TSE:TD

Toronto-Dominion Bank (TD.TO)

175.00
+0.96 (0.55%)
as of Nov 2, 2026, 9:00:00 pm Market Closed.
2219 watching
0
PARTIAL BUY
Last quarter's bank earnings were weak. Loan loss provisions are starting to rise and are not offset by loans and mortgages. That's across the bank sector. The BOC is stuck: it can't raise or cut rates. TD is up 8% this year and trading at 11x earnings. Yields near 4% as it continues to grow at 10%. Buy a half position only, then see what happens in the next quarter.
BUY
He likes the Canadian banks and TD is one of the best. You could buy any of the Canadian banks. Declining interest rates has hurt the banks but the interest rates have very little downside from here.
BUY ON WEAKNESS
Major support is at $70, so buy at this level. He predicts a market pullback in January. Canadian banks are historically strong, and TD has a long-term uptrend. TD may fall below $70 to $65, but $70 is a buy.
PAST TOP PICK
(A Top Pick Jan 11/19, Up 11%) He’s neutral on the banks at the moment. He wants to see how the economy sets out. Retail sales and unemployment numbers weren’t good. He would rather buy Scotia, mainly because they are outside of Canada. He would wait on the banks.
BUY
A dividend-paying stock Strong U.S. presence and pays a 4.1% dividend yield. The Canadian banks just reported a rough quarter; there are worries over high consumer debt, shrinking margins and bad loans. But long run they great ROEs. TD trades at 10.6x earnings and an ROE around 14x. Banks are good to own long term and can weather these issues.
COMMENT

BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.

BUY
Better than Royal Bank? Recent bank weakness is due to Canadian debt levels and a tick-up in non-performing loans. But these banks are very well-capitalized and Canada is a growing place due to immigration. He likes the banks as a group, and investors will earn a decent return as long as they can deal with an earnings downdraft if the economy pulls back in the future.
HOLD
A solid bank, but he's cautious about the whole sector. TD leads this sector and is a safe bet. Capital markets are fine, though organic growth rate will slow. They need to continue investing in technology. The dividend is safe and will continue to rise in coming years. Hold TD for the long term, but profits will come under pressure for this sector in coming years, given high consumer debt. TD has done very well in the States, growing faster than American peers.
BUY
Time to buy? She would buy here on the pullback. An attractive yield. Their loan provisions are increasing to 0.5%, on the higher end of the Canadian banks. Nothing to worry about. She likes their US banking operations. Earnings will continue to grow, along with dividends, albeit at slightly slower rates, she thinks.
BUY
He thinks their recent Q4 earnings miss is a buying opportunity. Excluding restructuring, earnings were actually higher. It has a strong balance sheet and higher capital requirements are a minor issue. You could buy it here and enjoy a nice dividend. Yield 4%.
HOLD
Recent pullback The downturn recently has hit the sector, not just TD. Loss-loan provisions will increase given the state of the Canadian economy. Canadians are heavily indebted. There's no loan growth now, but TD has fine US assets and they are well-positioned in the Schwab purchase of Ameritrade. There isn't big downside risk in this sector, but there isn't much earnings growth this late in the cycle. Estimates of 3-5% profit growth in coming years is a little optimistic. The dividend is safe, which you can hold and collect. You're okay to hold this. If you're a trader, though, it's not worth buying.
DON'T BUY
They had an underwhelming quarter. He doesn't own any Canadian banks now. Next year's growth will be weak. You don't trade banks, but hold them over the long term. He doesn't see a growth catalyst now, so there's no need to rush into them.
HOLD
He would not buy more. Wait for the new balance sheet. It is one of the top 30 systemic banks in the world. The US banks are a lot cheaper. Canadian banks are the most expensive in the world. Buy it if it comes back to $62.
BUY

RY vs. TD He owns more TD, like its American footprint and are getting out of online brokerages which has shrinking margins, so that was a good deal. Both are solid, but we'll see what their earnings are like. RY has 12x forward earnings, while the S&P is 17x--this means a safe margin.

COMMENT
A well-run bank with great dividend yield. Regarding the TD Ameritrade transaction, there hasn’t been a lot of reaction due to the uncertainty of what TD will do about their position. There are fears TD will lose their access to investment and wealth management products in the states that could wipe out profits from the transaction. Maybe they will take a larger position in Schwab. There is a lot of uncertainty.
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