
TSE:TD
This summary was created by AI, based on 58 opinions in the last 12 months.
Experts have expressed mixed sentiments regarding Toronto-Dominion Bank (TD), with many acknowledging its recovery from previous money laundering issues, yet flagging the bank's current high valuation. While TD has shown solid growth in wealth management and capital markets, concerns about overvaluation persist, particularly with a PE ratio significantly above historical norms. Many analysts have suggested trimming positions, taking profits, or being cautious about new investments until a healthy pullback occurs. There are also questions about the bank's future growth trajectory, especially given the caps on its US expansion and the sluggish performance of its core retail banking sector in Canada. Despite these concerns, several experts maintain a positive outlook on the bank's long-term prospects, especially as it adapts to its regulatory environment and focuses on improving its US operations.
Which American bank to hold long-term? His U.S. exposure is through TD-T. A third of operations is in America. TD is great to play the US, because you play Canada and the US. Otherwise, JPM is the best US bank, but also look at banks in Europe and India.