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

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Toronto-Dominion Bank (TD.TO)

170.57

+1.28 (0.76%)

as of Jun 25, 2026, 3:17:40 pm Market Open.

2225 watching

Investor Insights

Jun 25, 2026, 12:00 am

This summary was created by AI, based on 61 opinions in the last 12 months.

The reviews for Toronto-Dominion Bank (TD) highlight a cautious but generally optimistic outlook on the stock's performance. Many experts suggest that while TD has made significant recovery after the money laundering penalty, it is currently trading at a high price-to-earnings (PE) ratio compared to historical norms, prompting some to recommend trimming positions or taking profits. The bank's valuation, hovering around 14x to over 16x PE, has raised concerns of overvaluation, especially with future growth potential in the U.S. still clouded by regulatory issues. However, the majority of analysts maintain that TD is a strong long-term investment, appreciating its solid position in Canada and improving fundamentals. They also expect that TD's efforts in wealth management and capital markets will drive future earnings growth despite short-term challenges.

Consensus

Trim

Valuation

Overvalued

Similar

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.

BUY

Rate hikes are good for Canadian banks. He expects dividend growth sometime this year, especially TD which is very well-capitalized. They have billions of dollars, enough cash to buy back shares, raise the dividend a lot and/or make acquisitions, like a bank in the U.S. southeast. He also likes their deal with Ameritrade; this business combination will yield $2 billion in synergies. In Canada, their domestic personal and commercial banking business is #2 or #3. Shares are at all-time highs, but you can still buy this and other Canadian banks, which have been the cornerstones of his portfolios. Canadian banks make all-time highs time and time and time again.

BUY

Looking at US banks, their read through is very good. Loan loss reversals, investment banking is doing well. TD will benefit from this as well. All Canadian banks look good here. It is trading at a premium right now. Likes BMO more.

BUY

Likes banks in general. TD is on the upper end of price. Likes the good price momentum, reasonable multiple, and return of reserves. The rising yield curve is good for the banks. Mortgage rates have started to go back up again. Payout ratio is good, earnings are good. US exposure is a positive right now. Retail trading has exploded.

BUY

Today is as good a day as any to buy it. They have a great presence here in Canada and a strong business in the US. He thinks restrictions on buying back shares or raising dividends will be loosened. It should be good for the stock price.

BUY

Likes it. Will benefit from trend of higher interest rates over the next 12-18 months. Net interest margin improvement is very important to get higher ROEs. Super high quality. Very well managed. Yield of almost 4%.

PAST TOP PICK

(A Top Pick Mar 04/20, Up 26%) It remains discounted to their peers. TD has had minor struggles in recent years, but he likes it long-term. He has reduced his overall bank weighting, but will stick with TD as his biggest bank holding. He hopes for a pullback. The rise in rates has pushed up this stock. That rise could continue into summer.

BUY

Canadian banks as a group are attractive right now. The entire space should fare well. US banks valuations have come up, whereas Canadian ones are still undervalued. He also likes RY and TD.

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PAST TOP PICK

(A Top Pick Mar 10/20, Up 37%) It will be a good year for banks. Earnings were up 10% yoy and reached record high. Their provisions for credit losses are at 15 year low. Have to give kudos to the Canadian government. Has the strongest capital position among banks which will be deployed as soon as they can. The volumes of their discount broker is very busy and doing very well.

PAST TOP PICK

(A Top Pick Jan 08/20, Up 4%) Has developed a great US franchise that will continue to grow. Selling Ameritrade business to Schwab was a good move that will grow their retail business. TD is well-capitalized like all Canadian banks. Real estate is an ongoing worry in Canada, but TD has a diversified loan book and income stream--not just loaning money, but credit cards, asset management and investment banking. TD is not pricey at current levels, so you can buy it. Pays a great dividend. Banks will improve their cost structure, particularly in the back office. There may be an inflection point later where customers bank online and don't go to actual branches.

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

TOP PICK

Given their oligopoly, Canadian banks march in line, but TD (along with Royal Bank) remain the favourite of Canadian investors. The big reason is TD's large business in the States. It's 11.2x PE is also lower than the industry average of 12.6x. That said, expectations for TD as interest rates aren't expecting to leap anytime soon and will be lucky to rise 25 basis points in 2021.

HOLD

Canadian banks are under huge pressure with rates so low. Possible that rates go negative next year, and that's a tax on fixed income. One of Canada's strongest banks, along with Royal. They'll figure out a way to make money, no matter what the environment.

BUY

Canadian banks are still safe places to park your money. Cyclical area that's well positioned to benefit post-pandemic. Post-pandemic, loan provisions will fall, higher credit card use, more consumer spending. Good long-term. Keep an eye on disruptive fintech.

STRONG BUY

Huge fan. One of the best franchises, here and in the US. Trades at 11x earnings, not expensive. Well capitalized to cover Covid loan losses. Canada's regulatory system protects banks, unlike the US. Will see some depressed margins because of low interest rates, but diversified businesses help them make up revenue growth.

TOP PICK

She likes the Canadian banks. This is a core holding. They have one of the strongest capital bases out there. As the economy recovers this will be beneficial for the credit environment. Next year they will be allowed to increase dividends and buy back shares. (Analysts’ price target is $75.09)

Showing 331 to 345 of 2,215 entries

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Toronto-Dominion Bank (TD.TO)