are few reasons however lending practices need to change.
By the way TD bank is not as big since it mostly operates in North America. The loan structure needs to change in post COVID era. Lending amount, requirement, credit score all need to change.
TD Bank, short for Toronto-Dominion Bank, is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. It is one of Canada's largest banks by assets and market capitalization, and it provides a wide range of financial products and services to individual, commercial, and corporate clients. TD Bank operates in several countries, with a significant presence in the United States through its subsidiary, TD Bank, N.A.
TD Bank offers services such as personal and business banking, mortgages, loans, credit cards, investment management, wealth management, and insurance. It is considered one of Canada's "Big Five" banks, along with the Royal Bank of Canada (RBC), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), and Bank of Nova Scotia (Scotiabank).
Is this affiliated with TD Ameritrade? If so, how will TD Ameritrade be affected by TD bank?
It's not like 2008...No it's much worse !!!
Good. More fear and I will buy more.
If the housing market tanks the bank can repossess the houses. They will have been paid some portion of the cost already along with the interest and can then sell the house again. How do they lose there?
They don't often lose, but when they do, it gets pretty ugly. Here are a few things to consider:
1. When banks sell houses they are usually sold below fair market value. By the time a bank repossesses a house, it is typically in pretty bad shape. When a home owner loses their house, they can understandably be bitter. I have seen home owners strip things like copper wiring out of the walls, rip out kitchen cabinets, take out all the windows, etc...
2. If the housing market is weak, it can lead to even larger discounts. Houses are illiquid assets and can be a challenge to sell if the housing market is declining. Banks liquidating houses don't want to keep it on the market for long periods.
3. Although the bank isn't going to pay the same fees as a person selling their own home, there are significant legal fees to repossess and sell foreclosed assets.
4. Housing prices (and most other real estate) are negatively correlated with interest rates. As interest rates increase, the interest portion of mortgage payments increases substantially which will reduce the overall price people can afford.
5. Although many households are getting squeezed, it could get much worse. If interest rates remain high, many more mortgages which are currently locked into low rates available during COVID are going to reprice at a much higher rates. This would intensify the downward pressure on the real estate market.
The 1980s were brutal in Alberta, and the 90s had a massive crash in the housing prices in Toronto. If we saw similar declines in property prices, banks can lose big time.
Hope this helps.
If TD makes an 800,000 mortgage on a house worth 1,000,000 and the value drops to 700,000 with a delinquent borrower they lose.
Selling homes costs money and in some market can take 60-90 days or even a year
Holding your nose to buy a failing bank is the worst advice lol... i can sit in cash and make 5%, i could take a risk on somthing easier like healthcare... why do i have to dive into the bank sector lol
Why should share holders have to pay for criminal activity.. the CEO is responsible
The kind of guy who shows up at Niagara Falls CBS in July with skies.
Questionable service fees and deposit to released funds ratio when it comes to paycheck deposits. TD has some shady practices
Guess what happened they have faulted on everyone’s paycheques today
Uhhh, I have RRSP’s invested with TD in Canada, should I start switching?
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
You will be fine. If anything, buy some TD stock while people are fearful.
this is stupid. he is confusing the liquidity of individual investors vs. liquidity of bank. bank do not put their cash in CDs
What kind of guest is this? A know-nothing guest? You don't buy a stock for the sake of short term fluctuation. You look at the underlying company to see how well it will do in the future. Schwab was and still is grossly over priced in its stock price. Just look at its PE ratio. Completely unjustified. Most regional banks have insane valuation. Their stock price coming down is just to align with the valuation of large banks. No more no less.
You are assuming it will be around in a year. Depends on your outlook.
I agree he probably was the only guest who accepted
Buy Schwab before it goes up,
People need to pay attention to the rumours going around.
stay focused on topic of TD Bank...Stop badmouthing about Schwab which was not even the discussion !!!
TD holds a huge stake in Schwab lol
TD owns around 10% of Charles Schwab
THE FED NEEDS TO GO ALL THE WAY DOWN , BANKRUPT ! ! !
Fiat currency is the problem , trillions of dollars of Monopoly money circulating is the Enron type scandal. Hyperinflating your stock value with funny money is not good.
I do not know if is going broke but that is the worse bank as far as service and complications I have ever deal with.
Really? I find they’re customer service to be amazing
@@armoproduction8424”America’s most convenient bank” yet they always have one teller and a 30-40 person line. The customer service is terrible here in the states.
@@salvatoreregalbuto5444 ohhh I’m in Canada that’s probably why
They have to define what a CD is “for our audience”?? It’s Bloomberg TV 😂
Yea, I don't think she needed to inturrupt him like that, just to have him explain what a CD is.
Im gonna pull all my money from td bank
Tdbank is the most fucked up outfit I've ever had the displeasure of enduring. After being a customer for almost 20yr I am happy to quit them forever. Do yourself a favor and use your local bank
I was warning people about this a year ago people used to laugh at me. I was laughing now you guys didn’t see nothing yet
Fed central bank can eliminate small banks and keep few big banks.Later change for digital currency system
no
He at least explains better than he focuses his camera
This is crazy capitalism Hope the Banque du Canada steps in an squeeze gridies
I am worried many of the Canadian banks will go same way as SBF’s FTX bank.
Different from bank to bank
Down 3 percent shit that looks still expensive
Hey guys, Can anyone help? What is the bank he is mentioning on minute 5:04? Thanks
@@bkdmd5352 thanks heaps!
BUY at the BKX = covid lows ... down 30% from here
Truth is.. in Canada, Ted bank was very good until they bought Canada trust . Then they lost customers because of the rude behavior towards their customers. They got so bad that the only way to get their reputation back, was to move to the states and start their trading platform there. In America, they are used to lower standards, so techad met tgat well and did well. Ted is rude and hated in Canada, so it’s an easy short.
Really? I live at Toronto and bank at TD. I am not sure what planet you are in.
I agree TD's technology (easyweb, webbroker, mobile app...) is decade behind than American counterparts. Wish they could bring the Daytek,Ameritrade, thinkorswim platform over. That is what I say they are decade behind. But as for service, I don't see anyone hate them as you described.
It's wine-o'clock somewhere.
Sounds like a good opportunity for Wall Street bets to punch short sellers in the face again to force a short squeeze.
SCHW pays .45% interest for their bank savings account...whoopie!
bail out bail out bail out
Canadian TD BANK is going digital and ppl are closing their accounts bcuz of this very slippery slope.
Worst customer service on earth. Enough is enough.can’t stand Td customer service anymore
Time for a Short Squeeze.
Shorting....is nothing....but destroying jobs....but trying to short Canadian bank...
That's lol
TD is not going anywhere.. buy when it bottoms out
ABD.
Everything is fine right? lol
lol
Trump2024
lol good luck with all that, grow up
That's what they want. Only DeSantis can defeat cheat-by-mail.
@@crohmer Yes, grow up and embrace the Nazi police state and their installed puppet. Enjoy the theft of your purchasing power!
He gonna run the country from prison like a true mobster
Life is great. Td is 1 greedy company without any moral. Happy for them😢😂😅
If they collapse, their depositors will be whipped out
i guess banks are easy choice to pair a short right now
no
@@crohmer why not?
Lie
Dass ist doch quatsch .. geht doch immer nur um.die wurst.. aber gay bin ich nicht
The audience doesn’t know what a CD is? 👀
Time to buy a stinking BC ferry ⛴️ load of TD Bank 🏦 stock
Back up the ferry and load her up to almost low water mark
Nice lady
Dominion ? sounds HISPANIC to me
lmaoooOOOOO
Canada was once The Dominion Of Canada, before dropping ‘dominion.’ Because of Star Trek, they should have kept Dominion rather than the treacly bromide ‘Canada.’
It is a bad bank. Waiting in the lobby for over an hour. Nobody come to help. No efficiency at all. Will not use them.
Which branch?
The crisis is over as the lender of last resort has provided unlimited loans (in the US anyway).
Is it?
@@joeissac3934 Well explain how it might not be given that (?).
VRAU.BANI.MEY.CHES
.990
BILLION
./£/DATA.10. APRIL.2023.