TSE:TD

Toronto-Dominion Bank (TD.TO)

158.03
+1.79 (1.15%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
2224 watching
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 64 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has shown a robust recovery following its money laundering scandal, yielding strong returns this year, with some reports indicating a rise as high as 72%. Despite this positive momentum, many analysts believe the stock is currently overvalued, trading at higher-than-normal P/E ratios—around 14 to 16 times—and above historical averages for Canadian banks. Experts express caution, suggesting trimming positions or waiting for a market pullback before initiating new purchases. The bank’s U.S. operations remain under regulatory scrutiny, limiting growth potential, which adds to the complex outlook for TD. While many hold on to their shares for long-term growth, there is a consensus on the need for careful evaluation of entry points due to high valuations.

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Consensus
Overvalued
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Valuation
Overvalued
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BUY
Very highly geared to the capital market and there has been a big surge in stock market activity which will be positive.
BUY
Has been one of the outperformers this last year. TD Waterhouse has rebounded very nicely. Continues to look attractive but, it has run fairly hard.
BUY
The pickup and trading volumes is very valuable for the Waterhouse side. Have done a good job refocusing on retail. Stock could be hit a little bit with a rise in interest rates, but it's a knee-jerk reaction.
TOP PICK
Banks are well immunized from the jolts of interest rate changes. Has a good conservative positioning. Has a history of raising dividends.
BUY
Has pulled back a little bit and the valuation is reasonable. Banking sector should do well.
BUY
Market is overreacting to the interest-rate hike fears. Because of TD Waterhouse, it tends to react to market fluctuation.
WEAK BUY
Has been firing on all cylinders. They don't have the growth prospects in some of the capital market areas that so many other banks to.
BUY
Management has done a great job on refocusing the bank re the Canada Trust acquisition. More focused on retail versus higher risk loans.
DON'T BUY
At the top of a trading range.
TOP PICK
3% dividend yield. Interest-rate increases should have little effect.
BUY
Banks will consistently make money. Good dividend yield. More economically leveraged than the other banks.
BUY
Reasonably positive on all the banks. Waterhouse has strengthened and expects it to continue. Also expects dividend increases.
BUY
Thinks the banks are a reasonable value. Has good leverage through TD Waterhouse.
DON'T BUY
Management has done a great job. Not as much upside leverage as the lone book has been taken down so much. Doesn't see much in earnings upside in the short term.
DON'T BUY
Closer to the price that we would be selling at, not buying. By historical standards, this is the level where banks tend to top out. Fully valued.
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