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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.
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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
Buy this or U.S. banks? Likes it for its U.S. expsoure. He prefers MS over TD (he owns both). He'd buy it here. Canadian banks are profit machines. A core holding.
BUY
He's long owned this and likes it. It's big in the U.S. Stick with it. He's not worried. TD increased their dividend by 9% this year and likely 8% next.
BUY
It is a portfolio anchor. They consistently raise the dividend. They have first mover advantage in terms of going into the US. They were quite successful. He invests 20% in financials. The dividends are safe. There has been a pull back in TD-T. Longer term you will do fine with this name. Don't be enthusiastic about over-weighting the name just because it pulled back. There will be volatility in the short term. There are other Canadian banks with higher yields.
BUY
Will this correction in Canadian banks continue? They've all been down 5-10% this year. TD just reported strongly with earnings up 13% YOY. TD was questioned about energy and residential loans. The former are well-contained, and mortgage growth is in the single-digits. TD is attractively valued; all the Canadian banks are below historic price-to-earnings or -book. In 2019, she expects all the Canadian banks to catch-up to these metrics. All have increased their dividends. TD has a 45% payout ratio. This year, the banks have been reflecting a lot of bad news, but next year she expects them to catch up. She'd buy TD now.
BUY
All Canadian banks had good earnings, with TD among the best in various areas (profit, dividend growth, overall performance). He also owns RY and BNS. Definitely buy TD. But American banks are not doing well and he has sold several of them this year. The banks need to lead the recovery in the next three months (or else the market is in trouble).
TOP PICK
It is an industry leader. It sold off more than the others. It is at the bottom of its trading range. (Analysts’ price target is $84.23)
COMMENT
All the banks will have a rough ride if the China issue blows into a trade war. TD has great exposure to the U.S, though it has limited ROE for the short-term. He owns a small holding of TD. It's selling at a premium to its peers, which are a better buy.
COMMENT
TD-T vs US Banks – All the Canadian bank shares have been weak. Technically, he sees support around $68. As with the US banks, they are generally cheaper, but he has not had any good result in purchasing them. He thinks this is a signal the market is just not interested in this sector. He is a firm believer the Canadian banks are of higher quality and earnings are consistent.
WAIT
Probably best run retail bank in Canada, one of top 20 in US. Thinks there may be a better entry point. Great company he'd like to own. Lots of respect for management.
BUY
Why is it falling? Has long owned it and still likes it. Why falling? Becuase banks are a leveraged play on the Canadian economy. We are going into decelerated economic growth after it was speeding it. No, this is not heading to recession, just slowing down. Earnings growth is decreasing. But don't sell it. The dividend grows 7% annually. You won't make money in bank stocks every year, but add the dividend growth and dividend.
PAST TOP PICK
(A Top Pick Sep 07/17, Up 16%) Loves their US operations, which are really starting to pay off. Sold off recently along with the rest. Canadian banks can compete successfully in the US.
COMMENT
TD is probably the least value priced Canadian bank right now. You are paying for first-mover advantage in terms of the success they've had in the U.S on the banking side. Considerably lower yield compared to the other Canadian banks. Not a value play, but hard to argue about how well they are executing. It should be one of the names you own, but if you're looking for a bargain, TD would not be the name.
BUY
He owns TD and it will report tomorrow. This along with Royal Bank are the two premium Canadian banks. He expects earnings in TD to be as strong as that for Royal relatively speaking. Yield 3.5%.
TOP PICK
They like their American exposure. Well-run, trading at 10x earnings with a 3.7% dividend. Great capital ratios. Selling cheap because of fears of weakness in Canadian housing and oil--which he doesn't buy. As for housing, there's still immmigration coming to Canadian cities with little housing supply being built. (Analysts’ price target is $84.99)
PAST TOP PICK
(A Top Pick Sep 13/17, Up 11%) 55% of their revenue is coming from the US. Has owned this since 2004 when started his firm. He would be surprised if they ever get out of TD. It is cheap-ish relatively to where it has historically been valued.
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