© 2026 Arizent. All rights reserved.
For reprint and licensing requests for this article, click here.
The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."
Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023 as these depositories are flush with deposits.
Mostly prime Canadian consumers bolster securitized assets.
The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.
