TSE:TD

Toronto-Dominion Bank (TD.TO)

175.27
+2.46 (1.42%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
2223 watching
0
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
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.
BUY ON WEAKNESS
No matter what happens to the brokerages mergers, etc, it is positive for TD Waterhouse and it is worth $3/4 a share. Would buy under $53.
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