TD Bank is the biggest bank short as investors bet $3.7 billion against Canada’s second-largest institution

Ouch.

TD Bank, which is Canada’s second-largest financial institution, is the biggest bank short in the world today.

Short sellers are betting $3.7 billion that shares are going to tank, followed by BNP Paribas, Bank of America, and JPMorgan Chase.

TD B

In Canada, the float shorted is less than one percent. In the U.S., it is closer to one percent.

It’s strange because TD Bank has a strong balance sheet and exceptional cash flow.

But why worry when the federal government will bail the bank out anyway!