
TSE:TD
This summary was created by AI, based on 64 opinions in the last 12 months.
Toronto-Dominion Bank (TD) has shown a robust recovery following its money laundering scandal, yielding strong returns this year, with some reports indicating a rise as high as 72%. Despite this positive momentum, many analysts believe the stock is currently overvalued, trading at higher-than-normal P/E ratios—around 14 to 16 times—and above historical averages for Canadian banks. Experts express caution, suggesting trimming positions or waiting for a market pullback before initiating new purchases. The bank’s U.S. operations remain under regulatory scrutiny, limiting growth potential, which adds to the complex outlook for TD. While many hold on to their shares for long-term growth, there is a consensus on the need for careful evaluation of entry points due to high valuations.
He's long owned this, a great performer. Banks face headwinds, but TD trades at 10x earnings and pays a 4% yield. The banks can go lower in a weak economy, but the banks are long-term holds over 5-10 years. Stomach the volatility. You're paid to wait. Balance sheet is decent. TD (and RY) are investing in tech to keep up with the times.