TSE:TD

Toronto-Dominion Bank (TD.TO)

170.36
+2.46 (1.47%)
as of Aug 5, 2026, 2:30:58 pm Market Open.
2222 watching
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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.

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Consensus
Caution
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Valuation
Overvalued
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Similar
RY
BUY
Any one of the Canadian bank should be your long term core holdings. This and CIBC (CM-T) is one of the exciting banks, but not necessarily a stable one for cautious investors. Has 2 good US acquisitions. Would be a good holding along with a more stable bank holding.
TOP PICK
Banks are mispriced assets. His model price is $65 which is well over a 20% differential. Over the last couple of years, his model price has constantly moved up with all the banks. Pretty well likes all the banks except for the Commerce (CM-T). There's a buying opportunity. 3% yield.
BUY
Probably a better buy now with the Ameritrade transfer. Any one of the bank stocks are OK.
BUY
Exceptional. Very strong leadership. Likes the way they have entered into the US market. Will continue to perform well on all metrics.
BUY
One of his core holdings. Likes what management has been doing. Got TD Waterhouse sorted out. Now have a proxy operating for them in the north east US giving them access to takeovers.
BUY
Financials have rallied because interest rates have stayed stable. The question is will bank stocks get cheaper when interst rates rise. Doesn't thinks so because they are still trading at reasonable valuations of 12/13 X earnings. You are still earning 3/4%.
TOP PICK
An extremely well run bank. Likes their strategy of looking into the US and making 2 excellent deals, TD Waterhouse and Ameritrade as well as the BankNorth which will do tuck-in acquisitions, step by step.
TOP PICK
Quietly, without a lot of fanfare has developed the best US strategy of all the Canadian banks. The Ameritrade transaction is going to be very positive. The BankNorth looks to be a very good incremental strategy to increase the exposure to retail in the US.
TOP PICK
On a longer term view, they have a great strategy in the US. Doing a great job in building their retail franchise.
PAST TOP PICK
(A Top Pick May 16/05. Up 8.5%.) Likes the US Hudson United acquisition by Bank North. Good strategy. Long term outlook is good. Would buy on weakness which will only happen on market weakness.
DON'T BUY
Canadian banks are performing much better than US banks, partially due to better dividend yields. Feels there are better places to be than in banks. He holds some, but only for their consitancy.
BUY
Likes the industry. There is the long term growth of financial services in asset management, insurance, retail banking and discount brokerage. Good management. The US BankNorth acquisition will be a good one. Over 3% dividend yield which is competitive with bonds.
TOP PICK
Likes what management is doing. Good value. Have a lot of capital, so can buy back shares, raise dividends, etc. Pleased with their TD Waterhouse deal in the US. Their execution with their US BankNorth will be critical, but will help the company grow over the long term.
TOP PICK
Great management. Have turned it around. Getting back to the retail side in Canada. In the US has a great venture with Ameritrade which will add considerable value overall. The BankNorth situation makes a lot of sense.
COMMENT
Between Bank of Nova Scotia (BNS-T), Royal (RY-T) and Toronto-Dominion (TD-T), TD would be his 1st choice. It has a better valuation and its ROE is quite high. Royal would be his next pick because the ROE growth is spectacular.
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