The Globe and Mail reports in its Saturday edition that TD Bank has been making an impressive comeback this year, while Bank of Nova Scotia is still struggling to regain its footing. The Globe's David Berman writes that TD is up 24 per cent since the start of 2025, leading all of its peers by a wide margin. The gains follow a dismal stretch last year when the lender ran afoul of U.S. regulators over its criminal money-laundering practices. This year's rebound supports the case for ignoring bad news and blindly investing in bank stocks that have fallen out of favour. Scotiabank, however, has trailed peers by 37 percentage points over the past three years alone, on average. And the reward for investors who cannot resist a laggard? More lagging. Scotiabank's share price, though up over the past year, has retreated 5 per cent in 2025. TD has bet big on the United States with a massive retail footprint there. While growth is now capped following last year's settlement with regulators, it is still a market that resonates with investors. Scotiabank, though, has wagered on Latin America, where economic growth is strong but so are the risks. That, plus Scotiabank produced a couple downers in its quarterly results.