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

Home

Daily Stock Opinions and Ratings

Toronto-Dominion Bank (TD.TO)

158.03

+1.79 (1.15%)

as of Jun 4, 2026, 8:00:00 pm Market Open.

2224 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 64 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has shown a robust recovery following its money laundering scandal, yielding strong returns this year, with some reports indicating a rise as high as 72%. Despite this positive momentum, many analysts believe the stock is currently overvalued, trading at higher-than-normal P/E ratios—around 14 to 16 times—and above historical averages for Canadian banks. Experts express caution, suggesting trimming positions or waiting for a market pullback before initiating new purchases. The bank’s U.S. operations remain under regulatory scrutiny, limiting growth potential, which adds to the complex outlook for TD. While many hold on to their shares for long-term growth, there is a consensus on the need for careful evaluation of entry points due to high valuations.

Consensus

Overvalued

Valuation

Overvalued

Similar

RY, Royal

BUY

In a non-registered, RRSP or TFSA over 10 years? It depends on your situation and the size of each account. Start with the TFSA--the more you grow tax-free, the more it benefits you. Remember, you can't claim a loss in a TFSA. TD is his largest bank holding and the best bank.

HOLD

He owns TD and RY right now. Setup is interesting. OSFI recently released the handcuffs on dividends and share buybacks. Usually banks do well at the beginning of a tightening cycle. We're in a tremendously over-leveraged economy. As we go along, and rates rise, banks on the other side of this credit cycle might have a tough time. He's as underweight banks as he's ever been. TD and RY are still great franchises, but he's not that excited about the banks. They can go higher, but you have to evaluate the risks of the credit cycle.

BUY

Don't be afraid of a company that's making a steady advance, especially if the sector they come from has a tailwind. Financial sector is currently one of the best performers currently. Good conditions such as rising bond yields and improving economics. Added fuel of dividend increases will be very attractive. TD made this same high in May, has been consolidating, and this could kick off a new leg in the rally. He prefers NA and BMO, some US banks, and look at HCG.

Premium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

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

TOP PICK

We've chosen TD from the group, based on the historical pattern of the last one now, will later be first. TD has underperformed its peers so far in 2021. Through the first three calendar quarters, TD has gained 17%, while top dog, National Bank, has run twice as far. Actually, this isn't completely accurate; Bank of Nova Scotia has fared slightly worse than TD, but BNS carries more risk because a substantial part of its business is in Latin America which is not exactly known for growth or dependable performance.

PAST TOP PICK

(A Top Pick Sep 14/20, Up 39%) Great franchise in Canada and the US. Share buybacks and dividend increases are coming. Over-reserves can move back into earnings. Net interest margins are tougher with the volatility. Long-term, a powerful brand. Sale of Ameritrade gives them capital to deploy.

HOLD

It's lagged a little. It had a severe premium valuation. Like the other banks, they did well with reserve releases. ROE is decent. TD has spent a lot to expand in the U.S., so there's a lag in profitability--they are doing well in the U.S. It's reasonably priced now, in the middle of the bank pack. It pays around 3.8%. He prefers BNS, RY and Commerce. He can't all the banks all the time. Not his first choice, but if he already owned TD, he'd hang onto it.

TOP PICK

She likes the banks, releasing provisions put on last year. When the banks will be allowed to raise dividends and buyback shares, TD will likely hike its dividend by double digits. TD has the strongest capital position among the big banks. TD trades at a premium valuation to the group. They have a strong retail presence in Canada and the U.S. and so will benefit as those economies recover. They have a position in Schwab, a nice source of capital. (Analysts’ price target is $92.85)

BUY

Why is it underperforming its peers, like RY and BMO? He cut his teeth following the banks since 1971. The banks may be a homogenous group, but there's always a cheap stock and an outperformer, and the banks rotate these positions. So, pick the laggard. He isn't worried that TD is lagging; don't worry about these short-term things.

HOLD

If you already own this, you're very well positioned. The banks forward PE is 11x is fine. They can't raise dividends or buyback shares until regulators allow them, which is likely to happen. US banks pay far lower dividends, but buyback more shares, but it's the reverse with Canadian banks. Expect returns for TD in the future: 4% on the dividend, 1-2% on buybacks + topline growth.

BUY

He lightened up on the banks last quarter. When stocks stop rising on good news, he gets concerned. Canadian banks had quite a run. Lower yields were a headwind. Likes the US assets. Overcapitalized. Eventually will raise dividends, buy back shares, do acquisitions. He's adding. Valuations are at the higher range, buy you could do a lot worse than owning the banks.

PAST TOP PICK

(A Top Pick Jul 07/20, Up 51%) Valuation premium and analyst fan base has waned a bit. Due to US expansion, plus US net interest margin sensitivity is high. Continues to own and buy.

TOP PICK

Canada's second largest bank. Increasingly, a force to be reckoned with in US banking. War chest of excess capital, which they've signalled they'll use to make acquisitions. Good leadership changes. 14% ROE. Worst of net interest margin pressures is over, capital markets firing on all cylinders, likes the business mix. Good value here. Clear line of sight to double digit total return over a cycle. Yield is 3.36%. (Analysts’ price target is $93.14)

TOP PICK

Strongest capital position of all the big 6 banks. Their interest in Schwab can be monetized. Want to expand their already large US presence. Loan growth should pick up. Will benefit when regulatory restrictions are lifted. Should continue to increase dividends. Yield is 3.61%. (Analysts’ price target is $93.28)

BUY

Benefits from a rising interest rate environment. With its footprint in the US, influenced by the USD. Very well capitalized, solidly profitable, not that expensive. In great parts of the US; bought its assets really well. Cream of the crop of retail banks in Canada, and less sensitive to capital markets.

BUY

His personal favourite, a forever hold. Great presence in retail. Great footprint into the US. A close second to RY as the most conservative. Expects positive earnings surprises.

Showing 316 to 330 of 2,214 entries

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Toronto-Dominion Bank (TD.TO)