Tag: TD
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Short bet against Canadian Bank TD increases by 45%
Two weeks ago, Canadian bank Toronto-Dominion (TD) became the world’s most shorted bank. Hedge fund bets against TD hit $4.2 billion. This news raised some concerns for Canadians as hedge funds are clearly shorting TD for some reason. Is it a bet against the Canadian economy? Most analysts agree the short is a sympathy play…
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Thursday Recap: Price Wars Make A Good Acquisition Strategy
Nordstrom beats earnings Shares of Nordstrom surged by over 10% during extended trading Thursday after the company reported fiscal third-quarter earnings that beat analysts’ estimates. Here are the stats: Nordstorm may have beat earnings, but is still suffering the scourage that is upon the sector as a whole. However, the firm has leaned into changing…