TFSL Pop! Anyone know why?

Investment Analysis Clubs Jim Royal
1

I assume it was related to the mutual stockholders waiving their rights to the dividend.

2

Perhaps, but that waiver vote has been taking place since at least 2016, and I don’t recall it having any effect on share price. Others more knowledgeable will chime in.

3

I agree - it’s not logical, but the timing is such that it seems related.

4

Look at the $KRE or regional banks for some ideas on why

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5

Yes, it’s broader-based in the regional banks. Yield curve is becoming steeper (lower short-term yields and less low longer-term yields), and that tends to be favorable for banks.

Jim

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