50% off Premium Yearly

TSE:TD
This summary was created by AI, based on 52 opinions in the last 12 months.
Expert opinions on Toronto-Dominion Bank (TD) show a mixture of optimism and caution. Many analysts acknowledge the bank's significant recovery from previous scandals and commend its growth prospects, particularly in capital markets and wealth management. However, there is a widespread concern regarding its high valuation relative to historical averages, with some citing it as overvalued by approximately 5%. Competition in the banking sector is increasing, and while the Canadian economy remains stable, several experts suggest trimming positions or taking profits while considering the potential for future growth. The outlook for TD is generally positive, but many recommend caution due to its premium valuation and the regulatory challenges it faces in the US market.
The only Canadian bank he owns. TD stock hasn't moved in the past year, but offers strong Canadian and US retail exposure. They are growing their wealth management and insurance sides. On the commercial side, they're not into oil/gas like CIBC. The dividend has grown 10% annually in the past 10 years. Great long-term. (Analysts’ price target is $79.06)