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
Financials 
Technical Analysis 0
Investor Insights
Jun 4, 2026, 12:00 amThis summary was created by AI, based on 64 opinions in the last 12 months.
Toronto-Dominion Bank (TD) has shown remarkable resilience since the fallout from its money laundering penalties, recovering significantly and achieving record earnings in the last quarter. However, despite this recovery, many analysts express concern about its current valuation, noting that it trades at high PE multiples compared to historical norms for Canadian banks. The consensus indicates a prevailing belief that TD is slightly overvalued, with suggestions to trim positions rather than buy more at this stage. While the bank's strong fundamentals, solid dividends, and potential for growth in the Canadian market are highlighted, regulatory constraints in the US and diminishing growth prospects are factors pushing some investors to reconsider their positions. Overall, TD's stock performance reflects the ongoing challenges and opportunities within the Canadian banking sector.
Consensus
Trim
Valuation
Overvalued
Similar
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Premium contentTOP 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)
banks
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.
banks
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)
Brian MaddenOwned
banks
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.
banks
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.
David BurrowsOwned
banks
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)
David BaskinOwned
banks
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.
banks
Premium contentTOP 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)
banks
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.
Lorne SteinbergOwned
banks
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)
Paul Harris, CFAOwned
banks
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.
Brian MaddenOwned
banks
BUY ON WEAKNESS
Core holding, though sometimes you want more or less exposure. In an economic slowdown, as he expects this year, you want to pare back. He owns RY, TD, BMO, and BAM.A. Each has unique aspects that make for good diversification within the sector. Pullbacks provide an opportune chance to buy, put them away, and collect some income. Strong, sustainable, competitive advantages. Strong compounders over time.
Brian MaddenOwned
banks
PAST TOP PICK
(A Top Pick Jun 16/21, Up 7%) A core bank holding. Banks have pulled back recently but have held up well vs. the whole market and vs. US banks. The sector is well-capitalized. TD has announced it will buy First Horizon to expand TD's southern US presence and is a good use of their capital. TD has been increasing their dividend, now around 4%. TD is a long-term hold and this pullback is a buying opportunity.
Christine PooleOwned
banks
TRADE
Also a question re the S&P. Markets correct taking their time and you can trade on the way down. There is technical support at the 3000 level for the S&P and at the 10 000 level for the NASDAQ.. TD is trading at the adjusted book value and there may be a setback. Banks have good long term growth but trading them is a mug's game.
banks
BUY
Bullish on Canadian banks, attractive at 10x earnings. Exceptional upside to higher interest rates, despite pressure on loans and housing. Will face issues in a slower economy. In the meantime, Canadian economy is rolling along. Good balance sheets and attractive dividends.
Barry SchwartzOwned
banks
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