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

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Toronto-Dominion Bank (TD.TO)

175.27

+2.46 (1.42%)

as of Jul 15, 2026, 8:00:00 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

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.

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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.

Showing 376 to 390 of 2,218 entries

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Toronto-Dominion Bank (TD.TO)