Toronto-Dominion Bank (TD.TO) Buy, Sell or Hold

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Toronto-Dominion Bank (TD.TO)

169.29

-0.55 (0.32%)

as of Jun 24, 2026, 8:00:00 pm Market Open.

2225 watching

Investor Insights

Jun 24, 2026, 12:00 am

This summary was created by AI, based on 61 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has experienced a significant upswing in its stock price following the resolution of its money laundering penalties. However, experts express concerns about the current valuation levels, with many noting that the price-to-earnings (P/E) ratio of over 16x is historically high compared to previous ceilings of around 13x for Canadian banks. Consequently, some analysts recommend trimming positions to take profits or wait for a potential pullback before reinvesting. Despite the challenges, several contributors appreciate TD's strong Canadian franchise and growth prospects, particularly in capital markets and wealth management, noting that it remains a well-managed institution with room for dividend growth. The consensus among analysts seems to highlight the bank's challenges in the U.S. market, which may limit growth going forward, but the overall outlook remains cautiously optimistic given the stability of the Canadian banking sector.

Consensus

Overvalued

Valuation

Overvalued

Similar

HOLD

Canadian banks are in a tough space right now, with slowing economy and housing. Along with RY, gold standard of banks in Canada, and it trades at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality. If you're a long-term investor, can't go wrong.

BUY

Results were fabulous. Stick with the banks that continue to knock it out of the park. Happy to continue buying. He doesn't foresee a really bad recession in Canada in 2023. Banks can offset a lot of their mortgages. They do have exposure, but it's not as huge as you think. Live and die with wealth management and investment banking operations, so they need the economy to improve.

PAST TOP PICK

(A Top Pick Dec 24/21, Down 5%) He likes the insurance companies right now, as they have pricing power. Banks in US and Canada will struggle in the next year as interest rates rise. Loan loss provisions are already going up, job layoffs. Yield over 4%, and grows over 10% a year.

HOLD

He still owns. Banking industry is in very good shape in this country. Great dividend yield, trading at reasonable book value. Trouble is that net interest income is being offset by investment banking and such that are doing poorly. Longer term, will do well. Lots of capital to increase dividends or buy back shares. He's comfortable owning at these levels.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We again reiterate TD as a TOP PICK. During economic uncertainty Canadian chartered banks are a safe haven. Recently reported earnings again beat expectations. Revenue of $15.5 billion in the quarter was up 42%, allowing cash reserves to grow substantially while debt is retired and shares to be bought back. The dividend was just raised 7%. We recommend trailing up the stop loss (from $72.50) to $79.50, looking to achieve $100 -- over 14% upside. Yield 4.3% (Analysts’ price target is $100.21)

COMMENT

Rising interest rates should be good for banks but they are also dealing with more defaults. There is some recent support but if it breaks below $80, sell.

BUY

Good entry point is right now. On cusp of closing a transformational acquisition of First Horizons. Increases market share. Now the 6th largest bank in the US. US banking is very net-interest-margin sensitive, interest rates are rising, making lots of money. Flipside is US banking is more credit-risky, but it's adequately provisioned. Capital markets round out return. Low double-digit returns for decades, likely to continue.

HOLD

This is a good one to hold and is one of the cheaper banks. It has good growth in the U.S. There is margin expansion with rising interest rates and it has raised its dividend.

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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

The banks are reporting in early December, and the clear winner is TD. BMO, BNS and CIBC were mixed or missed while Royal modestly grew earnings by 2% year-over-year. All the banks have had a challenging year, particularly Canadian ones which face a real estate had looked poised for a serious downturn until October numbers signalled a bounce in housing price and demand. Looking ahead, though, all the banks are cushioning their balance sheets to absorb any bad mortgages as interest rates climb and a recession (perhaps mild) looms.

BUY

High quality, second largest in Canada, top 25 in the world. Well run, likes it. Financial metrics are favourable. He'd buy.

BUY

TD vs. CM for the long term? TD. CM has a lower valuation, but TD has everything going for it. CM is struggling, and he's wary of that. Go with the better quality ones now. His firm looks at valuation, not fundamentals. When it's time to buy value, he'd look at CM.

WAIT

TD vs. MFC vs. SLF All financials got beaten up. Issue with banks is potential loan losses, and if it's a deep recession, loan losses can get bigger. A lot of financials can be a black box, and you don't see the damage until it's too late. Impressed by what MFC has done over time, nice dividend yield. All financials are starting to look interesting. Banks look attractive valuation-wise, but he'd wait.

BUY

The banks are an indicator of markets. Capital markets activity (a lot less M&A) has impacted banks. However, net interest income is positive. On balance, banks have a decent profit profile. They hold a lot of capital to pull many levers like buy back shares. He is quite positive all banks. His favourites are BNS and TD, followed by Royal. CIBC has a weaker growth profile.

HOLD

Short-term risks to banks. Integration risks with acquisitions. Dividend safe, growing. Don't sell just because stock's sold off. Valuation has checked back, with possibly more to go. Be patient deploying capital. If you own it, hold, and perhaps diversify elsewhere. See his Top Picks.

HOLD

TD has expanded its NIM in the US, so last quarter they benefited the most out of all the banks. Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.

Showing 256 to 270 of 2,215 entries

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Toronto-Dominion Bank (TD.TO)