TSE:TD

Toronto-Dominion Bank (TD.TO)

170.11
+2.21 (1.32%)
as of Aug 5, 2026, 7:25:27 pm Market Open.
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 56 opinions in the last 12 months.

The Toronto-Dominion Bank (TD) has experienced remarkable growth in the past year, recovering from past penalties and regulatory challenges. Analysts highlight its well-positioned status within the Canadian banking sector, benefiting from AI investments and a favorable regulatory environment. Despite the impressive performance, there are concerns about its high price-to-earnings (PE) ratio, which is currently above historical averages, prompting some experts to suggest trimming positions. Many consensus opinions indicate a cautious outlook due to the overvaluation, signaling potential profit-taking opportunities. Overall, while TD is seen as a strong, solid bank with good long-term prospects, expertise suggests waiting for a better entry point or considering other investment opportunities in the current market climate.

consensus icon
Consensus
Caution
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Valuation
Overvalued
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Similar
RY
BUY
Likes this bank. Canadian banks have no US sub-prime mortgage exposure. There is now a big valuation spread between the two. Could be at a point where Canadian banks may be sold in order to buy US ones.
BUY
Banking sector has had a great run in the last 3 years. Expects this year will be a dividend plus 3%-4% year giving a 7% to 8% return. This one has a slightly better retail branch operation.
COMMENT
Its US subsidiary, Bank North, will benefit from the conservative nature of its Canadian parent’s lending practices and shouldn't be hit as hard by sub-prime and prime mortgage problems.
COMMENT
Believes they do have exposure, through their US Bank North, to sub prime mortgages. This could be affecting them in the short-term.
COMMENT
Likes the banks in general, but this one wouldn't rank as high as some of the others. Have more problems in the US than some of the others. Prefers Bank of Nova Scotia (BNS-T), which has more growth potential because of its Caribbean and Latin American exposure.
PAST TOP PICK
(A Top Pick Dec 7/06. No change.) Worries about interest-rate cuts and bad debts held the stock back. He still likes and would buy.
TOP PICK
Excellent quarter. Well-managed. At current price, his target would give you 10%-11% plus the dividend for a total of 13%-14%. Good entry point.
COMMENT
Investors are looking at this one because of their expansion into the Northeast US through TD Bank North. Earning an extraordinarily high ROE at the present time. Its profile is more retail than a lot of the banks. He prefers other banks.
COMMENT
Earnings growth on Canadian banks looks good, but the valuations relative to US and global banks have crept up considerably. If he had to pick one bank, this would be the one because of their domestic business, which continues to be strong.
PAST TOP PICK
(A Top Pick Nov 15/06. Up 3.8%.) Would still be his favourite of Canadian banks. Still doesn't have their US Bank North firing on all cylinders but is starting to turn around.
COMMENT
At about the midpoint in the range of valuation for Canadian banks. Royal (RY-T) and Bank of Nova Scotia (BNS-T) are his favourites, followed by CIBC (CM-T). This Bank would be his 4th pick.
COMMENT
Long-term outlook for Canadian banks in general is excellent. This is one of the better run ones. Returns on their US Bank North have been low and they have changed management and will be able to build on it.
BUY
Model price is $73.73, a 9% positive differential.
BUY
His favourite. Out of favour having lagged the others with their troubles with US TD Bank North, which got squeezed on margins. Bank North is a small percentage of their assets and is an easier fix.
WEAK BUY
Everyone should have bank representation and this is a good one to own. Feels there’s better valuations in banks outside of Canada.
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