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

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Toronto-Dominion Bank (TD.TO)

167.11

+1.24 (0.75%)

as of Aug 27, 2026, 6:37:54 pm Market Open.

2222 watching

Investor Insights

Aug 27, 2026, 12:00 am

This summary was created by AI, based on 52 opinions in the last 12 months.

Expert opinions on Toronto-Dominion Bank (TD) show a mixture of optimism and caution. Many analysts acknowledge the bank's significant recovery from previous scandals and commend its growth prospects, particularly in capital markets and wealth management. However, there is a widespread concern regarding its high valuation relative to historical averages, with some citing it as overvalued by approximately 5%. Competition in the banking sector is increasing, and while the Canadian economy remains stable, several experts suggest trimming positions or taking profits while considering the potential for future growth. The outlook for TD is generally positive, but many recommend caution due to its premium valuation and the regulatory challenges it faces in the US market.

Consensus

Caution

Valuation

Overvalued

Similar

HOLD

Real estate exposure?

Not expensive at 1.4x book, yield of 4.2%, great capital ratios. US acquisition will probably go through, though it may be deferred. A big, but not massive, acquisition. Incredible US franchise, but ROE hasn't been as good as Canadian retail division. Execution of integrating recent asset management purchase will be key. Loan loss provisions can handle any housing mortgage issue.

PARTIAL BUY

TD vs. MFC

He's been taking some money out of MFC on earnings trepidation in Asian operations. He's been adding to bank stocks, and TD is at the top of the list with its US acquisition still being finalized. MFC was trading at 8x PE with a 5% yield, whereas TD is more expensive. TD has more growth potential.

PAST TOP PICK

(A Top Pick Mar 28/22, Down 6%)

Has performed relatively well vs. the index, as do the Canadian banks. People are concerned about credit risk as we face an economic downturn. Still likes TD. Pending is a massive deal with First Horizons, a U.S. regional bank that will make TD an even-bigger bank in the US.

DON'T BUY

Doesn't own any Canadian banks. Scale advantage, favourable regulatory environment. Further competition in the space erodes their moat. If he were to own any banks, the two that stood out when he reviewed their financials 3 years ago were TD and RY.

BUY

Valuation is in the middle among Canadian banks. Premium price-to-book and pays a dividend over 4%. TD remains consistent, therefore good as a long-term hold. Though, there will be slightly less capital appreciation vs. its peers.

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.

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