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

Home

Daily Stock Opinions and Ratings

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

COMMENT

Top Cdn Bank? TD and BMO are the two he recommends as they recently beat earnings expectations. He likes them both for their US growth opportunity. BMO raised their dividends significantly. Very safe stocks to hold.

Wealthica Track your Stocks in your Watch List

BUY

Has owned TD for a long time, likes the stock. 3.7% Divided Yield. Overcapitalized which allows to buyback shares and increase dividends. Over reserved in March of 2020. Great retail and commercial franchise in Canada & USA. Not too expensive at current prices.

HOLD

Time to take profits? Don't let market conditions dictate your decision making. Well run. Good US exposure, that's where the growth is. Reasonable valuation. Compelling yield compared to bonds is around 3-3.25%.

Premium content

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).

TOP PICK

Stockchase Research Editor: Michael O'Reilly Following recently reported earnings that beat expectations, TD is a TOP PICK. As concerns swirled about the Canadian banks, TD beat earnings expectations by over 8% as EPS grew 56% over the year. Loan loss provisions are declining as volume of loans is increasing. It trades at 12x earnings compared to peers at 13x and is valued just under 2x book value. It pays a good dividend (which was increased by 12%), backed by a payout ratio under 45% of cash flow. We would buy this with a stop loss at $89, looking to achieve $126 - upside potential over 32%. Yield 3.35% (Analysts’ price target is $125.73)

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.

Showing 316 to 330 of 2,218 entries

Most Recent Experts

Colin Cieszynski

SIA Wealth Management

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Jim Cramer - Mad Money

CNBC

Larry Berman CFA, CMT, CTA

ETF Capital Management Inc.

Dan Rohinton

iA Global Asset Management

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)