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

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Toronto-Dominion Bank (TD.TO)

167.90

-0.14 (0.08%)

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

2222 watching

Investor Insights

Aug 4, 2026, 12:00 am

This summary was created by AI, based on 56 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has shown resilience and solid performance across its business segments, particularly in wealth management and capital markets. Analysts appreciate the bank's ability to navigate a favorable regulatory environment, with OSFI lowering thresholds for risk-weighted assets, allowing TD to lend more capital. Despite its strong growth, concerns linger regarding its high valuation, as TD currently trades at historically elevated price-to-earnings ratios close to 16x. Many experts suggest trimming positions as the stock has experienced significant gains over the past year. The consensus seems to point to caution, recommending investors wait for better buying opportunities, especially given the uncertainty surrounding TD's U.S. expansion and ongoing regulatory challenges.

Consensus

Cautious

Valuation

Overvalued

Similar

HOLD

There is a lot of uncertainty in the market. In this environment expect the news flows to be negative. If you decide to get out and try to re-enter at a lower price requires a lot of timing and emotional decision making. If you are in, he would recommend continuing to hold. The dividend is safe he feels.

COMMENT

Big 6 Canadian Banks? Their view has been for the past few years that the environment for banks was becoming challenged as interest rates moved towards zero. The upcoming recession will make things worse. He has holdings still with TD and RY. In Japan, where interest rates have been at zero for a long time, bank stocks there have not done well. He sees the same issue for banks in the US, but feels the Canadian banks will do a little better, but like sprinting the wind. Be cautious about being too overly exposed to any one bank.

BUY

Buy its 10-year bond or the stock? Buying long-term bonds at very low interest rates is risky. Better to stomach volatility and buy the stock that will appreciate. This is safer over time.

PARTIAL BUY

Dividend safe? A core holding for him. He still likes it like all the other Canadian banks. A good time to begin chipping your way back into the banking sector. There are headwinds, but he would continue to have it as a core holding. The mortgage space is a problem, especially when tied to short term rentals like Airbnb. He expects a price adjustment in real estate in the larger market centres. It will be employment that will ultimately improve real estate.

HOLD

You'll start to see some tougher numbers come out of the Canadian banks due to mortgage deferrals. He thinks TD-T is in as good a position as the Canadian banks can be. You are going to see some raising provisions for loan losses. He does not think their payout ratio will go above about 65%. They are number 1 or number 2 in terms of the big 5.

BUY

Are there chances for a dividend decrease? He does not expect so. He is buying financials here. They have never cut their dividend. He thinks they may cut share buy-backs, however.

PAST TOP PICK

(A Top Pick Apr 30/19, Down 22%) It is disappointing. This is the bank he thinks it is either number 1 or 2. There is no question that banks will feel some pain here.

PARTIAL BUY

US acquisitions? He likes holding this and it is the only holding in the banking space they own. The correlation risk of banks to the market scares them. The US market drives about one-third of their revenue. Their wealth management and retail business sets them up well for when the economic recovery takes hold. At today's prices you are getting about a 5.5% yield. This is a good opportunity to buy, especially when interest rates are close to zero. He cautions that the market could go lower, so he would suggest a partial buy.

COMMENT

He expects this to fall to $52. Some Canadian bank stocks are moving up or down 20% in a day, which he hasn't seen since 2009. It's panic. An extreme low for TD is $44. Once the downward pressure is off, these bank stocks will rebound nicely and rapidly. He worries less about banks than tech stocks.

PARTIAL BUY

RY vs TD? These are almost apples to apples. He thinks RY is the bluest of blue chip bank stocks. Both are good quality and both could drop another 5-8% lower from here. He would recommend that you could buy half of your position here.

COMMENT

A trading platform that's better than TD Webbroker? He can't get into TD's platform. That's happening with a lot of platforms here and the U.S., given the high volume of trades. It's frustrating, but these are short-term problems. He can't recommend another platform. TD itself is a low-vol stock, but banks aren't cheap enough for him. Long-term, though, you can't go wrong owning a Canadian bank.

TOP PICK

A core holding for him. He bought it yesterday. It's well-diversified geographically in the U.S. east coast. They will be a player in online brokerages with merger of Ameritrade and Schwab. Trades at a cheap 8.5x earnings while Canadian banks trade at 10-11.5x. They grow their dividend 10% annually, the leader; earnings grow at 13%. The banks will continue to outperform the TSX. (Analysts’ price target is $73.86)

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Curated by Allan Tong since 2019.
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TOP PICK

Also boring, but slightly riskier is TD Bank. Some may argue, Wait, interest rates just got slashed by 50 points and could fall further. Also, TD has a lot of U.S. operations--and growing fears of the coronavirus. All this is true, but the big five Canadian banks are still an oligopoly. Also, the Canadian housing market hasn't crashed like naysayers have been predicting for years. Low rates will limit growth, but consider that TD just bumped their dividend by 6% and the American consumer and its housing market remain strong. Americans are still buying and borrowing, and they'll do so at TD. True, TD has fallen 11% compared to the TSX's 7.8% in recent weeks, but its long-term future looks assured. TD is a steady eddy, perhaps the steadiest in Canada.

TOP PICK

A quality company with a dividend that just went up 6%. They will be able to increase the dividend going forward. Longer term, growth for Banks in Canada may be slow, but they can add efficiency from technology improvements and asset prices will continue to rise if interest rates remain low. Yield 4.66% (Analysts’ price target is $77.14)

WEAK BUY

Favourite Canadian bank. Solid grower in the US. Stock's been beaten up. The banks are going to have a pretty weak year. People are on the edge, so loan losses could increase. Don't go hog wild on the banks. The banks look interesting at these levels.

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Toronto-Dominion Bank (TD.TO)