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

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Toronto-Dominion Bank (TD.TO)

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170.90

+1.61 (0.95%)

as of Jun 25, 2026, 7:59:00 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

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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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.

BUY ON WEAKNESS

There is support for TD just below $70. It could be a reasonable time to buy the banks in the near future. There is probably a good chance for upside and it pays a good dividend. He's not overly bearish on banks.

TOP PICK

Owns all 6 big banks. Chose it because it's trading at a market multiple, but typically trades at a premium. In US, consumer is in better shape, employment is still growing, wages are going up. Yield is 3.9%. (Analysts’ price target is $79.40)

WEAK BUY

Underperforming? All banks have been limited by low interest rates, but still pay good yields. You're not losing money in TD, but he doesn't see rates changing much. You can expect 8-10% a year, including the yield. 8-10% isn't bad. Low yields will continue to squeeze margins. Anyone should buy banks and he has no worries buying this.

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Toronto-Dominion Bank (TD.TO)