TSE:TD

Toronto-Dominion Bank (TD.TO)

158.12
+0.09 (0.06%)
as of Jun 5, 2026, 6:46:42 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 64 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has demonstrated significant recovery over the past year following its past money laundering scandal. Although the bank has recorded strong earnings and benefits from a robust Canadian economy, many analysts consider its current valuation to be on the higher end, with price-to-earnings (PE) ratios reaching levels beyond historical norms. Despite the impressive stock performance, experts suggest that the valuation may now be too rich, prompting some to recommend trimming positions or waiting for a more favorable buying opportunity. While TD maintains a strong position within the Canadian banking sector, growth prospects remain constrained, particularly in the U.S. market due to regulatory issues. Overall, while the outlook for TD remains positive, caution is advised due to potentially high valuations and limited growth avenues.

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Consensus
Hold
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Valuation
Overvalued
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RY, RY
TOP PICK
Likes it for its US strategy through Bank North. Has under performed its peers and is trading at a discount and has a better earnings outlook than the other banks.
WEAK BUY
His choice would be the Canadian Bank of Commerce (CM-T) in that, if there were any positive surprises to come, it is likely to come from the trading/revenue side which CIBC is more exposed to.
TOP PICK
Under $57, it's a great long-term value. An extremely profitable retail bank. Fairly low risk.
DON'T BUY
Canadian banks US assets are not doing well and this includes TD’s Bank North acquisition. Expecting more write-offs because of this. (US banks are trading at lower multiples than Canadian banks because the Canadian banks are much more profitable and more stable.)
BUY
Likes the way they have restructured the assets. Has been under a little bit of pressure recently because of a bit of a miss on the last quarter. Good price.
BUY
Likes their international moves. Prefers bank of Nova Scotia (BNS-T) due to their Latin American assets. At worst, the banks will be grindingly boring through the rest of the year. Worth holding.
PAST TOP PICK
(A Top Pick May 30/05. Up 9.2%.) Likes the banking sector. This is his favourite. At a good price.
BUY
Really likes their strategy in respect to its US operations. The TD Waterhouse with its merger is very well positioned. Online trading is going to be a growing factor.
HOLD
Canadian banks are expensive compared to their global peers. Likes the way this bank has operated. Likes the makeup of their business.
BUY
A little more leveraged to the trading game so they are a proxy for the equity markets. Short-term, the banks are overvalued, interest rates have hurt them and the yield curve has flattened but overall Canadian banks are still a fundamental buy.
BUY
Likes their retail strategy very much. Less vulnerable to recession. Good valuation.
DON'T BUY
A little bit worried about their US discount brokerage business. When the market falls like it did in the spring in the US, people trade less. There are a lot of problems in the US economy which makes their US assets worth less.
HOLD
Rate of return will be high single digit/low double digit, if bought and held for 5 years. This includes dividend and the rest from capital gains. Good price.
TOP PICK
Has been quite weak lately. Getting squeezed on rates in the US through their Bank North asset. If it keeps its premium multiple, it should be $70.
DON'T BUY
Corporate finance had a pretty good run, so they had a good quarter. Pretty close to its 55-year valuation high, so it's not cheap. Long-term, Canadian banks have terrific quality balance sheets.
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