TSE:TD

Toronto-Dominion Bank (TD.TO)

158.67
+0.64 (0.40%)
as of Jun 5, 2026, 2:04:35 pm Market Open.
2224 watching
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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
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.
TOP PICK
After they reported their earnings, his quant model showed it had the most differential between his model price and what the stock is trading at. 16% differential of most of all the banks.
PAST TOP PICK
(A Top Pick Dec 30/04. Down 1%.) Bank North acquisition will be a transforming one. 3% yield. Still likes.
BUY
Banks are the cheapest in the financial area based on 12.2 to 12.8 X price earnings.
TOP PICK
They've finalized their partial purchase of Bank North. You're getting primarily a retail bank, with not much downside. With the 3% dividend and a price target of $55 gives a 15% return.
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