TSE:TD

Toronto-Dominion Bank (TD.TO)

171.48
+1.11 (0.65%)
as of Sep 18, 2026, 8:00:00 pm Market Open.
2220 watching
0
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.
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.
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