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TSE:TD

Toronto-Dominion Bank (TD.TO)

167.84
+1.97 (1.19%)
as of Aug 27, 2026, 8:00:00 pm Market Open.
2222 watching
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Investor Insights
star iconAug 27, 2026, 12:00 am

This summary was created by AI, based on 52 opinions in the last 12 months.

Experts share a mixed outlook on Toronto-Dominion Bank (TD), noting its recent recovery from a money-laundering scandal and strong performance in capital markets and wealth management. However, many express concerns about the stock's current valuation, which they deem high compared to historical averages. While TD has benefited from a favorable economic environment and regulatory support, several experts recommend trimming positions to capture profits or reallocating into more undervalued opportunities. Despite some strong earnings announcements indicating solid fundamentals, there is caution about the growth potential due to ongoing compliance issues and the impact of interest rates on the Canadian economy. Overall, TD is viewed as a resilient player in the Canadian banking sector, yet the optimism is tempered by valuation concerns.

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Consensus
Cautious
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Valuation
Overvalued
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RY
TOP PICK
A quality solid business who just beat their earnings estimates this quarter. Trades around 11 times earnings. Yield 3.92% (Analysts’ price target is $83.32)
PARTIAL SELL
Why does TD get hit the hardest? Depends on the time period. YTD, TD had underperformed its US peer group. It's recovered a lot. He's trimmed back on all his banks. Valuation, earnings, and loan growth concerns. Still a very solid bank to have in your portfolio.
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.
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