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Monday, November 21, 2016
TD Bank in play?
About a month back, we were told by our branch they are closing and we need to move our safe deposit box from there. Looks like they are consolidating a lot of branches. For what? Getting ready for an acquisition? Look at the stock price movement too. Even if they don't get taken over, this will make an already profitable bank more profitable, and by all accounts banks are expected to do better in a higher interest environment. Find the story interesting? I do too. I expect this to be another case where I can be thankful to Peter Lynch and his book, "One up on Wall Street."
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