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
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.
BUY
Likes the banks in general. Favourites are this and Bank of Montreal (BMO-T) as they are the cheapest.
BUY
Management has done a good job in reducing the risk profile in the last several years. Their new acquisition, Banknorth Group will give them a US growth platform. Valuation is still reasonable at 12 1/2 X earnings. 3% yield.
BUY
There's always a risk with making US acquisitions, so will wacth this one. Generally he's a fan of the CEO and what he's done at the bank. Taken a lot of the risk out of the bank, educing the loan portfolio, moved more into a retail environment and stabilized the earnings.
TOP PICK
Enthusiastic about the changes put into play over the last couple of years in terms of risk management on the corporate side and also developing the retail side. Feels their entry into the US is a very prudent way of entry. 12 X earnings. 3% or so of dividends. Has decengt growth.
TOP PICK
Valuation looks attractive. Trading at an average multiple and over time it should get back to a premium multiple. Likes the acquisition in the US although it comes with some risk.
PAST TOP PICK
(A Top Pick Nov 18/04. Down slightly.) Likes their US Banknorth acquisition which is going to give them a good foray into the US market.
BUY
You could buy BankNorth shares, but owning TD is a better way to go. Not sure that TD's shares will bump up on this acquisition, more likely after BankNorth completes its acquisitions.
BUY ON WEAKNESS
Management team is the best in the business. They have a defined strategy of growth for the US. Short term will be difficult as valuations of financials in the US are at a premium so it will be hard to do accretive acquisitions. Longer term there will be some attractive assets come up. Can grow around 10%. Wait for a pull back.
TOP PICK
Not expensive and pays a good dividend. Has a great wealth management business. 2nd best Canadian retail franchise. Going into the US through Bank North is very risk averse and makes a lot of sense in the long term.
TOP PICK
Biggest challenge for banks is how to grow revenue. TD has gone outside of Canada and bought a 51% stake in Bank North. This has created a platform in the US to continue to grow and increase revenues. Of all the 5 banks, TD and Bank of Nova Scotia have the most amount of cash on their balance sheets.
HOLD
Doing well in their retail banking. Good management.
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