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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
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.
BUY
He'd buy it now. A core holding. The 4% yield is safe and grows yearly like clockwork. It grows around 7% a year. Great governance. The fearful talk about loan losses is hogwash--ignore it.
BUY
You are not getting hurt, you are not going to do great. You are going to get your dividend and a slow grind upwards.
COMMENT
Canadian consumer debt close to an all-time high. Haven't seen the big housing downturn. Mortgages are huge business for them. If we see sustained housing decline, it will have a negative impact. Would take something major for any Canadian bank to take a hit to earnings. A major bank has never decreased its dividend, and you're not going to see it anytime soon.
HOLD
Historically it has been the best performing. They will have issues going forward in auto loans. Not a lot exposed to investment banking.
PAST TOP PICK
(A Top Pick May 25/18, Up 2%) TD is the best of the big 5 banks. It's been a tough environment for the whole group. He likes this for the US exposure.
BUY
The cons: They missed trading revenue and their wholesale statement in their latest report, though all Canadian banks did. The pros: Only 8% of their business mix is wholesale; trading is 5% of that; both those headwinds are now tailwinds. Most importantly Canadian P&C was up 9%, which is a key metric. They bumped their dividend 10%. TD's balance sheet is probably the best of this group. He see 6% EPS growth.
TOP PICK
Yielding close to 4%. Exposure to US and Canada. Safe place to park capital. Growth of close to 10% every year plus 4% dividend. (Analysts’ price target is $82.29)
PAST TOP PICK
(A Top Pick Apr 20/18, Up 10%) He likes the US exposure. Pays over 4% yield. It won't double in the coming year, but he expects 5-6% capital appreciation. He's happy to stick with it. A good entry point now.
PAST TOP PICK
(A Top Pick Mar 07/18, Up 3%) Doing okay like all the Canadian banks. He likes TD's recent 10% dividend increase. It surprised last quarter being on the downside, because their capital markets were a lot worse than the other banks'. Still likes it.
BUY
TD-T vs. CM-T. The banks this year should have an up year. He prefers TD-T. CM-T has the most exposure to Canada. They are going to do US acquisitions but those they buy will be at much higher multiples than CM-T trades at now so it will be dilutive.
PAST TOP PICK
(A Top Pick Feb 22/18, Up 9%) He's happy with this. They report in two days. He likes TD's strong Canadian banking franchise as well as their US operations. $1.71 EPS is the street's expectation which would be 10% YOY growth and would lead its sector. TD is among the top three Canadian banks, best of breed.
BUY ON WEAKNESS
He's bullish Canadian financials, especially in Q4 2018. TD has moved up a lot in recent weeks, so this could pull back a bit. Definitely buy Canadian banks on weakness this year. He's not worried about mortage levels.
PAST TOP PICK
(A Top Pick Jan 31/18, Up 6%) It is part of the Canadian banking oligopoly. It will remain a key holding.
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