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

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Toronto-Dominion Bank (TD.TO)

174.76

+1.95 (1.13%)

as of Jul 15, 2026, 6:52:50 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 ON WEAKNESS

Broadly, Canadian banks are all driven by the consumer and mortgage market. RY is the premier name in Canada, he owns it at full weight, no plans to sell, not buying for new clients until there's a pullback. Canadian franchise is solid, great capital markets business, good long-term. Forays into US appear solid. One of the lower dividend yields in the space. BNS has one of the highest yields, more focused in Latin America, recent Chilean acquisition still TBD. He owns a small position. His other preference is TD. He's not adding to any of the banks, waiting to see how market digests rate increases and hoping for a market pullback.

SELL ON STRENGTH

TD or a US bank? Except for BAC or JPM, there's not a good fundamental reason to pick a US bank. Fed is increasing rates, but yield curve is not conducive to making money. If TD tries to rally above $109, he'd sell and look for something cheaper. His model price is $109.09. All Canadian banks are at the top of the zone.

HOLD

Has built a great retail franchise in the US. Canadian banking in general is good for the long term. Great business.

COMMENT

Take profits and buy oil or fertilizer instead? If you bought and held a Canadian bank, you'd beat the market. TD is flush with cash; they just bought a US bank. A great stock to hold. Short-term, banks are declining because of higher rates could squeeze them and there's a fear that some creditors can't pay them. You can sell 5-10% of TD and buy an oil stock--but remember to sell oil (within six months).

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PAST TOP PICK

(A Top Pick Dec 07/21, Up 1.78%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with TD has triggered its stop at $97. To remain disciplined, we recommend covering at this time. We will watch for another re-entry.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They paid a 37% premium for their US acquisition. However, it is immediately accretive to EPS on closing. The acquisition gives significant additions to its operations in the US Southwest. TD can close without equity dilution. They will become the sixth largest bank in the US. Unlock Premium - Try 5i Free

BUY

She likes Canadian banks. PEs have climbed from last year, but still reasonable. Royal and TD are her top banks. Likes TD for its US presence, and retail in US and Canada. TD has the strongest capital base, and has an interest in Schwab. RY: Likes their diversity, scale. Both banks yield around 3.5% and will continue to raise them as earnings grow.

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

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

PAST TOP PICK

(A Top Pick Dec 07/21, Up 13.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TD is progressing well. We now recommend trailing up the stop (from $89) to $97.

COMMENT

Don't trade out of it for something else. Good yield and low valuation along with a good runway for growth. Owns CIBC but also likes TD and BMO.

BUY

There's a good runway for most banks as interest rates rise. TD has done very well lately. Their valuation is the second-highest among Canadian banks (RY is higher). It pays a 3.5% yield and likely will increase, based on solid capital bases. What's there to complain about? It's a core holding. He would not take profits.

HOLD

Canadian banking sector has been a great place to be, oligopoly. "Hates" being a customer, but loves being an owner. All in excellent shape. The sector is a core holding in his Canadian strategy.

BUY

Both are good banks and look fine. The dividend will probably increase. As with other banks they are good for buying in the short and mid term but there will be competition in the long term. He owns TD but BMO.

BUY

TD vs. NA He prefers TD over NA and advocates taking profits if a position has become overweight. Opportunity in TD looks better for 2022. TD is over-capitalized the most. Its US-centric footprint is more net-margin sensitive than Canadian banks. With interest rates poised to rise, this should advantage TD. Its capital markets business (with lots of operating leverage) is less important to its earnings than NA, and this will weigh on NA. NA's CEO is new, whereas TD's is seasoned.

BUY

It will benefit from rising interest rates. Also it will benefit from the transition from capital income to fee income. It has $13 billion in excess capital and $11 in Charles Scwab. He owns it.

PAST TOP PICK

(A Top Pick Dec 14/20, Up 37%) She likes this sector. They will release more reserves. She likes their exposure to the U.S. They have a strong capital base, good for downside protection. They hold an interest in Schwab which is a source of cash.

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Toronto-Dominion Bank (TD.TO)