TSE:TD

Toronto-Dominion Bank (TD.TO)

175.27
+2.46 (1.42%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 58 opinions in the last 12 months.

Experts have expressed mixed sentiments regarding Toronto-Dominion Bank (TD), with many acknowledging its recovery from previous money laundering issues, yet flagging the bank's current high valuation. While TD has shown solid growth in wealth management and capital markets, concerns about overvaluation persist, particularly with a PE ratio significantly above historical norms. Many analysts have suggested trimming positions, taking profits, or being cautious about new investments until a healthy pullback occurs. There are also questions about the bank's future growth trajectory, especially given the caps on its US expansion and the sluggish performance of its core retail banking sector in Canada. Despite these concerns, several experts maintain a positive outlook on the bank's long-term prospects, especially as it adapts to its regulatory environment and focuses on improving its US operations.

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Consensus
Overvalued
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Valuation
Overvalued
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Similar
RY
BUY
Banks are a relatively good place to be. Earning extremely good return on equity. Capital investment market has been fairly strong. Not as interest sensitive as they used to be. Good dividend yields. Recently made an offer to Buy in the rest of their US asset, Bank North. Slowdown in the US could be a concern,
TOP PICK
Has been the under performer in banks because of concerns of their US holding, Bank North. This is turning around, making acquisitions, etc. Expect earnings will increase next year. 2.8% dividend could be increased.
BUY
The cheapest bank in terms of current valuation. Good yield. One of his favourites. Likes that they have taken over management of their US Bank North subsidiary.
BUY ON WEAKNESS
Banks are great long-term investments. Historically they increase their dividends every year. In the short term, this one could be in for a little bit of rocky road because of their US Bank North holdings. This is probably the best run Canadian bank long term.
TOP PICK
(A Top Pick Aug 10/06. Up 13.7%) Has moved, so it’s probably average for the rest of the group, but feels it’s the best bank. US side is slowly turning around. Looking for 11%-12% total return.
BUY
Banks are going to do OK. Feels rates are going to stay the same giving them leeway to raise dividends, which is the reason to own them. Royal (RY-T) and Toronto Dominion (TD-T) are the biggest retailers, so have the highest margins.
BUY ON WEAKNESS
One of the top 2 banks in Canada. Excellent retail franchise. US operations created some market concerns, but only represents 14% of earnings. Up 5%-6% in the last week because of income trust issues. Expect financials to roll back a little bit.
BUY
Their US subsidiary, Bank North, has been disappointing. Have had a change of management. Still likes this bank overall.
PAST TOP PICK
(A Top Pick Aug 21/06. Up 5.8%.) They are having some issues on earnings from their US operations.
WEAK BUY
It would rank 4th out of the 6 banks that he looks at, but it is part of a group of interest sensitive, high ROE, stable companies. Prefers others.
TOP PICK
Bank North earnings have not been great because of margin squeeze. CEO is being replaced. TD Ameritrade is doing well on high trading volumes. 2nd biggest retail bank in Canada with a very strong position in mutual funds. 3% yield.
BUY
You do well holding this in your portfolio along with other banks.
WEAK BUY
Bank space is a less attractive than some of the other spaces. A little concerned about the news of BankAmerica giving free online trades. You probably won't get hurt and they do give a nice yield. Would prefer a bank with more global exposure.
BUY
Generally likes the banks. Payout ratio in terms of dividends to earnings, is only 40% so they still have room to increase dividends. This one has more exposure to the US which will have a slower growth due to competition.
BUY
Three favourite banks are the Commerce (CM-T), Toronto Dominion (TD-T) and the Royal (RY-T)
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