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
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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
DON'T BUY
In the aggregate, banks have done very little this year. They are all trading at 55 year valuation highs. There's no fair market valuation support for them to go much higher.
BUY
His favourites among the banks. Valuation is in the middle of the range. Starting to get some decent earnings leverage. Still has the US discount electronic brokerage business which has some corporate activity going on. Likes the moves management has made.
PAST TOP PICK
(A Top Pick Mar 22/05. Up 14%.) The 2nd highest rated bank in his data base.
PAST TOP PICK
(A Top Pick Dec 30/04. Up 6.3%.) Still a favourite bank. The BankNorth is a transforming deal. Looks like they will sell TD Waterhouse and get a good price for it.
TOP PICK
A lot of the risk is out of their portfolio from the lending side. Retail side is doing very well. Would hope that they get rid of TD Waterhouse. Likes their Banknorth strategy for US exposure.
TOP PICK
Canadian banks have been good performers. 1st quarter results were up 22%. Gains are coming from better insurance products, real estate loans and good growth in their retail deposit operations.
TOP PICK
12.4 X this year's earnings. Likes the job they have done converting it into a more conservative retail bank. Also likes their US approach.
TOP PICK
3% dividend. Prefers Toronto Dominion (TD-T), National Bank (NA-T) or Bank of Montreal (BMO-T) over Royal Bank (RY-T) because there are wider differentials between the stock prices and his model prices.
TOP PICK
Very conservative management that is returning the base business to the trust company environment where it's more personal. If E*Trade doesn't go in with Ameritrade, Waterhouse has a good chance of being in there.
BUY
One of her 2 favourite banks. Likes their strategy in the US and Waterhouse.
BUY
Growth in the 10/15% area is quite achievable. Reasonable dividend. Expects the financials will be one of the best performing sectors.
TOP PICK
Has a couple of things going for it. Their new US subsiduary TD Banknorth (BNK-N) gives them good exposure. Ameritrade (AMTD-Q) and E*Trade (ET-N) merger is positive for TD Waterhouse US. Can see $55/56 one year out and with dividend you get a 13% upside.
BUY
Canadian banks keep on growing earnings 8/10/12% and you get paid 3% while you wait. Your total return is going to average around low teens. Financials are probably a little bit expensive as they have done so well. Have a good US acquisition.
DON'T BUY
Has TD Waterhouse which can't quite seem to make much inroad into the US as they want. In terms of retail banking in Canada, they are running 3rd. Their wealth management has never really taken off.
BUY
Canadian banks continue to offer good value on a medium time frame. If we were to see a rapid ratcheting up of interest rates, they would be vulnerable, but this is not expected. The banks offer reasonable value here.
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