TD is Now the Most Shorted Bank in the World
The Canadian Investor
00:00
The Four Things That Are Leading People to Short TD
TD owns around 12% of Charles Schwab, which is seeing some trouble because it also has a lot of help to maturity assets just like Silicon Valley Bank did. The second reason here is they do have quite a bit of exposure to the Canadian housing market through mortgages and especially if employment kind of slows down in Canada that could spell trouble for them over there. And the last one, but not least, TD is one of the 10 largest banks in the US by assets with just under 400 billion assets.
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