TSE:TD

Toronto-Dominion Bank (TD.TO)

158.24
+0.21 (0.13%)
as of Jun 5, 2026, 2:29:36 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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Similar
RY, RY
DON'T BUY
What happens in the US ultimately works its way into the Canadian market. US banks are having a very difficult time and are down about 7% year to date. Canadian banks have had good yield support, but they really are not making a lot of headway. They are basically trading sideways.
DON'T BUY
Bank stocks are starting to top which is not surprising. The bull market started in 2002 and we are 2 1/2 years into the bull market. That's usually the time bank stocks start to move down.
DON'T BUY
Doesn't like the banks. They have just come off 52 week highs. Historically they always give you a chance to buy at some point and he is going to wait with his hands open at prices he is willing to pay. Wait until they get ugly.
DON'T BUY
Not looking for a lot of great returns on banks over the next year or so. They may underperform the market in general. Earnings growth has slowed. Between Toronto Dominion and Bank of Nova Scotia (BNS-T), TD would be his first choice. Has been restructured into a better retail environment. Bank North acquisition has given them a little bit more growth.
BUY
Feels it will peddle along around this level. Slow, conservative, shouldn't put a foot wrong. Might do OK in the US. A good core holding for a portfolio.
BUY
Using P/E ratios, banks are among the cheapest in the financials. Bank of Montreal (BMO-T) and Bank of Nova Scotia (BNS-T) are the cheapest followed by Toronto Dominion (TD-T) then by Royal (RY-T) and CIBC (CM-T). His favourite is Toronto Dominion. Michael Sprung, of his firm, likes Bank of Nova Scotia and CIBC.
TOP PICK
Model price of $61 which is a 22% differential. Earnings were fantastic. Likes the balance sheet. Cheap.
BUY
Their favourite bankd followed by Royal (RY-T) Has made a lot of good strategic moves with their amalgamation of Canada Trust and acquisition of Bank North in the US.
HOLD
If interest rates start moving up, it won't be a great performer. 3.75% yield. One year target would probably be $55 in a decent market plus the yield would be a 13% return. Downside is probably into the mid $40's.
PAST TOP PICK
(A Top Pick Jan24/05. Up 1%.) They are doing all the right things. Will continue to do well and give a great rate of return.
TOP PICK
His model price is $62.29 which is a 25/26% discount. A screaming buy. Good name. 3% dividend yield. Good conservative bank. Discounted to the other banks.
BUY
In the long run Canadian banks outperform almost any other industry.
BUY
Had a pull back because of the Bank North deal. US residents selling their TD shares they received put short term pressure on the stock.
TOP PICK
In the environment of rising interest rates, the banks are probably well suited to weather the storm. Likes their US BankNorth holding. 12.5 X this year's earnings.Good yield. Also likes Bank of Nova Scotia and Bank of montreal.
BUY
Likes this better than any of the other banks at this tiem. Likes what they are doing on the retail side. Well managed. More of a discount than what it has been.
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