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The Toronto-Dominion Bank Message Board

  • mroleandn2000 mroleandn2000 Dec 10, 2012 3:29 PM Flag

    Bank of Canada (Part 2)

    Basel III requirements released today, here's an excerpt.

    "Canadian Imperial Bank of Commerce, Canada’s fifth-largest bank, said last week in a quarterly earnings report its estimated common equity Tier 1 ratio is 9 percent. Toronto- Dominion Bank, the nation’s second-largest lender, said its estimated Tier 1 common equity ratio is 8.2 percent."

    TD falls just short of the minimum requirement of 8.5%, so there's the reasoning behind the share weakness of late, IMO.

 
TD
42.51-0.32(-0.75%)4:07 PMEDT