TSE:TD

Toronto-Dominion Bank (TD.TO)

175.27
+2.46 (1.42%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
2223 watching
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Investor Insights
star iconJul 15, 2026, 12:00 am

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.

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Consensus
Overvalued
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Valuation
Overvalued
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RY
TOP PICK
This is a play on TD continuing to gain market share in the US. He sees the US economy as being better than the Canadian economy, however US economy is still not going gang buster. TD has been able to win market share from the other US banks. It is still early days as far as gobbling up market share. They may have the best retail platform in Canada and are taking these best practices to the US. This opportunity is somewhat immune to the performance of the US economy. Yield = 3.8% (Analysts’ price target is $83.32)
PAST TOP PICK
(A Top Pick May 25/18, Up 4%) His largest bank holding. They beat for the quarter. It will probably go into the $80s. Probably raise the dividend later in the year.
BUY
Don't let any single stock take up more than 7% of your portfolio, so don't be afraid to trim if a stock has grown like TD has. He has no worries about TD. Q1 was shaky, but should improve in Q2. Their exposure to the stronger US economy is good. He expects dividend increases and 305% earnings growth from all the Canadian banks this year. They are trading at a discount from their 20-year PE ratio, at 10x vs. 11.5x earnings.
HOLD
His biggest of all his bank holdings. The only knock is that it is hard to see what they can do next. The yield is a little lower relative to the peer group, because the stock price has done so well.
PAST TOP PICK
(A Top Pick May 08/18, Up 4%) The stock hasn't done anything in the past year, but the dividend pays a solid 4% that continues to grow. It trades at less than 11x forward earnings, below historical averages. Canadian housing is slowing, but it won't crash. Valuations reflect these concerns, so you can buy TD at these levels.
BUY
He'd buy it tomorrow. Really well run. Trading at 11x earnings. Great franchise down south. Weakness is capital markets exposure in the States, so they may acquire a US investment bank. Yield of 4%.
PAST TOP PICK
(A Top Pick May 16/18, Up 3%) Dividends are important. Their businesses have been doing well, and earnings are up 12%, though the stock price has been flat. His return comes from the dividend. They actually incurred a loss in their last quarterly report, which was surprising, but he expects a good report later this month. You can sleep well owning this long-term.
HOLD
It hit a nice bottom recently around $68. It has nice upside potential and a decent dividend. Management quality is great and leads the way in customer satisfaction. They seem to be able to avoid tough issues.
PAST TOP PICK
(A Top Pick May 03/18, Up 9%) Q1 they missed on housing and fears of cycle ending. But on the last quarter they bumped their dividend by 10% and their capital ratios are the best. Canadian Banks are OK. This is best of breed of the Canadian banks.
PAST TOP PICK
(A Top Pick May 10/17, Up 8%) Also a top pick today. Earnings grew 10% in the past year but the share price has been flat, so the PE has gone down. Looking ahead, earnings will be higher in 10 years, so current levels are at a good price.
TOP PICK
They have the least amount of exposure to credit among its peers. It no longer trades at a big premium. It pays the lowest dividend of the big 5 banks, but they have the biggest dividend-growth prospects. 10 years out, you'll be happy you bought this. Buy now, hold and compound dividends. (Analysts’ price target is $81.46)
HOLD
Owned it as a place holder at the bottom. Probably under-performing YTD. Probably related to what is happening with the interest rates and the yield curve. The Canadian Banks are always exposed to this short stories that come from the US. He doesn't think that the Canadian banks have great upside from here but also he doesn't think they have great downside. He thinks it is kind of dead money. He owns Royal Bank (RY-T) and Scotia Bank (BNS-T).
BUY
Add to a position? Loves it, but he just took some profits. The banks do better when rates rise and the housing market is improving. Neither is the case. The banks will sit in this range for a while. He also holds BNS for its yield and they operate in Latin America, which he likes.
BUY
After missing its first quarter, can TD still meet its 2019 target of $83? A big, long holding for him. TD is truly a North American bank, dependent on both economies. Doesn't know if TD will hit $83 this year, but if they don't, he's not worried.
BUY ON WEAKNESS
They made a really big shift after the financial crisis, at growing their US franchise which they have been very successful at. Those that have established US businesses leave you more diversified. TD has a yield of just under 4% and he would like to continue to own it.
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