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

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Toronto-Dominion Bank (TD.TO)

174.75

+1.94 (1.12%)

as of Jul 15, 2026, 6:18:29 pm Market Open.

2223 watching

Investor Insights

Jul 15, 2026, 12:00 am

This summary was created by AI, based on 58 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has experienced substantial growth in recent years, particularly following recovery from previous money-laundering penalties. While the bank's wealth management and capital market segments remain strong and retail operations are relatively stable, many experts caution that current valuations are high, trading at approximately 16x PE against historical averages of around 13x PE. There is a sentiment that TD is overvalued by about 5%, with calls to trim positions or take profits after a significant run-up. Additionally, despite robust record earnings in recent quarters, concerns linger regarding growth potential in the U.S. due to imposed asset caps, leading some analysts to recommend a wait-and-see approach before re-entering the stock. Overall, investor sentiment is mixed—while some maintain long-term confidence in TD's dividend growth potential, others see risk in the high valuation and lack of future growth drivers.

Consensus

Overvalued

Valuation

Overvalued

Similar

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.

PAST TOP PICK

(A Top Pick Sep 14/21, Up 11%) The valuation is below historic averages. They will acquire First Horizon bank in the U.S. southeast which will expand TD's presence there. As interest rates rise along with loan growth, TD's net interest margin will expand. They also bought Cowen to expand in capital markets. They still have a strong balance sheet. The dividend, the smallest among the big 5 banks, will continue to increase.

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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 reiterate TD as a TOP PICK. During economic uncertainty Canadian chartered banks are a safe haven. TD recently reported its 9th consecutive quarter of beating earning expectations. Retail margins are increasing and wealth management is growing market share. The dividend is good, growing by over 7% annually for the past 10 years. Rising interest rates are good for their bottom line. We recommend placing a stop loss at $72.50, looking to achieve $100 -- over 16% upside. Yield 4.0% (Analysts’ price target is $99.25)

HOLD

Their quarterly report was among the best of the banks in late-August. It has a larger US retail business as opposed to the capital business focus of its peers. TD should benefit from higher net interest margins more than those peers, so rising interest rates will benefit TD, though they will be bad for consumer credits--more consumers may default on loans. Also, we need to see the surge in rates filter down to mortgages and business loans--wait and see on TD. He is holding his shares for now and not adding, though banks are cheaper now historically.

TOP PICK

A great value creator for years. Best Canadian bank in terms of recent Q3 results. Their US division did very well because it's very net-interest margin sensitive, so rising rates help and more than offsets credit loss provisions. Their Canadian business did very well. Their investment bank business-weak across the sector--is relatively small for TD and didn't impact overall results that badly. They are closing their deal of First Horizon Bank, a huge $600+ million of synergy that will create value. (Analysts’ price target is $99.27)

BUY

It should see better scale and a better rate of return. It bought an investment bank in the U.S. and so will see better scale on the investment banking business in the U.S. and Canada. It is at a good price level and the dividend yield is 4.1%. Canadian banks are at a good valuation with lots of capital and room to expand.

WEAK BUY

Building back a position in the banks, but not overweight. Great exposure to US, great performer. Still some concern of a recession. Yield of 4% that grows 7-8% a year is attractive.

TOP PICK

More than half their assets are in the US. Have many branches there. so, their interest rate speakrs (Analysts’ price target is $101.41)

HOLD

No problem with the price. He's not rushing to buy the banks, he's underweight. Risk to earnings growth, mainly because slowing economy and capital markets will increase loan loss provisions. Dividends are still safe. Risk of large US acquisition, bought closer to the peak. Last week's sale of Schwab and purchase of Cowen made sense. He favours BNS and CM in Canada.

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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 As a safe, steady dividend payer TD is selected as a TOP PICK. Trading at 10x earnings and with a PEG ratio under 1.0, it is good value here. It also trades presently at under 2x book value. It continues to beat analyst earnings expectations and supports a 15% ROE. It pays a valuable dividend backed by a payout ratio of under 45% of cash flow. We recommend setting a stop loss at $68, looking to achieve $102 -- upside over 20%. Yield 4.3% (Analysts’ price target is $102.33)

BUY

A US regulatory review could stop TD's takeover of a US company TD is in Elizabeth Warren's focus, but doesn't think it's weighing too much on shares. He's a big believer in Canadian banks, which have come down a bit, though not as badly as global banks. TD remains a core holding.

TOP PICK

Great retail franchise. Trades at 10x earnings, 1.4x book, not expensive. Strong US franchise has suffered, as it's a tough business in the States. In the long run, increased scale will help. Yield is 4.32%. (Analysts’ price target is $101.26)

PAST TOP PICK

(A Top Pick Jul 07/21, Down 1%) Banks are a cornerstone of portfolios. Cater to needs, not wants. Canadian banks are dominant oligopolies. Could be vulnerable to profit losses this year. Net interest margins are compressing. Dividends are safe, likely to grow. Well capitalized. Usually market outperformers.

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Toronto-Dominion Bank (TD.TO)